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. “
Several other equities analysts also recently weighed in on the company. Chardan Capital restated a buy rating and set a $12.50 price target on shares of IDI in a report on Friday, November 4th. Barrington Research restated an outperform rating and set a $7.00 price target on shares of IDI in a report on Friday, October 14th.
Shares of IDI (NASDAQ:COGT) opened at 3.30 on Wednesday. The stock’s market capitalization is $167.19 million. The firm’s 50-day moving average is $3.60 and its 200 day moving average is $4.21. IDI has a 12-month low of $2.90 and a 12-month high of $9.88.
IDI (NASDAQ:COGT) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.07. IDI had a negative net margin of 39.27% and a negative return on equity of 24.35%. The company had revenue of $52.18 million for the quarter, compared to the consensus estimate of $46.95 million. During the same quarter in the previous year, the business earned ($0.29) earnings per share. IDI’s revenue was up 5118.0% compared to the same quarter last year. On average, equities research analysts forecast that IDI will post ($0.53) EPS for the current fiscal year.
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In other IDI news, Director Phillip Md Et Al Frost acquired 35,000 shares of IDI stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $3.17 per share, for a total transaction of $110,950.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Harry Baker Jordan III acquired 155,000 shares of IDI stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average price of $3.97 per share, with a total value of $615,350.00. The disclosure for this purchase can be found here. 53.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in COGT. Rhumbline Advisers purchased a new position in shares of IDI during the third quarter valued at about $124,000. California State Teachers Retirement System purchased a new position in shares of IDI during the third quarter valued at about $161,000. Teachers Advisors LLC purchased a new position in shares of IDI during the third quarter valued at about $251,000. Bank of New York Mellon Corp purchased a new position in shares of IDI during the third quarter valued at about $269,000. Finally, BlackRock Investment Management LLC purchased a new position in shares of IDI during the third quarter valued at about $312,000. Institutional investors own 6.48% of the company’s stock.
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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