IDI, Inc. (NASDAQ:COGT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Separately, Roth Capital assumed coverage on shares of IDI in a research note on Thursday, June 29th. They set a “buy” rating and a $7.65 price target for the company.

Shares of IDI (NASDAQ:COGT) traded up 1.11% on Tuesday, hitting $4.55. 92,443 shares of the company traded hands. The stock’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.53. The company’s market capitalization is $249.25 million. IDI has a 12 month low of $2.90 and a 12 month high of $6.22.

IDI (NASDAQ:COGT) last issued its quarterly earnings results on Tuesday, May 9th. The technology company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.09. The firm had revenue of $50.80 million during the quarter, compared to analysts’ expectations of $50.29 million. IDI had a negative net margin of 17.68% and a negative return on equity of 12.16%. IDI’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.25) EPS. On average, equities analysts predict that IDI will post ($0.56) earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in COGT. Dynamic Technology Lab Private Ltd purchased a new stake in IDI during the first quarter valued at approximately $119,000. Parametric Portfolio Associates LLC purchased a new stake in IDI during the first quarter valued at approximately $179,000. Wells Fargo & Company MN boosted its stake in IDI by 1,009.3% in the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after buying an additional 53,874 shares during the period. Akanthos Capital Management LLC purchased a new stake in IDI during the third quarter valued at approximately $381,000. Finally, Bank of New York Mellon Corp boosted its stake in IDI by 25.6% in the first quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock valued at $350,000 after buying an additional 15,384 shares during the period. Institutional investors own 8.42% of the company’s stock.

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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