Insider Buying: IDI, Inc. (COGT) Director Acquires 5,037 Shares of Stock
IDI, Inc. (NASDAQ:COGT) Director Michael Brauser bought 5,037 shares of IDI stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $4.00 per share, with a total value of $20,148.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Michael Brauser also recently made the following trade(s):
- On Friday, December 1st, Michael Brauser bought 3,500 shares of IDI stock. The stock was purchased at an average price of $4.18 per share, with a total value of $14,630.00.
- On Friday, November 10th, Michael Brauser bought 700 shares of IDI stock. The stock was purchased at an average price of $4.34 per share, with a total value of $3,038.00.
- On Wednesday, November 15th, Michael Brauser bought 7,500 shares of IDI stock. The stock was purchased at an average price of $4.09 per share, with a total value of $30,675.00.
- On Monday, November 13th, Michael Brauser bought 7,000 shares of IDI stock. The stock was purchased at an average price of $4.23 per share, with a total value of $29,610.00.
IDI, Inc. (NASDAQ:COGT) traded down $0.17 during midday trading on Wednesday, hitting $4.00. The company’s stock had a trading volume of 459,700 shares, compared to its average volume of 234,306. IDI, Inc. has a twelve month low of $3.15 and a twelve month 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.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COGT. Parametric Portfolio Associates LLC purchased a new position in shares of IDI in the 1st quarter valued at about $179,000. Schwab Charles Investment Management Inc. increased its stake 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 valued at $480,000 after purchasing an additional 79,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 valued at $500,000 after purchasing an additional 23,769 shares in the last quarter. Institutional investors and hedge funds own 8.86% of the company’s stock.
A number of equities analysts have weighed in on COGT shares. Zacks Investment Research lowered IDI from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Chardan Capital reiterated a “buy” rating and set a $7.00 price objective (down previously from $12.50) on shares of IDI in a research note on Thursday, November 9th. Finally, Roth Capital set a $8.00 price objective on IDI and gave the company a “buy” rating in a research note on Tuesday, August 8th.
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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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