Wall Street analysts expect I.D. Systems, Inc. (NASDAQ:IDSY) to report $11.42 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for I.D. Systems’ earnings. The lowest sales estimate is $11.10 million and the highest is $11.74 million. I.D. Systems posted sales of $9.23 million in the same quarter last year, which would indicate a positive year over year growth rate of 23.7%. The firm is expected to report its next earnings results on Thursday, March 1st.
According to Zacks, analysts expect that I.D. Systems will report full year sales of $11.42 million for the current year, with estimates ranging from $40.89 million to $41.53 million. For the next year, analysts forecast that the firm will report sales of $60.38 million per share, with estimates ranging from $59.62 million to $61.14 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover I.D. Systems.
Several analysts have weighed in on IDSY shares. B. Riley reiterated a “buy” rating and issued a $8.50 price objective on shares of I.D. Systems in a research note on Friday, November 10th. TheStreet upgraded shares of I.D. Systems from a “d” rating to a “c-” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research cut shares of I.D. Systems from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. I.D. Systems presently has an average rating of “Hold” and an average target price of $8.17.
In other news, major shareholder Emancipation Management Llc sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $6.90, for a total value of $172,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.17% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN acquired a new position in shares of I.D. Systems in the 4th quarter valued at approximately $110,000. Northern Trust Corp raised its position 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 buying an additional 784 shares in the last quarter. Smith Moore & CO. acquired a new position in shares of I.D. Systems in the 3rd quarter valued at approximately $263,000. Archon Capital Management LLC acquired a new position in shares of I.D. Systems in the 3rd quarter valued at approximately $1,386,000. Finally, Ardsley Advisory Partners raised its position 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 buying an additional 122,779 shares in the last quarter. Institutional investors own 46.49% of the company’s stock.
About I.D. Systems
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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