IDI, Inc. (COGT) Director Purchases $82,200.00 in Stock
IDI, Inc. (NASDAQ:COGT) Director Phillip Md Et Al Frost acquired 20,000 shares of IDI stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $4.11 per share, with a total value of $82,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
IDI, Inc. (NASDAQ COGT) traded down $0.03 during trading on Friday, hitting $3.95. The company’s stock had a trading volume of 363,049 shares, compared to its average volume of 187,034. IDI, Inc. has a 1-year low of $3.05 and a 1-year high of $6.30. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.
IDI (NASDAQ:COGT) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). The firm had revenue of $57.25 million for the quarter, compared to the consensus estimate of $62.24 million. IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. sell-side analysts expect that IDI, Inc. will post -0.96 earnings per share for the current fiscal year.
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Several research firms recently commented on COGT. Zacks Investment Research downgraded IDI from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Chardan Capital reiterated a “buy” rating and issued a $7.00 price objective (down from $12.50) on shares of IDI in a report on Thursday, November 9th. Finally, Roth Capital set a $8.00 price objective on IDI and gave the stock a “buy” rating in a report on Tuesday, August 8th.
Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in shares of IDI by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock valued at $500,000 after purchasing an additional 23,769 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of IDI by 328.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after purchasing an additional 79,100 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of IDI during the 1st quarter valued at about $179,000. Finally, Wells Fargo & Company MN grew its stake in shares of IDI by 1,009.3% during the 1st quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after purchasing an additional 53,874 shares during the period. Institutional investors and hedge funds own 9.02% of the company’s stock.
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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