Cogint, Inc. (NASDAQ:COGT) announced its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. Cogint had a negative return on equity of 24.35% and a negative net margin of 39.27%. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $53.53 million. During the same period last year, the business posted $10.80 EPS. The company’s revenue was up 401.9% on a year-over-year basis.
Cogint (NASDAQ:COGT) traded up 6.38% during mid-day trading on Friday, hitting $5.00. The company had a trading volume of 298,994 shares. The stock’s 50 day moving average price is $3.63 and its 200 day moving average price is $3.83. The firm’s market cap is $268.96 million. Cogint has a 52-week low of $2.90 and a 52-week high of $6.22.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Cogint from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Monday, January 16th. Chardan Capital restated a “buy” rating and issued a $12.50 price target on shares of Cogint in a research note on Monday, March 13th.
In other news, COO Harry Baker Jordan III acquired 10,000 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were purchased at an average price of $3.39 per share, for a total transaction of $33,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Swayman acquired 50,000 shares of the business’s stock in a transaction on Friday, January 20th. The shares were purchased at an average price of $3.12 per share, for a total transaction of $156,000.00. The disclosure for this purchase can be found here. Insiders have acquired 382,000 shares of company stock worth $1,241,330 in the last 90 days. 53.60% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Cogint stock. NF Trinity Capital Hong Kong Ltd bought a new position in shares of Cogint, Inc. (NASDAQ:COGT) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 194,799 shares of the company’s stock, valued at approximately $992,000. NF Trinity Capital Hong Kong Ltd owned about 0.38% of Cogint at the end of the most recent reporting period. 6.12% of the stock is currently owned by institutional investors and hedge funds.
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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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