Cogint (NASDAQ:COGT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $4.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.68% from the stock’s current price.
According to Zacks, “Cogint, Inc. is involved in data analytics products and services. The Company offers cloud-based mobile user and data acquisition, audience, risk management and marketing solutions to the risk management industry. Cogint Inc., formerly known as IDI Inc., is based in Beverly Hills, United States. “
Other equities research analysts have also issued research reports about the company. ValuEngine lowered Cogint from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Barrington Research restated a “buy” rating and issued a $4.00 price objective on shares of Cogint in a research report on Monday, February 26th. Finally, Chardan Capital set a $7.00 price objective on Cogint and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $5.75.
Shares of Cogint (COGT) opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.74 and a quick ratio of 1.60. Cogint has a 52-week low of $2.50 and a 52-week high of $6.95. The company has a market capitalization of $263.02, a P/E ratio of -3.70 and a beta of 0.43.
In other Cogint news, insider Matthew Conlin bought 20,000 shares of Cogint stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average cost of $2.81 per share, with a total value of $56,200.00. Following the purchase, the insider now directly owns 2,828,235 shares in the company, valued at approximately $7,947,340.35. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Schulke bought 100,000 shares of Cogint stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $2.93 per share, with a total value of $293,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 122,000 shares of company stock worth $355,400. Insiders own 53.30% of the company’s stock.
An institutional investor recently raised its position in Cogint stock. Deutsche Bank AG lifted its holdings in shares of Cogint, Inc. (NASDAQ:COGT) by 141.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,423 shares of the technology company’s stock after buying an additional 26,579 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Cogint worth $199,000 as of its most recent SEC filing. Institutional investors own 8.27% of the company’s stock.
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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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