I.D. Systems, Inc. (NASDAQ:IDSY) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 1-year consensus price target of $8.05 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned I.D. Systems an industry rank of 220 out of 265 based on the ratings given to related companies.

Several research firms recently issued reports on IDSY. Zacks Investment Research cut I.D. Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. B. Riley reiterated a “buy” rating and issued a $8.50 price target on shares of I.D. Systems in a report on Friday, November 10th.

A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in I.D. Systems in the third quarter valued at about $2,816,000. Vanguard Group Inc. boosted its holdings in I.D. Systems by 2.0% in the second quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock valued at $2,266,000 after acquiring an additional 7,200 shares during the last quarter. Ardsley Advisory Partners boosted its holdings in I.D. Systems by 86.9% in the second quarter. Ardsley Advisory Partners now owns 264,021 shares of the communications equipment provider’s stock valued at $1,636,000 after acquiring an additional 122,779 shares during the last quarter. Archon Capital Management LLC bought a new position in I.D. Systems in the third quarter valued at about $1,386,000. Finally, Punch & Associates Investment Management Inc. bought a new position in I.D. Systems during the second quarter worth about $837,000. Institutional investors and hedge funds own 46.68% of the company’s stock.

Shares of I.D. Systems (NASDAQ IDSY) traded down $0.13 during trading hours on Thursday, hitting $6.78. The stock had a trading volume of 159,800 shares, compared to its average volume of 91,650. The firm has a market capitalization of $120.47, a price-to-earnings ratio of -17.84, a PEG ratio of 0.82 and a beta of -0.01. I.D. Systems has a 52 week low of $5.25 and a 52 week high of $7.75.

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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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