Cogint, Inc. (NASDAQ:COGT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note 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. “

Several other research firms have also issued reports on COGT. Roth Capital set a $8.00 price objective on shares of Cogint and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Chardan Capital reissued a “buy” rating and issued a $7.00 price objective (down previously from $12.50) on shares of Cogint in a research report on Thursday, November 9th.

Cogint (COGT) traded up $0.10 during trading on Tuesday, hitting $4.35. 304,600 shares of the stock traded hands, compared to its average volume of 229,367. Cogint has a 52 week low of $3.05 and a 52 week high of $6.30. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.

Cogint (NASDAQ:COGT) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.09). Cogint had a negative return on equity of 17.78% and a negative net margin of 24.45%. The business had revenue of $57.25 million during the quarter, compared to analyst estimates of $62.24 million. During the same period in the previous year, the company earned ($0.19) EPS. Cogint’s revenue was up 9.7% on a year-over-year basis. research analysts anticipate that Cogint will post -0.86 EPS for the current fiscal year.

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In other news, Chairman Michael Brauser bought 7,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $4.23 per share, for a total transaction of $29,610.00. Following the completion of the purchase, the chairman now owns 329,235 shares of the company’s stock, valued at $1,392,664.05. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 53.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in COGT. NF Trinity Capital Hong Kong Ltd purchased a new position in shares of Cogint in the third quarter valued at $992,000. WealthTrust Axiom LLC bought a new position in Cogint during the 1st quarter valued at $418,000. Schwab Charles Investment Management Inc. boosted its stake in Cogint by 328.2% during the 1st 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. Akanthos Capital Management LLC bought a new position in Cogint during the 3rd quarter valued at $381,000. Finally, Wells Fargo & Company MN boosted its stake in Cogint by 1,009.3% during the 1st 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. Institutional investors and hedge funds own 9.02% of the company’s stock.

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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