IDI, Inc. (COGT) Chairman Michael Brauser Acquires 7,000 Shares

IDI, Inc. (NASDAQ:COGT) Chairman Michael Brauser acquired 7,000 shares of IDI stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $4.23 per share, with a total value of $29,610.00. Following the completion of the acquisition, the chairman now owns 329,235 shares of the company’s stock, valued at approximately $1,392,664.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

IDI, Inc. (COGT) opened at $4.35 on Tuesday. IDI, Inc. has a 1-year low of $3.05 and a 1-year 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 issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.09). The firm 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 business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. research analysts predict that IDI, Inc. will post -0.86 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on the company. Roth Capital set a $8.00 price objective on IDI and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut IDI from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Chardan Capital reaffirmed a “buy” rating and set a $7.00 price objective (down from $12.50) on shares of IDI in a report on Thursday, November 9th.

A number of hedge funds have recently modified their holdings of COGT. Parametric Portfolio Associates LLC purchased a new position in IDI during the first quarter worth $179,000. Wells Fargo & Company MN increased its position in IDI by 1,009.3% during the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares in the last quarter. Bank of New York Mellon Corp increased its position in IDI by 25.6% during the first quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock worth $350,000 after buying an additional 15,384 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position 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 worth $480,000 after buying an additional 79,100 shares in the last quarter. 9.02% of the stock is owned by hedge funds and other institutional investors.

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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