I.D. Systems, Inc. (IDSY) Given $8.05 Average Target Price by Analysts
I.D. Systems, Inc. (NASDAQ:IDSY) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for 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.
Brokers have set a 12 month consensus price objective of $8.05 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given I.D. Systems an industry rank of 229 out of 265 based on the ratings given to related companies.
Several equities research analysts recently issued reports on IDSY shares. Zacks Investment Research downgraded 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 set 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 made changes to their positions in the stock. Northern Trust Corp boosted its position in I.D. Systems by 2.6% in the second quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock worth $188,000 after purchasing an additional 784 shares during the last quarter. Vanguard Group Inc. boosted its position 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 worth $2,266,000 after purchasing an additional 7,200 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new position in I.D. Systems in the second quarter worth $837,000. Ardsley Advisory Partners boosted its position 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 worth $1,636,000 after purchasing an additional 122,779 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in I.D. Systems in the third quarter worth $2,816,000. Institutional investors and hedge funds own 46.68% of the company’s stock.
Shares of I.D. Systems (NASDAQ:IDSY) traded down $0.18 during trading on Friday, reaching $6.81. The company had a trading volume of 12,400 shares, compared to its average volume of 29,459. I.D. Systems has a 1-year low of $4.70 and a 1-year high of $7.75.
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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