Several brokerages have updated their recommendations and price targets on shares of I.D. Systems (NASDAQ: IDSY) in the last few weeks:

  • 8/5/2017 – I.D. Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $8.00 price target on the stock.
  • 7/31/2017 – I.D. Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $7.75 price target on the stock.
  • 7/22/2017 – I.D. Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $7.75 price target on the stock.
  • 7/20/2017 – I.D. Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.75 price target on the stock. According to Zacks, “I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems’ customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company’s systems enable management to control and track the location and status of their assets in real time. “
  • 7/17/2017 – I.D. Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $7.75 price target on the stock.
  • 7/6/2017 – I.D. Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems’ customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company’s systems enable management to control and track the location and status of their assets in real time. “

Shares of I.D. Systems, Inc. (NASDAQ:IDSY) traded down 0.142% during midday trading on Wednesday, reaching $7.015. The company had a trading volume of 17,265 shares. The firm’s 50 day moving average price is $6.51 and its 200-day moving average price is $6.32. The stock’s market capitalization is $95.12 million. I.D. Systems, Inc. has a 1-year low of $4.63 and a 1-year high of $7.34.

In other news, major shareholder Lloyd I. Miller III bought 260,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was acquired at an average cost of $5.75 per share, with a total value of $1,495,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.17% of the company’s stock.

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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