Cogint, Inc. (NASDAQ:COGT) – Equities researchers at Barrington Research issued their Q2 2018 earnings estimates for shares of Cogint in a research report issued on Thursday, April 12th. Barrington Research analyst J. Goss forecasts that the technology company will post earnings of $0.00 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $4.00 price target on the stock. Barrington Research also issued estimates for Cogint’s Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.05 EPS, Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.01 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.17 EPS.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Cogint from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. ValuEngine lowered Cogint from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Chardan Capital set a $7.00 price objective on Cogint and gave the company a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $5.75.
Cogint (NASDAQ:COGT) last issued its earnings results on Wednesday, March 14th. The technology company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.10. The business had revenue of $59.23 million for the quarter, compared to analyst estimates of $60.93 million. Cogint had a negative return on equity of 18.16% and a negative net margin of 24.16%.
An institutional investor recently raised its position in Cogint stock. Deutsche Bank AG grew its holdings in shares of Cogint, Inc. (NASDAQ:COGT) by 141.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,423 shares of the technology company’s stock after acquiring an additional 26,579 shares during the period. Deutsche Bank AG owned about 0.07% of Cogint worth $199,000 as of its most recent SEC filing. Institutional investors own 7.52% of the company’s stock.
In other Cogint news, CEO Ryan Schulke bought 100,000 shares of the stock in a transaction dated Wednesday, March 28th. The stock was bought at an average cost of $2.58 per share, for a total transaction of $258,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,264,537 shares of the company’s stock, valued at $16,162,505.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Matthew Conlin bought 13,100 shares of the stock in a transaction dated Wednesday, March 28th. The shares were acquired at an average price of $2.60 per share, with a total value of $34,060.00. Following the completion of the purchase, the president now directly owns 4,437,980 shares of the company’s stock, valued at $11,538,748. The disclosure for this purchase can be found here. Insiders acquired 235,100 shares of company stock worth $647,460 over the last three months. 54.10% of the stock is currently owned by corporate insiders.
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Cogint Company Profile
Cogint, Inc, a data and analytics company, provides cloud-based information and performance marketing solutions to enterprises in various industries in the United States. It operates in two segments, Information Services and Performance Marketing. The Information Services segment provides solutions to organizations in the risk management and consumer marketing industries.
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