BidaskClub upgraded shares of IDT Corporation (NYSE:IDT) from a hold rating to a buy rating in a research note published on Saturday.
Separately, TheStreet raised IDT Corporation from a c+ rating to a b- rating in a report on Friday, June 16th.
IDT Corporation (NYSE:IDT) opened at 15.16 on Friday. The stock has a market capitalization of $376.51 million, a price-to-earnings ratio of 12.04 and a beta of 1.13. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The firm’s 50-day moving average is $14.81 and its 200-day moving average is $15.91.
In related news, Chairman Howard S. Jonas purchased 1,000,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judah Schorr purchased 4,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were bought at an average price of $14.29 per share, with a total value of $57,160.00. Following the purchase, the director now directly owns 69,287 shares of the company’s stock, valued at $990,111.23. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,037,000 shares of company stock valued at $15,463,460. 12.80% of the stock is owned by company insiders.
An institutional investor recently bought a new position in IDT Corporation stock. Foundry Partners LLC acquired a new stake in IDT Corporation (NYSE:IDT) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 233,945 shares of the utilities provider’s stock, valued at approximately $3,362,000. Foundry Partners LLC owned 0.94% of IDT Corporation at the end of the most recent quarter. 50.63% of the stock is owned by institutional investors and hedge funds.
IDT Corporation Company Profile
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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