I.D. Systems, Inc. (NASDAQ:IDSY) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.32.
Several equities analysts recently commented on the company. LADENBURG THALM/SH SH reiterated a “buy” rating and issued a $10.00 target price on shares of I.D. Systems in a research note on Wednesday, September 12th. National Securities assumed coverage on I.D. Systems in a research note on Monday, August 27th. They issued a “buy” rating and a $8.60 target price for the company. Zacks Investment Research lowered I.D. Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, ValuEngine upgraded I.D. Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th.
I.D. Systems stock opened at $6.25 on Tuesday. I.D. Systems has a 52 week low of $5.37 and a 52 week high of $8.05.
I.D. Systems (NASDAQ:IDSY) last released its earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $14.81 million during the quarter, compared to analyst estimates of $14.50 million. I.D. Systems had a negative return on equity of 9.52% and a negative net margin of 7.07%. analysts predict that I.D. Systems will post -0.15 EPS for the current fiscal year.
In other news, major shareholder Cannell Capital Llc purchased 9,315 shares of the company’s stock in a transaction on Friday, July 20th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $55,983.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 55,730 shares of company stock valued at $335,651 over the last 90 days. 8.60% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in IDSY. Cannell Capital LLC increased its stake in I.D. Systems by 22.2% during the second quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after acquiring an additional 377,830 shares during the last quarter. Archon Capital Management LLC increased its stake in I.D. Systems by 22.4% during the first quarter. Archon Capital Management LLC now owns 643,255 shares of the communications equipment provider’s stock worth $4,001,000 after acquiring an additional 117,578 shares during the last quarter. Ardsley Advisory Partners increased its stake in I.D. Systems by 13.2% during the second quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after acquiring an additional 51,200 shares during the last quarter. Fairpointe Capital LLC increased its stake in I.D. Systems by 68.8% during the second quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after acquiring an additional 50,748 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. acquired a new stake in I.D. Systems during the second quarter worth about $186,000. Institutional investors own 46.49% of the company’s stock.
About I.D. Systems
I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.
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