Wells Fargo & Company MN boosted its stake in IDI, Inc. (NASDAQ:COGT) by 1,009.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,212 shares of the technology company’s stock after buying an additional 53,874 shares during the period. Wells Fargo & Company MN owned 0.11% of IDI worth $276,000 at the end of the most recent reporting period.
Separately, WealthTrust Axiom LLC bought a new position in IDI during the first quarter valued at $418,000. Institutional investors and hedge funds own 8.46% of the company’s stock.
IDI, Inc. (NASDAQ COGT) opened at 4.45 on Friday. IDI, Inc. has a 1-year low of $2.90 and a 1-year high of $6.22. The company’s market capitalization is $243.78 million. The stock has a 50 day moving average price of $4.80 and a 200-day moving average price of $4.52.
IDI (NASDAQ:COGT) last issued its earnings results on Tuesday, May 9th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.09. The company had revenue of $50.80 million for the quarter, compared to analysts’ expectations of $50.29 million. IDI had a negative net margin of 17.68% and a negative return on equity of 12.16%. IDI’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) EPS. Equities analysts predict that IDI, Inc. will post ($0.50) earnings per share for the current year.
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Several equities analysts have weighed in on COGT shares. Zacks Investment Research upgraded IDI from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, May 22nd. Roth Capital started coverage on IDI in a report on Thursday, June 29th. They set a “buy” rating and a $7.65 target price on the stock.
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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