Zacks: Cogint, Inc. (COGT) Given Consensus Recommendation of “Strong Buy” by Brokerages

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

Brokers have set a 1 year consensus price objective of $6.22 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Cogint an industry rank of 85 out of 265 based on the ratings given to related companies.

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A number of equities analysts have commented on COGT shares. Chardan Capital set a $7.00 price objective on shares of Cogint and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Barrington Research restated a “buy” rating and set a $4.00 price objective on shares of Cogint in a research report on Monday, February 26th. ValuEngine downgraded shares of Cogint from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Cogint from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th.

Shares of Cogint stock opened at $2.75 on Thursday. The firm has a market cap of $198.16, a price-to-earnings ratio of -3.82 and a beta of 0.12. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.27. Cogint has a one year low of $2.20 and a one year high of $52.13.

Cogint (NASDAQ:COGT) last announced its quarterly earnings data on Wednesday, March 14th. The technology company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.10. The company had revenue of $59.23 million during the quarter, compared to the consensus estimate of $60.93 million. Cogint had a negative net margin of 24.16% and a negative return on equity of 18.16%. equities research analysts forecast that Cogint will post -0.27 earnings per share for the current year.

In related news, insider Matthew Conlin purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $2.81 per share, for a total transaction of $56,200.00. Following the acquisition, the insider now directly owns 2,828,235 shares of the company’s stock, valued at approximately $7,947,340.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Schulke purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was bought at an average price of $2.58 per share, with a total value of $258,000.00. Following the acquisition, the chief executive officer now directly owns 6,264,537 shares in the company, valued at $16,162,505.46. The disclosure for this purchase can be found here. Insiders bought a total of 235,100 shares of company stock valued at $647,460 in the last quarter. Insiders own 53.30% of the company’s stock.

A hedge fund recently raised its stake in Cogint stock. Deutsche Bank AG increased its stake in Cogint, Inc. (NASDAQ:COGT) by 141.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,423 shares of the technology company’s stock after purchasing an additional 26,579 shares during the quarter. Deutsche Bank AG owned 0.07% of Cogint worth $199,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.52% of the company’s stock.

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About Cogint

Cogint, Inc, a data and analytics company, provides cloud-based information and performance marketing solutions to enterprises in various industries in the United States. It operates in two segments, Information Services and Performance Marketing. The Information Services segment provides solutions to organizations in the risk management and consumer marketing industries.

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