Cogint, Inc. (COGT) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Cogint, Inc. (NASDAQ:COGT) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $6.88 for the company and are expecting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also given Cogint an industry rank of 185 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on COGT shares. Chardan Capital reaffirmed a “buy” rating and issued a $7.00 price target (down from $12.50) on shares of Cogint in a research note on Thursday, November 9th. Zacks Investment Research raised Cogint from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd.

Shares of Cogint (COGT) traded down $0.25 during mid-day trading on Friday, reaching $3.65. The company had a trading volume of 460,002 shares, compared to its average volume of 1,345,967. The stock has a market capitalization of $255.56, a PE ratio of -3.92 and a beta of 0.20. Cogint has a 12 month low of $3.15 and a 12 month high of $6.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60.

Cogint (NASDAQ:COGT) last issued its quarterly 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 firm had revenue of $57.25 million during the quarter, compared to analysts’ expectations of $62.24 million. Cogint had a negative return on equity of 17.78% and a negative net margin of 24.45%. Cogint’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.19) earnings per share. equities research analysts predict that Cogint will post -1.02 earnings per share for the current year.

In related news, Director Michael Brauser bought 18,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of $3.65 per share, with a total value of $65,700.00. Following the completion of the purchase, the director now owns 329,235 shares in the company, valued at approximately $1,201,707.75. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Phillip Md Et Al Frost bought 20,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 70,237 shares of company stock worth $279,326. Insiders own 54.10% of the company’s stock.

A hedge fund recently raised its stake in Cogint stock. Bank of New York Mellon Corp increased its holdings in shares of Cogint, Inc. (NASDAQ:COGT) by 31.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,206 shares of the technology company’s stock after purchasing an additional 23,769 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Cogint worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.06% of the company’s stock.

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About Cogint

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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