Analysts Anticipate Cogint, Inc. (COGT) Will Announce Quarterly Sales of $67.13 Million
Brokerages expect that Cogint, Inc. (NASDAQ:COGT) will post $67.13 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Cogint’s earnings, with estimates ranging from $62.85 million to $71.40 million. Cogint reported sales of $54.19 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.9%. The company is expected to announce its next earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Cogint will report full-year sales of $67.13 million for the current financial year, with estimates ranging from $223.80 million to $232.44 million. For the next year, analysts forecast that the company will post sales of $283.48 million per share, with estimates ranging from $277.30 million to $293.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Cogint.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Cogint from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Chardan Capital reiterated a “buy” rating and set a $7.00 price target (down from $12.50) on shares of Cogint in a research note on Thursday, November 9th.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Cogint by 31.5% during the second quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after buying an additional 23,769 shares during the period. Deutsche Bank AG increased its stake in shares of Cogint by 141.0% during the fourth quarter. Deutsche Bank AG now owns 45,423 shares of the technology company’s stock worth $199,000 after buying an additional 26,579 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Cogint during the fourth quarter worth approximately $303,000. Hedge funds and other institutional investors own 8.15% of the company’s stock.
Shares of Cogint (NASDAQ COGT) traded up $0.15 during trading hours on Monday, reaching $3.20. 670,854 shares of the company’s stock were exchanged, compared to its average volume of 1,178,018. 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 stock has a market capitalization of $209.69, a price-to-earnings ratio of -3.37 and a beta of 0.12. Cogint has a one year low of $2.60 and a one year high of $6.95.
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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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