I.D. Systems Inc. (NASDAQ:IDSY) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.82, but opened at $4.83. I.D. Systems shares last traded at $4.92, with a volume of 12,583 shares traded.

Several research analysts recently weighed in on IDSY shares. Roth Capital started coverage on shares of I.D. Systems in a research report on Tuesday, April 19th. They issued a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research cut shares of I.D. Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Finally, B. Riley restated a “buy” rating and issued a $8.00 price objective on shares of I.D. Systems in a research report on Saturday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $7.69.

The firm’s market cap is $65.00 million. The company’s 50-day moving average price is $4.91 and its 200 day moving average price is $4.69.

I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine (M2M) solutions for managing and securing enterprise assets, which include industrial vehicles and transportation assets. The Company’s systems utilize radio frequency identification (RFID), Wi-Fi, satellite or cellular communications, and sensor technology and software to address the needs of organizations to control, track, monitor and analyze their assets.

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