Shares of IDI, Inc. (NASDAQ:COGT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $7.55 for the company and are anticipating that the company will post ($0.10) EPS for the current quarter, according to Zacks. Zacks has also assigned IDI an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of equities analysts recently commented on COGT shares. Roth Capital set a $8.00 price target on shares of IDI and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Chardan Capital reaffirmed a “buy” rating and set a $7.00 price target (down from $12.50) on shares of IDI in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of IDI from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th.
Shares of IDI (NASDAQ COGT) traded down $0.03 on Friday, hitting $3.95. 363,049 shares of the stock traded hands, compared to its average volume of 187,034. IDI has a 52 week low of $3.05 and a 52 week high of $6.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60.
IDI (NASDAQ:COGT) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.09). IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The company had revenue of $57.25 million during the quarter, compared to the consensus estimate of $62.24 million. During the same period in the previous year, the company earned ($0.19) earnings per share. IDI’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts anticipate that IDI will post -0.96 EPS for the current fiscal year.
In other news, Chairman Michael Brauser acquired 7,000 shares of IDI stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $4.23 per share, for a total transaction of $29,610.00. Following the completion of the purchase, the chairman now directly owns 329,235 shares of the company’s stock, valued at approximately $1,392,664.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Phillip Md Et Al Frost acquired 20,000 shares of IDI stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. Insiders have acquired 35,200 shares of company stock worth $145,523 over the last quarter. Corporate insiders own 53.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its stake in IDI by 328.2% during 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of IDI by 31.5% in 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 in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of IDI in the 1st quarter valued at approximately $179,000. Hedge funds and other institutional investors own 9.02% of the company’s stock.
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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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