Somewhat Positive Press Coverage Somewhat Unlikely to Impact I.D. Systems (NASDAQ:IDSY) Stock Price

Headlines about I.D. Systems (NASDAQ:IDSY) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. I.D. Systems earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 46.0594975577211 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of IDSY traded down $0.02 during midday trading on Friday, reaching $6.52. The stock had a trading volume of 8,593 shares, compared to its average volume of 42,723. I.D. Systems has a 52 week low of $5.50 and a 52 week high of $8.05.

I.D. Systems (NASDAQ:IDSY) last announced its earnings results on Thursday, March 1st. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $11.17 million for the quarter, compared to analyst estimates of $11.42 million. I.D. Systems had a negative return on equity of 18.97% and a negative net margin of 9.45%. research analysts forecast that I.D. Systems will post -0.08 EPS for the current year.

A number of analysts have recently commented on IDSY shares. Roth Capital raised I.D. Systems from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, March 9th. Lake Street Capital reissued a “buy” rating and issued a $9.50 price objective (up previously from $8.50) on shares of I.D. Systems in a research note on Friday, March 2nd. Ladenburg Thalmann Financial Services started coverage on I.D. Systems in a research note on Wednesday, March 28th. They issued a “buy” rating and a $10.00 price objective on the stock. TheStreet raised I.D. Systems from a “d” rating to a “c-” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. I.D. Systems has a consensus rating of “Buy” and an average target price of $9.05.

In other news, major shareholder Emancipation Management Llc sold 25,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $6.90, for a total transaction of $172,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.17% of the stock is owned by insiders.

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About I.D. Systems

I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets.

Insider Buying and Selling by Quarter for I.D. Systems (NASDAQ:IDSY)

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