Cogint, Inc. (COGT) Given $6.88 Consensus Target Price by Brokerages

Shares of Cogint, Inc. (NASDAQ:COGT) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $6.88 for the company and are forecasting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also given Cogint an industry rank of 213 out of 265 based on the ratings given to related companies.

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

In other news, Chairman Michael Brauser purchased 7,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $4.23 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Phillip Md Et Al Frost purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $4.11 per share, for a total transaction of $82,200.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 70,237 shares of company stock worth $279,326. Corporate insiders own 54.10% of the company’s stock.

A hedge fund recently raised its stake in Cogint stock. Bank of New York Mellon Corp grew its position in shares of Cogint, Inc. (NASDAQ:COGT) by 31.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,206 shares of the technology company’s stock after buying an additional 23,769 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Cogint worth $500,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 8.86% of the company’s stock.

Shares of Cogint (NASDAQ COGT) traded up $0.05 on Tuesday, reaching $4.90. 1,239,491 shares of the company’s stock were exchanged, compared to its average volume of 873,848. The stock has a market capitalization of $289.44, a PE ratio of -5.16 and a beta of 0.20. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. Cogint has a twelve month low of $3.15 and a twelve month high of $6.95.

Cogint (NASDAQ:COGT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). The business had revenue of $57.25 million during the quarter, compared to analysts’ expectations of $62.24 million. Cogint had a negative return on equity of 17.78% and a negative net margin of 24.45%. Cogint’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.19) EPS. sell-side analysts forecast that Cogint will post -1.02 EPS for the current fiscal year.

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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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