I.D. Systems, Inc. (NASDAQ:IDSY) has received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $9.32.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. LADENBURG THALM/SH SH restated a “buy” rating and issued a $10.00 price objective on shares of I.D. Systems in a research note on Wednesday, September 12th. National Securities assumed coverage on shares of I.D. Systems in a research note on Monday, August 27th. They issued a “buy” rating and a $8.60 price objective on the stock. Finally, ValuEngine lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th.
In other news, major shareholder Neil S. Subin sold 47,679 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 49,145 shares of company stock worth $307,306. 8.60% of the stock is currently owned by company insiders.
Shares of IDSY opened at $5.88 on Wednesday. I.D. Systems has a 1-year low of $5.37 and a 1-year high of $8.05.
I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $14.50 million. I.D. Systems had a negative net margin of 7.07% and a negative return on equity of 9.52%. Sell-side analysts forecast that I.D. Systems will post -0.15 EPS for the current fiscal year.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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