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.
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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