Cogint (NASDAQ:COGT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Separately, Chardan Capital restated a “buy” rating and set a $7.00 target price (down from $12.50) on shares of Cogint in a report on Thursday, November 9th.
In related news, Director Michael Brauser acquired 18,000 shares of the firm’s 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 acquisition, the director now directly owns 329,235 shares in the company, valued at $1,201,707.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Matthew Conlin acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $2.81 per share, for a total transaction of $56,200.00. Following the completion of the acquisition, the insider now owns 2,828,235 shares of the company’s stock, valued at $7,947,340.35. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 155,037 shares of company stock worth $483,003. Corporate insiders own 54.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. NF Trinity Capital Hong Kong Ltd acquired a new position in shares of Cogint in the third quarter valued at about $992,000. WealthTrust Axiom LLC acquired a new position in shares of Cogint in the first quarter valued at about $418,000. Schwab Charles Investment Management Inc. grew its stake in shares of Cogint by 328.2% in the first 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 in the last quarter. Akanthos Capital Management LLC acquired a new position in shares of Cogint in the third quarter valued at about $381,000. Finally, Virtu Financial LLC acquired a new position in shares of Cogint in the fourth quarter valued at about $303,000. Hedge funds and other institutional investors own 8.05% of the company’s stock.
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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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