I.D. Systems (IDSY) Earning Somewhat Favorable Media Coverage, Analysis Finds

Media headlines about I.D. Systems (NASDAQ:IDSY) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. I.D. Systems earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 46.0075966400947 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of I.D. Systems (NASDAQ:IDSY) traded down $0.09 on Thursday, reaching $7.60. 4,318 shares of the company’s stock were exchanged, compared to its average volume of 47,553. The stock has a market cap of $133.37, a price-to-earnings ratio of -20.00, a PEG ratio of 0.91 and a beta of 0.10. I.D. Systems has a 1-year low of $5.50 and a 1-year high of $8.03.

I.D. Systems (NASDAQ:IDSY) last announced its earnings results on Thursday, November 9th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $11.09 million during the quarter, compared to analyst estimates of $11.08 million. I.D. Systems had a negative net margin of 13.02% and a negative return on equity of 22.16%. equities research analysts anticipate that I.D. Systems will post -0.16 earnings per share for the current year.

IDSY has been the topic of several analyst reports. TheStreet raised I.D. Systems from a “d” rating to a “c-” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, B. Riley reiterated a “buy” rating and set a $8.50 target price on shares of I.D. Systems in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.17.

In other I.D. Systems news, major shareholder Emancipation Management Llc sold 25,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. 12.17% of the stock is currently owned by insiders.

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About I.D. Systems

I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.

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

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