Zacks: Cogint, Inc. (COGT) Given $6.88 Average Target Price by Brokerages

Shares of Cogint, Inc. (NASDAQ:COGT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $6.88 for the company and are expecting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also given Cogint an industry rank of 93 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on COGT. Zacks Investment Research upgraded shares of Cogint from a “sell” rating to a “hold” rating in a research note on Thursday. Chardan Capital reaffirmed a “buy” rating and set a $7.00 price objective (down previously from $12.50) on shares of Cogint in a research note on Thursday, November 9th.

In other news, Director Michael Brauser acquired 18,000 shares of Cogint stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of $3.65 per share, with a total value of $65,700.00. Following the completion of the purchase, the director now owns 329,235 shares in the company, valued at $1,201,707.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip Md Et Al Frost acquired 20,000 shares of Cogint stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $4.11 per share, with a total value of $82,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 62,537 shares of company stock valued at $246,678. 54.10% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Cogint stock. Virtu Financial LLC bought a new stake in shares of Cogint, Inc. (NASDAQ:COGT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 68,897 shares of the technology company’s stock, valued at approximately $303,000. Virtu Financial LLC owned about 0.11% of Cogint at the end of the most recent reporting period. 8.05% of the stock is currently owned by institutional investors.

Cogint (COGT) opened at $3.45 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60. Cogint has a 12 month low of $3.15 and a 12 month 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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