I.D. Systems, Inc. (IDSY) Receives $9.32 Average PT from Brokerages

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Shares of I.D. Systems, Inc. (NASDAQ:IDSY) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.32.

Several equities analysts recently issued reports on IDSY shares. Zacks Investment Research downgraded shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. LADENBURG THALM/SH SH reissued a “buy” rating and set a $10.00 price objective on shares of I.D. Systems in a research note on Wednesday, September 12th. National Securities started coverage on shares of I.D. Systems in a research note on Monday, August 27th. They set a “buy” rating and a $8.60 price objective on the stock. Finally, ValuEngine downgraded shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th.

In related news, major shareholder Neil S. Subin sold 47,679 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $6.25, for a total transaction of $297,993.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 49,145 shares of company stock worth $307,306 in the last three months. Insiders own 8.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in IDSY. Cannell Peter B & Co. Inc. acquired a new position in I.D. Systems during the second quarter worth approximately $186,000. 22NW LP acquired a new position in I.D. Systems during the third quarter worth approximately $525,000. Fairpointe Capital LLC increased its position 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 purchasing an additional 50,748 shares during the last quarter. Ardsley Advisory Partners increased its position 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 purchasing an additional 51,200 shares during the last quarter. Finally, Cannell Capital LLC increased its position 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 purchasing an additional 377,830 shares during the last quarter. 46.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ IDSY opened at $5.88 on Wednesday. I.D. Systems has a 12-month low of $5.37 and a 12-month high of $8.05.

I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings data on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $14.81 million for 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, sell-side analysts forecast that I.D. Systems will post -0.15 EPS for the current year.

I.D. Systems Company Profile

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.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for I.D. Systems (NASDAQ:IDSY)

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