IDI, Inc. (COGT) Director Acquires $82,200.00 in Stock

IDI, Inc. (NASDAQ:COGT) Director Phillip Md Et Al Frost bought 20,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $4.11 per share, for a total transaction of $82,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IDI, Inc. (NASDAQ COGT) opened at $4.15 on Monday. 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, Inc. has a 1 year low of $3.05 and a 1 year high of $6.30.

IDI (NASDAQ:COGT) last issued its earnings results 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). The company had revenue of $57.25 million for the quarter, compared to analyst estimates of $62.24 million. IDI had a negative return on equity of 17.78% and a negative net margin of 24.45%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. analysts forecast that IDI, Inc. will post -1.02 earnings per share for the current year.

Several research analysts have weighed in on COGT shares. Zacks Investment Research upgraded shares of IDI from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Roth Capital set a $8.00 target price on shares of IDI and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, Chardan Capital restated a “buy” rating and set a $7.00 target price (down from $12.50) on shares of IDI in a research report on Thursday, November 9th.

Several hedge funds have recently added to or reduced their stakes in COGT. Schwab Charles Investment Management Inc. grew its position in shares of 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. Wells Fargo & Company MN grew its position in shares of IDI by 1,009.3% in the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after purchasing an additional 53,874 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new stake in shares of IDI in the first quarter valued at approximately $179,000. Finally, Bank of New York Mellon Corp grew its position 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 valued at $500,000 after purchasing an additional 23,769 shares during the last quarter. Institutional investors and hedge funds own 8.86% of the company’s stock.

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IDI Company Profile

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.

Insider Buying and Selling by Quarter for IDI (NASDAQ:COGT)

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