IDI, Inc. (NASDAQ:COGT) has been assigned a $8.00 price target by Roth Capital in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the technology company’s stock. Roth Capital’s target price suggests a potential upside of 75.82% from the company’s previous close.

Separately, Zacks Investment Research upgraded shares of IDI from a “sell” rating to a “hold” rating in a research report on Tuesday.

IDI (NASDAQ:COGT) opened at 4.55 on Tuesday. The company’s market cap is $249.25 million. The company has a 50-day moving average of $4.81 and a 200 day moving average of $4.53. IDI has a 12 month low of $2.90 and a 12 month high of $6.22.

IDI (NASDAQ:COGT) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.09. IDI had a negative net margin of 17.68% and a negative return on equity of 12.16%. The company had revenue of $50.80 million for the quarter, compared to analysts’ expectations of $50.29 million. During the same quarter in the previous year, the company earned ($0.25) earnings per share. IDI’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts forecast that IDI will post ($0.56) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of IDI by 31.5% in the second quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after buying an additional 23,769 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of IDI by 328.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock worth $480,000 after buying an additional 79,100 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of IDI during the first quarter worth $119,000. Parametric Portfolio Associates LLC acquired a new stake in shares of IDI during the first quarter worth $179,000. Finally, Wells Fargo & Company MN boosted its stake in shares of IDI by 1,009.3% in the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares during the period. Institutional investors and hedge funds own 8.42% 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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