I.D. Systems, Inc. (IDSY) Lifted to Hold at Zacks Investment Research
According to Zacks, “I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems’ customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company’s systems enable management to control and track the location and status of their assets in real time. “
Other research analysts have also recently issued research reports about the stock. B. Riley restated a buy rating and issued a $7.00 price objective on shares of I.D. Systems in a report on Saturday, November 12th. Lake Street Capital dropped their price objective on shares of I.D. Systems from $7.00 to $6.50 and set a buy rating for the company in a report on Thursday, November 10th.
I.D. Systems (NASDAQ:IDSY) traded down 2.92% on Tuesday, hitting $5.80. 4,946 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $5.18 and its 200-day moving average price is $5.06. The company’s market cap is $77.52 million. I.D. Systems has a 12-month low of $3.75 and a 12-month high of $6.17.
In other news, major shareholder Emancipation Management Llc purchased 88,183 shares of the stock in a transaction on Tuesday, November 15th. The stock was bought at an average price of $4.92 per share, for a total transaction of $433,860.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lloyd I. Miller III purchased 7,500 shares of the stock in a transaction on Tuesday, November 1st. The shares were purchased at an average price of $5.00 per share, with a total value of $37,500.00. Following the acquisition, the insider now directly owns 83,307 shares in the company, valued at $416,535. The disclosure for this purchase can be found here. 13.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Capital Management Inc. purchased a new position in I.D. Systems during the third quarter valued at approximately $342,000. Vanguard Group Inc. boosted its position in I.D. Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 356,086 shares of the company’s stock valued at $1,713,000 after buying an additional 2,200 shares during the period. Finally, Cannell Capital LLC boosted its position in I.D. Systems by 2.2% in the second quarter. Cannell Capital LLC now owns 1,198,276 shares of the company’s stock valued at $5,764,000 after buying an additional 25,841 shares during the period. Institutional investors own 42.23% 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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