IDI Inc. (NASDAQ:COGT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
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 brokerages also recently commented on COGT. Chardan Capital reaffirmed a “buy” rating and issued a $12.50 target price on shares of IDI in a research note on Friday, November 4th. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 target price on shares of IDI in a research note on Friday, October 14th.
IDI (NASDAQ:COGT) opened at 3.45 on Wednesday. IDI has a 52-week low of $2.90 and a 52-week high of $9.88. The company’s market capitalization is $174.79 million. The company’s 50 day moving average is $3.67 and its 200-day moving average is $4.23.
IDI (NASDAQ:COGT) last issued its earnings results on Thursday, November 3rd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.07. IDI had a negative return on equity of 24.35% and a negative net margin of 39.27%. The firm earned $52.18 million during the quarter, compared to analysts’ expectations of $46.95 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. The firm’s quarterly revenue was up 5118.0% compared to the same quarter last year. Equities analysts anticipate that IDI will post ($0.53) EPS for the current fiscal year.
In related news, COO Harry Baker Jordan III acquired 155,000 shares of IDI 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Schulke acquired 20,679 shares of IDI stock in a transaction on Monday, November 7th. The shares were bought at an average cost of $3.51 per share, for a total transaction of $72,583.29. Following the completion of the transaction, the chief executive officer now owns 5,884,579 shares in the company, valued at approximately $20,654,872.29. The disclosure for this purchase can be found here. Company insiders own 53.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of COGT. Akanthos Capital Management LLC bought a new position in shares of IDI during the third quarter worth about $381,000. NF Trinity Capital Hong Kong Ltd bought a new position in shares of IDI during the third quarter worth about $992,000. Northern Trust Corp bought a new position in shares of IDI during the third quarter worth about $770,000. California State Teachers Retirement System bought a new position in shares of IDI during the third quarter worth about $161,000. Finally, BlackRock Institutional Trust Company N.A. bought a new position in shares of IDI during the third quarter worth about $477,000. 5.48% 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.