Zacks: IDI, Inc. (COGT) Given $6.88 Consensus Target Price by Brokerages
Shares of IDI, Inc. (NASDAQ:COGT) have received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $6.88 for the company and are anticipating that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned IDI an industry rank of 68 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on COGT. Roth Capital set a $8.00 target price on shares of IDI and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of IDI from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Chardan Capital reissued a “buy” rating and issued a $7.00 target price (down previously from $12.50) on shares of IDI in a research note on Thursday, November 9th.
IDI (NASDAQ:COGT) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The company had revenue of $57.25 million during the quarter, compared to analyst estimates of $62.24 million. During the same quarter last year, the business earned ($0.19) EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. sell-side analysts forecast that IDI will post -1.02 earnings per share for the current fiscal year.
In other news, Chairman Michael Brauser purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $4.23 per share, with a total value of $29,610.00. Following the purchase, the chairman now directly owns 329,235 shares of the company’s stock, valued at approximately $1,392,664.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phillip Md Et Al Frost purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 42,700 shares of company stock worth $175,953 in the last ninety days. 53.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COGT. Schwab Charles Investment Management Inc. increased its position in shares of IDI by 328.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock worth $480,000 after purchasing an additional 79,100 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of IDI in the 1st quarter worth about $179,000. Finally, Bank of New York Mellon Corp increased its position in shares of IDI by 31.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after purchasing an additional 23,769 shares during the last quarter. 8.86% of the stock is owned by institutional investors.
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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