Shares of I.D. Systems, Inc. (NASDAQ:IDSY) have been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus target price of $8.05 for the company and are forecasting 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 178 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $8.50 price target on shares of I.D. Systems in a research report on Friday, November 10th. TheStreet raised I.D. Systems from a “d” rating to a “c-” rating in a research report on Monday, January 22nd.
Several hedge funds have recently modified their holdings of IDSY. Northern Trust Corp boosted its holdings in shares of I.D. Systems by 2.6% in the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock valued at $188,000 after purchasing an additional 784 shares in the last quarter. Smith Moore & CO. acquired a new stake in shares of I.D. Systems in the 3rd quarter valued at $263,000. Punch & Associates Investment Management Inc. bought a new position in shares of I.D. Systems in the 2nd quarter valued at $837,000. Archon Capital Management LLC bought a new position in shares of I.D. Systems in the 3rd quarter valued at $1,386,000. Finally, Ardsley Advisory Partners lifted its stake in shares of I.D. Systems by 86.9% in the 2nd 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. 46.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of I.D. Systems (NASDAQ IDSY) traded up $0.01 during trading hours on Friday, reaching $7.25. The company had a trading volume of 7,588 shares, compared to its average volume of 39,070. The firm has a market capitalization of $126.57, a P/E ratio of -19.08, a P/E/G ratio of 0.86 and a beta of -0.01. I.D. Systems has a 1-year low of $5.50 and a 1-year high of $7.75.
I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings results on Thursday, November 9th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. I.D. Systems had a negative return on equity of 22.16% and a negative net margin of 13.02%. equities analysts expect that I.D. Systems will post -0.16 EPS for the current fiscal year.
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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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