Parametric Portfolio Associates LLC acquired a new stake in shares of IDI, Inc. (NASDAQ:COGT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,402 shares of the technology company’s stock, valued at approximately $179,000. Parametric Portfolio Associates LLC owned about 0.07% of IDI as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in COGT. Bank of New York Mellon Corp increased its position in shares of 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 valued at $350,000 after buying an additional 15,384 shares during the period. Wells Fargo & Company MN increased its position in shares of IDI by 1,009.3% in the first 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 during the period. Finally, WealthTrust Axiom LLC acquired a new position in shares of IDI during the first quarter valued at approximately $418,000. 8.52% of the stock is currently owned by institutional investors.
IDI, Inc. (NASDAQ:COGT) opened at 4.65 on Friday. The company’s market cap is $256.72 million. IDI, Inc. has a 12 month low of $2.90 and a 12 month high of $6.22. The firm has a 50-day moving average price of $4.76 and a 200 day moving average price of $4.59.
Several equities analysts have commented on the company. Zacks Investment Research downgraded IDI from a “hold” rating to a “sell” rating in a research report on Tuesday. Roth Capital assumed coverage on IDI in a research report on Thursday, June 29th. They issued a “buy” rating and a $7.65 price objective on the stock.
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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