Cogint Sees Unusually Large Options Volume (COGT)

Cogint, Inc. (NASDAQ:COGT) saw some unusual options trading activity on Tuesday. Traders bought 1,419 call options on the company. This is an increase of 2,434% compared to the typical daily volume of 56 call options.

In other news, Director Phillip Md Et Al Frost acquired 20,000 shares of Cogint stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $4.11 per share, with a total value of $82,200.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Brauser acquired 18,000 shares of Cogint stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $3.65 per share, for a total transaction of $65,700.00. Following the completion of the purchase, the director now owns 329,235 shares in the company, valued at approximately $1,201,707.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 70,237 shares of company stock worth $279,326. Insiders own 54.10% of the company’s stock.

A hedge fund recently raised its stake in Cogint stock. Bank of New York Mellon Corp increased its stake in shares of Cogint, Inc. (NASDAQ:COGT) by 31.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,206 shares of the technology company’s stock after acquiring an additional 23,769 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.18% of Cogint worth $500,000 at the end of the most recent quarter. 8.86% of the stock is currently owned by institutional investors.

COGT has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Cogint from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Chardan Capital reissued a “buy” rating and set a $7.00 target price (down from $12.50) on shares of Cogint in a research note on Thursday, November 9th.

Cogint (NASDAQ:COGT) opened at $4.85 on Friday. The stock has a market cap of $325.24, a price-to-earnings ratio of -5.11 and a beta of 0.20. Cogint has a 12 month low of $3.15 and a 12 month high of $6.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60.

Cogint (NASDAQ:COGT) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.09). The company had revenue of $57.25 million for the quarter, compared to the consensus estimate of $62.24 million. Cogint had a negative return on equity of 17.78% and a negative net margin of 24.45%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share. analysts predict that Cogint will post -1.02 EPS for the current year.

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About Cogint

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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