Insider Buying: IDI Inc. (COGT) Insider Purchases $24,635.00 in Stock
IDI Inc. (NASDAQ:COGT) insider Michael Brauser acquired 6,500 shares of IDI stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average price of $3.79 per share, with a total value of $24,635.00. Following the completion of the acquisition, the insider now directly owns 194,384 shares of the company’s stock, valued at $736,715.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
IDI Inc. (NASDAQ:COGT) opened at 3.75 on Monday. IDI Inc. has a 52-week low of $2.90 and a 52-week high of $10.71. The company’s 50 day moving average is $4.00 and its 200-day moving average is $4.36. The company’s market capitalization is $189.99 million.
IDI (NASDAQ:COGT) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ 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 company earned $52.18 million during the quarter, compared to the consensus estimate of $46.95 million. During the same quarter last year, the company posted ($0.29) earnings per share. The firm’s revenue for the quarter was up 5118.0% compared to the same quarter last year. Equities analysts anticipate that IDI Inc. will post ($0.53) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of IDI during the third quarter valued at approximately $269,000. BlackRock Investment Management LLC bought a new position in shares of IDI during the third quarter valued at approximately $312,000. Teachers Advisors LLC bought a new position in shares of IDI during the third quarter valued at approximately $251,000. Rhumbline Advisers bought a new position in shares of IDI during the third quarter valued at approximately $124,000. Finally, BlackRock Institutional Trust Company N.A. bought a new position in shares of IDI during the third quarter valued at approximately $477,000. Institutional investors and hedge funds own 5.10% of the company’s stock.
A number of research analysts recently weighed in on the stock. Chardan Capital reissued 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 lowered shares of IDI from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. Finally, Barrington Research reissued an “outperform” rating and set a $7.00 price target on shares of IDI in a research report 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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