Brokerages Expect Cogint, Inc. (COGT) to Announce ($0.16) EPS

Shares of Cogint, Inc. (NASDAQ:COGT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $6.88 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also assigned Cogint an industry rank of 102 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently commented on COGT shares. Chardan Capital reaffirmed a “buy” rating and set a $7.00 target price (down previously from $12.50) on shares of Cogint in a report on Thursday, November 9th. Zacks Investment Research downgraded Cogint from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.

Shares of Cogint (NASDAQ:COGT) traded up $0.10 during midday trading on Thursday, reaching $4.10. The company’s stock had a trading volume of 230,975 shares, compared to its average volume of 235,615. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.60 and a quick ratio of 1.60. Cogint has a fifty-two week low of $3.15 and a fifty-two week high of $6.30.

Cogint (NASDAQ:COGT) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). Cogint had a negative return on equity of 17.78% and a negative net margin of 24.45%. The firm had revenue of $57.25 million for the quarter, compared to analyst estimates of $62.24 million. During the same period last year, the firm earned ($0.19) EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts anticipate that Cogint will post -1.02 earnings per share for the current year.

In related news, Director Michael Brauser purchased 18,000 shares of Cogint stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average cost of $3.65 per share, for a total transaction of $65,700.00. Following the completion of the transaction, the director now owns 329,235 shares in the company, valued at $1,201,707.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip Md Et Al Frost purchased 20,000 shares of Cogint stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $4.11 per share, with a total value of $82,200.00. The disclosure for this purchase can be found here. Insiders have purchased 70,237 shares of company stock valued at $279,326 in the last ninety days. Corporate insiders own 53.30% of the company’s stock.

A hedge fund recently raised its stake in Cogint stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Cogint, Inc. (NASDAQ:COGT) by 328.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,200 shares of the technology company’s stock after acquiring an additional 79,100 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.19% of Cogint worth $480,000 at the end of the most recent reporting period. 8.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Cogint

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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