Cogint, Inc. (COGT) Expected to Announce Quarterly Sales of $67.13 Million

Wall Street analysts expect Cogint, Inc. (NASDAQ:COGT) to report sales of $67.13 million for the current quarter, Zacks reports. Two analysts have provided estimates for Cogint’s earnings, with the lowest sales estimate coming in at $62.85 million and the highest estimate coming in at $71.40 million. Cogint reported sales of $54.19 million in the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The company is expected to report its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that Cogint will report full-year sales of $67.13 million for the current year, with estimates ranging from $223.80 million to $232.44 million. For the next financial year, analysts expect that the business will post sales of $283.48 million per share, with estimates ranging from $277.30 million to $293.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Cogint.

A number of brokerages have commented on COGT. Zacks Investment Research raised shares of Cogint from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Chardan Capital reaffirmed a “buy” rating and set a $7.00 target price (down from $12.50) on shares of Cogint in a research note on Thursday, November 9th.

In other news, Director Phillip Md Et Al Frost bought 20,000 shares of Cogint stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $4.11 per share, with a total value of $82,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Brauser bought 18,000 shares of Cogint stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $3.65 per share, for a total transaction of $65,700.00. Following the completion of the purchase, the director now directly owns 329,235 shares of the company’s stock, valued at $1,201,707.75. The disclosure for this purchase can be found here. Insiders have acquired 62,537 shares of company stock worth $246,678 over the last ninety days. 53.30% of the stock is owned by insiders.

An institutional investor recently bought a new position in Cogint stock. Virtu Financial LLC bought a new position in shares of Cogint, Inc. (NASDAQ:COGT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 68,897 shares of the technology company’s stock, valued at approximately $303,000. Virtu Financial LLC owned 0.11% of Cogint at the end of the most recent reporting period. 8.06% of the stock is currently owned by institutional investors.

Cogint (NASDAQ COGT) opened at $3.45 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $226.07, a PE ratio of -3.63 and a beta of 0.12. Cogint has a 52 week low of $3.15 and a 52 week high of $6.95.

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Cogint 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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Earnings History and Estimates for Cogint (NASDAQ:COGT)

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