Zacks: Analysts Expect IDI, Inc. (COGT) to Post -$0.16 EPS
Brokerages expect IDI, Inc. (NASDAQ:COGT) to post earnings per share (EPS) of ($0.16) for the current quarter, Zacks reports. Two analysts have provided estimates for IDI’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.14). IDI reported earnings of ($0.11) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 45.5%. The business is expected to report its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that IDI will report full-year earnings of ($0.86) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.81). For the next year, analysts anticipate that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.27) to ($0.07). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow IDI.
A number of analysts have recently commented on the company. Roth Capital set a $8.00 target price on IDI and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded IDI from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd.
IDI (NASDAQ COGT) traded up 0.0022% during trading on Wednesday, reaching $4.5501. The company’s stock had a trading volume of 30,789 shares. The company’s market capitalization is $251.20 million. The firm’s 50-day moving average price is $4.89 and its 200 day moving average price is $4.90. IDI has a 12-month low of $2.90 and a 12-month high of $6.30.
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Hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC acquired a new position in shares of IDI during the first quarter valued at approximately $179,000. Wells Fargo & Company MN raised its holdings in shares of IDI by 1,009.3% during the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after acquiring an additional 53,874 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of IDI by 25.6% during 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 acquiring an additional 15,384 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of IDI by 328.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after acquiring an additional 79,100 shares during the last quarter. Institutional investors own 8.77% of the company’s stock.
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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