I.D. Systems, Inc. (NASDAQ:IDSY) Stock Rating Reaffirmed by B. Riley
I.D. Systems, Inc. (NASDAQ:IDSY)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued on Monday. They currently have a $7.75 target price on the communications equipment provider’s stock. B. Riley’s price objective would indicate a potential upside of 25.81% from the stock’s current price.
IDSY has been the subject of a number of other research reports. Roth Capital set a $9.00 price objective on shares of I.D. Systems and gave the company a “buy” rating in a research note on Tuesday, May 2nd. ValuEngine raised shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.67.
I.D. Systems (IDSY) opened at 6.16 on Monday. The firm’s 50-day moving average is $6.35 and its 200 day moving average is $6.12. The stock’s market cap is $83.53 million. I.D. Systems has a 52 week low of $4.26 and a 52 week high of $7.34.
In other I.D. Systems news, major shareholder Lloyd I. Miller III bought 260,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was purchased at an average price of $5.75 per share, with a total value of $1,495,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 12.17% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of IDSY. HighTower Advisors LLC increased its stake in I.D. Systems by 1.5% in the first quarter. HighTower Advisors LLC now owns 19,900 shares of the communications equipment provider’s stock worth $126,000 after buying an additional 300 shares during the period. Berson & Corrado Investment Advisors LLC increased its stake in I.D. Systems by 6.8% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 31,460 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 1,990 shares during the period. Renaissance Technologies LLC increased its stake in I.D. Systems by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 174,915 shares of the communications equipment provider’s stock worth $948,000 after buying an additional 3,100 shares during the period. American Capital Management Inc. acquired a new stake in I.D. Systems during the third quarter worth about $342,000. Finally, Emancipation Management LLC increased its stake in I.D. Systems by 6.3% in the first quarter. Emancipation Management LLC now owns 1,893,848 shares of the communications equipment provider’s stock worth $11,988,000 after buying an additional 111,556 shares during the period. 44.09% of the stock is owned by hedge funds and other institutional investors.
I.D. Systems Company Profile
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.
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