Cogint, Inc. (NASDAQ:COGT) traded up 6.7% during mid-day trading on Wednesday . The company traded as high as $3.25 and last traded at $3.20. 541,468 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,138,293 shares. The stock had previously closed at $3.00.
A number of equities research analysts have recently issued reports on the stock. Chardan Capital reissued a “buy” rating and issued a $7.00 price target (down from $12.50) on shares of Cogint in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Cogint from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.
The stock has a market capitalization of $209.69, a price-to-earnings ratio of -3.37 and a beta of 0.12. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.
In other news, CEO Ryan Schulke purchased 100,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $2.93 per share, with a total value of $293,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Conlin purchased 20,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $2.81 per share, for a total transaction of $56,200.00. Following the completion of the acquisition, the insider now owns 2,828,235 shares of the company’s stock, valued at approximately $7,947,340.35. The disclosure for this purchase can be found here. Over the last three months, insiders bought 153,037 shares of company stock worth $473,403. Insiders own 54.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in Cogint by 31.5% in the second 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. Deutsche Bank AG raised its stake in Cogint by 141.0% in the fourth quarter. Deutsche Bank AG now owns 45,423 shares of the technology company’s stock valued at $199,000 after purchasing an additional 26,579 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Cogint in the fourth quarter valued at approximately $303,000. 8.15% of the stock is currently owned by institutional investors and hedge funds.
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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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