Shares of I.D. Systems Inc. (NASDAQ:IDSY) gapped up before the market opened 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 trading hands.

A number of analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of I.D. Systems in a research note on Monday, May 2nd. Zacks Investment Research upgraded shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Roth Capital started coverage on shares of I.D. Systems in a research note on Tuesday, April 19th. They issued a “buy” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $7.69.

The company has a 50 day moving average price of $4.91 and a 200 day moving average price of $4.69. The company’s market capitalization is $66.19 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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