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.

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About IDI

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.

Earnings History and Estimates for IDI (NASDAQ:COGT)

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