Brokerages Expect Cogint, Inc. (COGT) to Announce ($0.16) Earnings Per Share

Cogint, Inc. (NASDAQ:COGT) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $6.88 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also assigned Cogint an industry rank of 96 out of 265 based on the ratings given to related companies.

COGT has been the topic of several research reports. Zacks Investment Research downgraded Cogint from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Chardan Capital restated a “buy” rating and issued a $7.00 target price (down previously from $12.50) on shares of Cogint in a research report on Thursday, November 9th.

In related news, insider Matthew Conlin acquired 20,000 shares of Cogint stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $2.81 per share, for a total transaction of $56,200.00. Following the completion of the transaction, the insider now owns 2,828,235 shares in the company, valued at approximately $7,947,340.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Brauser acquired 18,000 shares of Cogint stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $3.65 per share, for a total transaction of $65,700.00. Following the transaction, the director now owns 329,235 shares of the company’s stock, valued at approximately $1,201,707.75. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 155,037 shares of company stock worth $483,003. Company insiders own 53.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in Cogint by 31.5% during the second quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after buying an additional 23,769 shares in the last quarter. Virtu Financial LLC purchased a new position in Cogint during the fourth quarter worth approximately $303,000. Finally, Deutsche Bank AG lifted its position in Cogint by 141.0% during the fourth quarter. Deutsche Bank AG now owns 45,423 shares of the technology company’s stock worth $199,000 after buying an additional 26,579 shares in the last quarter. Hedge funds and other institutional investors own 8.05% of the company’s stock.

Cogint (COGT) opened at $3.35 on Monday. The stock has a market capitalization of $206.41, a P/E ratio of -3.53 and a beta of 0.12. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Cogint has a 1 year low of $2.60 and a 1 year high of $6.95.

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Cogint 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.

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