Insider Buying: IDI Inc. (COGT) CEO Acquires $20,050.00 in Stock
IDI Inc. (NASDAQ:COGT) CEO Ryan Schulke purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average cost of $4.01 per share, with a total value of $20,050.00. Following the purchase, the chief executive officer now directly owns 5,889,579 shares of the company’s stock, valued at $23,617,211.79. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Ryan Schulke also recently made the following trade(s):
- On Monday, November 7th, Ryan Schulke purchased 20,679 shares of IDI stock. The stock was acquired at an average cost of $3.51 per share, with a total value of $72,583.29.
IDI Inc. (NASDAQ:COGT) opened at 3.75 on Monday. IDI Inc. has a 12 month low of $2.90 and a 12 month high of $10.71. The firm’s 50-day moving average price is $4.00 and its 200 day moving average price is $4.36. The stock’s market cap is $189.99 million.
IDI (NASDAQ:COGT) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.07. IDI had a negative return on equity of 24.35% and a negative net margin of 39.27%. The firm earned $52.18 million during the quarter, compared to the consensus estimate of $46.95 million. During the same period in the previous year, the firm earned ($0.29) EPS. The business’s revenue was up 5118.0% compared to the same quarter last year. On average, analysts anticipate that IDI Inc. will post ($0.53) earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in IDI during the third quarter worth about $124,000. California State Teachers Retirement System bought a new stake in IDI during the third quarter valued at $161,000. Teachers Advisors LLC bought a new stake in IDI during the third quarter valued at $251,000. Bank of New York Mellon Corp bought a new stake in IDI during the third quarter valued at $269,000. Finally, BlackRock Investment Management LLC bought a new stake in IDI during the third quarter valued at $312,000. 5.10% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Zacks Investment Research raised IDI from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Chardan Capital reaffirmed a “buy” rating and issued a $12.50 price target on shares of IDI in a research note on Friday, November 4th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of IDI in a research note on Friday, October 14th.
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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