Shares of Cogint, Inc. (NASDAQ:COGT) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment 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 213 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cogint from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Chardan Capital reissued 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.
Shares of Cogint (COGT) traded up $0.05 on Tuesday, hitting $4.90. 1,239,491 shares of the company were exchanged, compared to its average volume of 873,848. 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 12-month low of $3.15 and a 12-month high of $6.95. The stock has a market capitalization of $289.44, a price-to-earnings ratio of -5.16 and a beta of 0.20.
Cogint (NASDAQ:COGT) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.09). Cogint had a negative net margin of 24.45% and a negative return on equity of 17.78%. The firm had revenue of $57.25 million during the quarter, compared to analysts’ expectations of $62.24 million. During the same period in the prior year, the company posted ($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 EPS for the current year.
In related news, Director Phillip Md Et Al Frost bought 20,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of $4.11 per share, with a total value of $82,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Brauser bought 18,000 shares of the stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $3.65 per share, with a total value of $65,700.00. Following the purchase, the director now owns 329,235 shares of the company’s stock, valued at $1,201,707.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 70,237 shares of company stock valued at $279,326. 54.10% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Cogint stock. Bank of New York Mellon Corp boosted its stake in shares of 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 and Exchange Commission (SEC). The firm 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 SEC filing. 8.86% of the stock is currently owned by institutional investors.
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Cogint Company Profile
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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