Zacks Investment Research lowered shares of IDI, Inc. (NASDAQ:COGT) from a hold rating to a sell rating in a research report report published on Tuesday morning.

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. “

Several other brokerages have also recently commented on COGT. Roth Capital set a $8.00 price target on IDI and gave the company a buy rating in a research note on Tuesday, August 8th. Chardan Capital reissued a buy rating and issued a $7.00 price target (down previously from $12.50) on shares of IDI in a research note on Thursday, November 9th.

IDI (NASDAQ:COGT) traded down $0.03 during trading hours on Tuesday, reaching $3.95. The company’s stock had a trading volume of 363,049 shares, compared to its average volume of 230,539. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60. IDI has a 52 week low of $3.05 and a 52 week high of $6.30.

IDI (NASDAQ:COGT) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.09). The business had revenue of $57.25 million for the quarter, compared to analysts’ expectations of $62.24 million. IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.19) EPS. equities analysts forecast that IDI will post -0.91 earnings per share for the current fiscal year.

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In other news, Director Phillip Md Et Al Frost purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $4.11 per share, with a total value of $82,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Brauser purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $4.09 per share, with a total value of $30,675.00. Following the purchase, the insider now owns 329,235 shares in the company, valued at approximately $1,346,571.15. The disclosure for this purchase can be found here. In the last three months, insiders purchased 35,200 shares of company stock valued at $145,523. 53.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of IDI by 328.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after buying an additional 79,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in IDI by 31.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after purchasing an additional 23,769 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in IDI by 1,009.3% in the 1st quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after purchasing an additional 53,874 shares during the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in IDI in the 1st quarter worth approximately $179,000. 9.02% of the stock is owned by institutional investors and hedge funds.

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.

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