$62.25 Million in Sales Expected for IDI, Inc. (COGT) This Quarter
Wall Street analysts expect IDI, Inc. (NASDAQ:COGT) to report $62.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for IDI’s earnings. The lowest sales estimate is $60.40 million and the highest is $64.09 million. IDI reported sales of $52.18 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.3%. The firm is expected to issue its next earnings results after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that IDI will report full year sales of $62.25 million for the current year, with estimates ranging from $235.00 million to $236.43 million. For the next financial year, analysts anticipate that the company will report sales of $288.44 million per share, with estimates ranging from $279.10 million to $294.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for IDI.
COGT has been the topic of several research analyst reports. Zacks Investment Research lowered IDI from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Roth Capital set a $8.00 price target on IDI and gave the stock a “buy” rating in a research report on Tuesday, August 8th.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC acquired a new position in IDI during the first quarter worth approximately $179,000. Wells Fargo & Company MN increased its position in IDI by 1,009.3% during the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares during the period. Bank of New York Mellon Corp increased its position in 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 worth $350,000 after buying an additional 15,384 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in IDI by 328.2% during the first 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 period. 8.77% of the stock is currently owned by institutional investors.
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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