IDI, Inc. (NASDAQ:COGT) – Equities researchers at Barrington Research cut their FY2019 earnings per share estimates for shares of IDI in a report released on Monday. Barrington Research analyst J. Goss now forecasts that the technology company will earn $0.25 per share for the year, down from their prior estimate of $0.35.
COGT has been the topic of a number of other reports. Zacks Investment Research raised shares of IDI from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Monday, May 22nd. Roth Capital assumed coverage on shares of IDI in a research report on Thursday, June 29th. They set a “buy” rating and a $7.65 target price on the stock.
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IDI (NASDAQ:COGT) traded down 3.19% during midday trading on Tuesday, reaching $4.55. 64,767 shares of the company’s stock were exchanged. IDI has a 52 week low of $2.90 and a 52 week high of $6.22. The firm’s market capitalization is $251.20 million. The stock’s 50 day moving average is $4.75 and its 200 day moving average is $4.60.
Several hedge funds and other institutional investors have recently bought and sold shares of COGT. Dynamic Technology Lab Private Ltd purchased a new position in IDI during the first quarter worth approximately $119,000. Parametric Portfolio Associates LLC purchased a new position in IDI during the first quarter worth approximately $179,000. Wells Fargo & Company MN boosted its position in IDI by 1,009.3% in 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 during the last quarter. Bank of New York Mellon Corp boosted its position in IDI by 25.6% in 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 during the last quarter. Finally, WealthTrust Axiom LLC purchased a new position in IDI during the first quarter worth approximately $418,000. 8.52% 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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