Jeffrey Alan Dell Acquires 4,000 Shares of IDI, Inc. (COGT) Stock
IDI, Inc. (NASDAQ:COGT) insider Jeffrey Alan Dell acquired 4,000 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $3.95 per share, with a total value of $15,800.00. Following the completion of the purchase, the insider now owns 42,428 shares of the company’s stock, valued at $167,590.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
IDI, Inc. (NASDAQ:COGT) opened at $4.60 on Wednesday. IDI, Inc. has a twelve month low of $3.05 and a twelve month high of $6.30. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.
IDI (NASDAQ:COGT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.09). IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The firm had revenue of $57.25 million for the quarter, compared to the consensus estimate of $62.24 million. During the same period last year, the company posted ($0.19) earnings per share. IDI’s revenue for the quarter was up 9.7% on a year-over-year basis. analysts predict that IDI, Inc. will post -0.96 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in COGT. Schwab Charles Investment Management Inc. grew its holdings in IDI by 328.2% during 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 period. Parametric Portfolio Associates LLC bought a new position in shares of IDI in the first quarter worth $179,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of IDI by 31.5% in the second quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after acquiring an additional 23,769 shares during the period. 8.04% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered IDI from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Chardan Capital reaffirmed a “buy” rating and issued a $7.00 target price (down from $12.50) on shares of IDI in a report on Thursday, November 9th. Finally, Roth Capital set a $8.00 target price on IDI and gave the company a “buy” rating in a report on Tuesday, August 8th.
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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