BidaskClub lowered shares of IDT Corporation (NYSE:IDT) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, TheStreet upgraded shares of IDT Corporation from a c+ rating to a b- rating in a research report on Friday, June 16th.

Shares of IDT Corporation (IDT) opened at 14.19 on Tuesday. IDT Corporation has a 52 week low of $12.03 and a 52 week high of $23.13. The firm’s 50-day moving average price is $14.73 and its 200 day moving average price is $15.37. The firm has a market cap of $352.42 million, a PE ratio of 11.27 and a beta of 1.13.

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In other IDT Corporation news, Director Judah Schorr bought 4,000 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were purchased at an average price of $14.29 per share, for a total transaction of $57,160.00. Following the transaction, the director now directly owns 69,287 shares in the company, valued at approximately $990,111.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Howard S. Jonas bought 1,000,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were acquired at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,037,000 shares of company stock worth $15,463,460. Company insiders own 12.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foundry Partners LLC acquired a new position in shares of IDT Corporation during the second quarter worth about $3,362,000. Old West Investment Management LLC purchased a new stake in shares of IDT Corporation during the second quarter worth $2,719,000. Seizert Capital Partners LLC increased its stake in shares of IDT Corporation by 68.7% in the second quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock worth $2,427,000 after buying an additional 68,771 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of IDT Corporation during the second quarter worth $2,115,000. Finally, Nationwide Fund Advisors increased its stake in shares of IDT Corporation by 20.5% in the second quarter. Nationwide Fund Advisors now owns 59,969 shares of the utilities provider’s stock worth $862,000 after buying an additional 10,193 shares during the period. Hedge funds and other institutional investors own 51.98% of the company’s stock.

About IDT Corporation

IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.

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