Cogint (COGT) Shares Gap Down to $5.45

Shares of Cogint, Inc. (NASDAQ:COGT) gapped down before the market opened on Friday . The stock had previously closed at $5.95, but opened at $5.45. Cogint shares last traded at $4.85, with a volume of 3550700 shares.

A number of analysts have commented on COGT shares. Chardan Capital reissued a “buy” rating and set a $7.00 price objective (down from $12.50) on shares of Cogint in a report on Thursday, November 9th. Zacks Investment Research raised Cogint from a “sell” rating to a “hold” rating in a report on Monday, October 23rd.

The firm has a market capitalization of $289.44, a price-to-earnings ratio of -5.11 and a beta of 0.20. 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 (NASDAQ:COGT) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.09). The business had revenue of $57.25 million during the quarter, compared to the consensus estimate of $62.24 million. Cogint had a negative net margin of 24.45% and a negative return on equity of 17.78%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) earnings per share. equities analysts anticipate that Cogint, Inc. will post -1.02 EPS for the current fiscal year.

In other Cogint news, Chairman Michael Brauser bought 7,000 shares of Cogint stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $4.23 per share, with a total value of $29,610.00. Following the completion of the acquisition, the chairman now directly owns 329,235 shares in the company, valued at approximately $1,392,664.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip Md Et Al Frost bought 20,000 shares of Cogint stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $4.11 per share, with a total value of $82,200.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 70,237 shares of company stock valued at $279,326. 54.10% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Cogint stock. Bank of New York Mellon Corp increased its holdings in Cogint, Inc. (NASDAQ:COGT) by 31.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,206 shares of the technology company’s stock after acquiring an additional 23,769 shares during the period. Bank of New York Mellon Corp owned about 0.18% of Cogint worth $500,000 at the end of the most recent quarter. Institutional investors own 8.86% of the company’s stock.

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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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