Brokerages expect IDI, Inc. (NASDAQ:COGT) to post sales of $67.13 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for IDI’s earnings. The lowest sales estimate is $62.85 million and the highest is $71.40 million. IDI reported sales of $54.19 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.9%. The firm is expected to report its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that IDI will report full year sales of $67.13 million for the current fiscal year, with estimates ranging from $223.80 million to $232.44 million. For the next year, analysts forecast that the business will report sales of $282.88 million per share, with estimates ranging from $277.30 million to $292.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for IDI.
IDI (NASDAQ:COGT) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.09). IDI had a negative return on equity of 17.78% and a negative net margin of 24.45%. The company had revenue of $57.25 million during the quarter, compared to the consensus estimate of $62.24 million. During the same period last year, the firm posted ($0.19) EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of IDI from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Chardan Capital reissued a “buy” rating and set a $7.00 price objective (down previously from $12.50) on shares of IDI in a research report on Thursday, November 9th.
In related news, Director Phillip Md Et Al Frost purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $4.11 per share, for a total transaction of $82,200.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Michael Brauser purchased 7,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $4.23 per share, for a total transaction of $29,610.00. Following the purchase, the chairman now owns 329,235 shares in the company, valued at $1,392,664.05. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 47,737 shares of company stock worth $196,101. 53.30% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC bought a new stake in shares of IDI in the 1st quarter worth about $179,000. Bank of New York Mellon Corp increased its holdings 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 worth $500,000 after buying an additional 23,769 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of IDI by 328.2% in the 1st 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 last quarter. Institutional investors and hedge funds own 8.86% of the company’s stock.
Shares of IDI (NASDAQ:COGT) traded down $0.15 during mid-day trading on Wednesday, hitting $3.95. 331,662 shares of the stock were exchanged, compared to its average volume of 283,033. IDI has a 12-month low of $3.15 and a 12-month 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.
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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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