IDI Inc. (COGT) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Cogint, Inc. is involved in data analytics products and services. The Company offers cloud-based mobile user and data acquisition, audience, risk management and marketing solutions to the risk management industry. Cogint Inc., formerly known as IDI Inc., is based in Beverly Hills, United States. “
A number of other brokerages also recently issued reports on COGT. Barrington Research restated an outperform rating and issued a $7.00 price target on shares of IDI in a research report on Friday, October 14th. Chardan Capital reiterated a buy rating and issued a $12.50 price objective on shares of IDI in a research note on Friday, October 21st.
IDI (NASDAQ:COGT) opened at 3.30 on Wednesday. The company’s 50-day moving average is $3.60 and its 200 day moving average is $4.21. IDI has a one year low of $2.90 and a one year high of $9.88. The firm’s market cap is $167.19 million.
IDI (NASDAQ:COGT) last issued its quarterly earnings results 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. The firm earned $52.18 million during the quarter, compared to analyst estimates of $46.95 million. IDI had a negative return on equity of 24.35% and a negative net margin of 39.27%. The firm’s revenue for the quarter was up 5118.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.29) EPS. Equities analysts anticipate that IDI will post ($0.53) earnings per share for the current year.
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In other IDI news, COO Harry Baker Jordan III acquired 155,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were acquired at an average cost of $3.97 per share, with a total value of $615,350.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Schulke acquired 20,679 shares of the company’s stock in a transaction on Monday, November 7th. The shares were acquired at an average cost of $3.51 per share, for a total transaction of $72,583.29. Following the completion of the acquisition, the chief executive officer now owns 5,884,579 shares of the company’s stock, valued at $20,654,872.29. The disclosure for this purchase can be found here. 53.60% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in COGT. Akanthos Capital Management LLC acquired a new stake in IDI during the third quarter valued at approximately $381,000. 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. Finally, BlackRock Institutional Trust Company N.A. acquired a new stake in IDI during the third quarter valued at approximately $477,000. 6.48% of the stock is currently owned by institutional investors and hedge funds.
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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