I.D. Systems, Inc. (NASDAQ:IDSY) major shareholder Neil S. Subin sold 42,635 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $6.36, for a total value of $271,158.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

IDSY stock traded down $0.29 during midday trading on Friday, hitting $6.00. 2,186,599 shares of the company’s stock were exchanged, compared to its average volume of 17,619. I.D. Systems, Inc. has a 1-year low of $5.37 and a 1-year high of $8.05.

I.D. Systems (NASDAQ:IDSY) last posted its earnings results on Thursday, November 8th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $13.39 million during the quarter, compared to analysts’ expectations of $12.32 million. I.D. Systems had a negative return on equity of 10.16% and a negative net margin of 7.35%. As a group, equities research analysts anticipate that I.D. Systems, Inc. will post -0.13 earnings per share for the current fiscal year.

Several equities research analysts recently commented on IDSY shares. ValuEngine raised I.D. Systems from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Lake Street Capital set a $10.00 target price on I.D. Systems and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised I.D. Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. National Securities started coverage on I.D. Systems in a research note on Monday, August 27th. They set a “buy” rating and a $8.60 target price for the company. Finally, LADENBURG THALM/SH SH reissued a “buy” rating and set a $10.00 target price on shares of I.D. Systems in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $9.65.

Hedge funds have recently bought and sold shares of the business. Cannell Peter B & Co. Inc. acquired a new stake in I.D. Systems during the second quarter worth $186,000. 22NW LP acquired a new stake in I.D. Systems during the third quarter worth $525,000. Fairpointe Capital LLC increased its stake in I.D. Systems by 68.8% during the second quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after acquiring an additional 50,748 shares during the last quarter. Ardsley Advisory Partners increased its stake in I.D. Systems by 13.2% during the second quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after acquiring an additional 51,200 shares during the last quarter. Finally, Cannell Capital LLC increased its stake in I.D. Systems by 22.2% during the second quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after acquiring an additional 377,830 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

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About I.D. Systems

I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.

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