Wall Street brokerages expect I.D. Systems, Inc. (NASDAQ:IDSY) to announce sales of $11.42 million for the current quarter, Zacks reports. Two analysts have issued estimates for I.D. Systems’ earnings, with the lowest sales estimate coming in at $11.10 million and the highest estimate coming in at $11.74 million. I.D. Systems posted sales of $9.23 million during the same quarter last year, which suggests a positive year over year growth rate of 23.7%. The business is expected to report its next earnings report on Thursday, March 1st.

On average, analysts expect that I.D. Systems will report full-year sales of $11.42 million for the current financial year, with estimates ranging from $40.89 million to $41.53 million. For the next year, analysts expect that the company will post sales of $60.38 million per share, with estimates ranging from $59.62 million to $61.14 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow I.D. Systems.

Several equities research analysts have issued reports on IDSY shares. B. Riley reaffirmed a “buy” rating and set a $8.50 price target on shares of I.D. Systems in a report on Friday, November 10th. TheStreet raised I.D. Systems from a “d” rating to a “c-” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.17.

In other I.D. Systems news, major shareholder Emancipation Management Llc sold 65,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $7.90, for a total transaction of $513,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in I.D. Systems by 2.6% during the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock valued at $188,000 after purchasing an additional 784 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of I.D. Systems by 2.0% during the second quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock worth $2,266,000 after buying an additional 7,200 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in shares of I.D. Systems during the fourth quarter worth $110,000. Smith Moore & CO. acquired a new stake in shares of I.D. Systems during the third quarter worth $263,000. Finally, Fairpointe Capital LLC acquired a new stake in shares of I.D. Systems during the fourth quarter worth $512,000. 46.49% of the stock is owned by institutional investors and hedge funds.

I.D. Systems (NASDAQ IDSY) traded up $0.19 during trading hours on Wednesday, hitting $7.87. 47,110 shares of the company traded hands, compared to its average volume of 41,050. I.D. Systems has a twelve month low of $5.50 and a twelve month high of $8.05. The company has a market capitalization of $133.90, a PE ratio of -20.71, a PEG ratio of 0.91 and a beta of 0.10.

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I.D. Systems Company Profile

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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