I.D. Systems, Inc. (NASDAQ:IDSY) has been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.32.
A number of research firms have recently commented on IDSY. Zacks Investment Research downgraded shares of I.D. Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. National Securities began coverage on shares of I.D. Systems in a report on Monday, August 27th. They set a “buy” rating and a $8.60 price objective for the company. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $10.00 price objective on shares of I.D. Systems in a report on Wednesday, September 12th. Finally, ValuEngine downgraded shares of I.D. Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 19th.
NASDAQ:IDSY opened at $5.96 on Wednesday. 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 quarterly earnings data on Wednesday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $14.50 million. I.D. Systems had a negative net margin of 7.07% and a negative return on equity of 9.52%. As a group, equities research analysts expect that I.D. Systems will post -0.15 earnings per share for the current fiscal year.
In other news, major shareholder Neil S. Subin sold 47,679 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $6.25, for a total transaction of $297,993.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 49,145 shares of company stock valued at $307,306 over the last ninety days. 8.60% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in IDSY. Cannell Peter B & Co. Inc. acquired a new stake in shares of I.D. Systems during the 2nd quarter worth about $186,000. Fairpointe Capital LLC increased its position in shares of I.D. Systems by 68.8% during the 2nd quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after purchasing an additional 50,748 shares in the last quarter. Ardsley Advisory Partners increased its position in shares of I.D. Systems by 13.2% during the 2nd quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after purchasing an additional 51,200 shares in the last quarter. Finally, Cannell Capital LLC increased its position in shares of I.D. Systems by 22.2% during the 2nd quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after purchasing an additional 377,830 shares in the last quarter. 46.43% of the stock is owned by institutional investors.
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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