Insider Buying: IDI, Inc. (COGT) Insider Purchases $30,675.00 in Stock

IDI, Inc. (NASDAQ:COGT) insider Michael Brauser acquired 7,500 shares of IDI stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $4.09 per share, with a total value of $30,675.00. Following the completion of the purchase, the insider now owns 329,235 shares in the company, valued at approximately $1,346,571.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Brauser also recently made the following trade(s):

  • On Friday, November 10th, Michael Brauser acquired 700 shares of IDI stock. The stock was purchased at an average cost of $4.34 per share, with a total value of $3,038.00.
  • On Monday, November 13th, Michael Brauser acquired 7,000 shares of IDI stock. The stock was purchased at an average cost of $4.23 per share, with a total value of $29,610.00.

IDI, Inc. (NASDAQ COGT) traded down $0.03 during midday trading on Friday, reaching $3.95. The company had a trading volume of 363,049 shares, compared to its average volume of 187,034. IDI, Inc. has a 1 year low of $3.05 and a 1 year high of $6.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60.

IDI (NASDAQ:COGT) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.09). The company had revenue of $57.25 million during the quarter, compared to analysts’ expectations of $62.24 million. IDI had a negative net margin of 24.45% and a negative return on equity of 17.78%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) earnings per share. sell-side analysts forecast that IDI, Inc. will post -0.96 earnings per share for the current year.

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COGT has been the subject of several recent research reports. Roth Capital set a $8.00 price objective on IDI and gave the company a “buy” rating in a research note on Tuesday, August 8th. Chardan Capital reissued a “buy” rating and issued a $7.00 price objective (down from $12.50) on shares of IDI in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised IDI from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.

A number of large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its holdings in IDI by 328.2% in 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. Bank of New York Mellon Corp grew its holdings in IDI by 31.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock valued at $500,000 after buying an additional 23,769 shares in the last quarter. Wells Fargo & Company MN grew its holdings in IDI by 1,009.3% in 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. Finally, Parametric Portfolio Associates LLC purchased a new stake in IDI in the 1st quarter valued at $179,000. Institutional investors own 9.02% of the company’s stock.

About IDI

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.

Insider Buying and Selling by Quarter for IDI (NASDAQ:COGT)

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