IDI, Inc. (COGT) Rating Reiterated by Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of IDI, Inc. (NASDAQ:COGT) in a report published on Thursday, MarketBeat reports. The firm currently has a $7.00 price target on the technology company’s stock, down from their previous price target of $12.50.

A number of other brokerages have also recently commented on COGT. Zacks Investment Research cut shares of IDI from a hold rating to a sell rating in a research note on Tuesday, July 18th. Roth Capital set a $8.00 price objective on shares of IDI and gave the stock a buy rating in a research note on Tuesday, August 8th.

Shares of IDI (NASDAQ COGT) traded down $0.10 during trading hours on Thursday, reaching $4.25. 227,600 shares of the company traded hands, compared to its average volume of 229,022. IDI has a one year low of $3.05 and a one year high of $6.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.60.

IDI (NASDAQ:COGT) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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%. IDI’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) EPS. analysts forecast that IDI will post -0.86 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of IDI by 25.6% during the 1st quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock valued at $350,000 after buying an additional 15,384 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of IDI by 1,009.3% during the 1st quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock valued at $276,000 after buying an additional 53,874 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of IDI during the 1st quarter valued at approximately $179,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of IDI by 328.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock valued at $480,000 after buying an additional 79,100 shares in the last quarter. 9.02% of the stock is currently owned by institutional investors and hedge funds.

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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