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.
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.
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