I.D. Systems Inc. (NASDAQ:IDSY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.86, but opened at $4.91. I.D. Systems shares last traded at $5.15, with a volume of 12,076 shares trading hands.

IDSY has been the topic of several recent analyst reports. Zacks Investment Research lowered I.D. Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Roth Capital initiated coverage on I.D. Systems in a research report on Tuesday, April 19th. They set a “buy” rating and a $7.00 price target on the stock. Finally, B. Riley reissued a “buy” rating and set a $8.00 price target on shares of I.D. Systems in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $7.69.

The company’s 50-day moving average price is $4.91 and its 200 day moving average price is $4.71. The stock’s market cap is $66.58 million.

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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