Barrington Research Equities Analysts Lower Earnings Estimates for IDI, Inc. (COGT)

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.

WARNING: “Barrington Research Equities Analysts Lower Earnings Estimates for IDI, Inc. (COGT)” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://weekherald.com/2017/08/22/barrington-research-equities-analysts-lower-earnings-estimates-for-idi-inc-cogt.html.

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.




Receive News & Ratings for IDI Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for IDI Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

seven + eighteen =