Barrington Research Comments on IDI, Inc.’s FY2019 Earnings (COGT)
IDI, Inc. (NASDAQ:COGT) – Equities research analysts at Barrington Research decreased their FY2019 earnings per share (EPS) estimates for IDI in a note issued to investors on Tuesday. Barrington Research analyst J. Goss now anticipates that the technology company will post earnings per share of $0.15 for the year, down from their previous forecast of $0.25.
A number of other analysts have also commented on COGT. Zacks Investment Research raised shares of IDI from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Roth Capital set a $8.00 price objective on shares of IDI and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Chardan Capital reiterated a “buy” rating and set a $7.00 price target (down previously from $12.50) on shares of IDI in a report on Thursday, November 9th.
Shares of IDI (NASDAQ COGT) traded down $0.08 on Thursday, reaching $4.45. 144,670 shares of the company were exchanged, compared to its average volume of 261,242. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. IDI has a 12-month low of $3.05 and a 12-month high of $6.30.
IDI (NASDAQ:COGT) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). IDI had a negative return on equity of 17.78% and a negative net margin of 24.45%. The firm had revenue of $57.25 million during the quarter, compared to analyst estimates of $62.24 million. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was up 9.7% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of COGT. Parametric Portfolio Associates LLC acquired a new position in IDI in the 1st quarter valued at $179,000. Bank of New York Mellon Corp lifted its position in shares of IDI by 25.6% during the 1st quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock worth $350,000 after buying an additional 15,384 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in IDI 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 purchasing an additional 79,100 shares during the last quarter. Institutional investors and hedge funds own 8.04% of the company’s stock.
In other IDI news, insider Michael Brauser acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $4.09 per share, for a total transaction of $30,675.00. Following the transaction, the insider now owns 329,235 shares of the company’s stock, valued at $1,346,571.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip Md Et Al Frost bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. Insiders purchased 39,200 shares of company stock valued at $161,323 over the last ninety days. 53.30% of the stock is currently owned by company insiders.
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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