Insider Buying: IDI Inc. (COGT) Insider Acquires 5,000 Shares of Stock
IDI Inc. (NASDAQ:COGT) insider Matthew Conlin purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average price of $3.73 per share, for a total transaction of $18,650.00. Following the transaction, the insider now owns 5,352,062 shares of the company’s stock, valued at approximately $19,963,191.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Matthew Conlin also recently made the following trade(s):
- On Monday, November 7th, Matthew Conlin purchased 21,812 shares of IDI stock. The shares were purchased at an average price of $3.51 per share, for a total transaction of $76,560.12.
IDI Inc. (NASDAQ:COGT) traded down 1.28% during trading on Thursday, reaching $3.85. 11,670 shares of the company’s stock traded hands. The stock’s market cap is $195.05 million. The firm’s 50 day moving average price is $4.05 and its 200-day moving average price is $4.39. IDI Inc. has a one year low of $2.90 and a one year high of $10.71.
IDI (NASDAQ:COGT) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.07. IDI had a negative net margin of 39.27% and a negative return on equity of 24.35%. The business earned $52.18 million during the quarter, compared to analysts’ expectations of $46.95 million. During the same quarter last year, the company earned ($0.29) EPS. The firm’s revenue for the quarter was up 5118.0% compared to the same quarter last year. On average, equities analysts anticipate that IDI Inc. will post ($0.53) earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. NF Trinity Capital Hong Kong Ltd acquired a new stake in IDI during the third quarter valued at approximately $992,000. Northern Trust Corp acquired a new stake in IDI during the third quarter valued at approximately $770,000. California State Teachers Retirement System acquired a new stake in IDI during the third quarter valued at approximately $161,000. BlackRock Institutional Trust Company N.A. acquired a new stake in IDI during the third quarter valued at approximately $477,000. Finally, Rhumbline Advisers acquired a new stake in IDI during the third quarter valued at approximately $124,000. Hedge funds and other institutional investors own 4.89% of the company’s stock.
Several analysts recently commented on COGT shares. Chardan Capital restated a “buy” rating and set a $12.50 price target on shares of IDI in a research report on Friday, November 4th. Zacks Investment Research raised shares of IDI from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $7.00 price objective on shares of IDI in a report on Friday, October 14th.
IDI Company Profile
IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.
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