I.D. Systems Inc. (NASDAQ:IDSY) major shareholder Emancipation Management Llc purchased 50,000 shares of the stock in a transaction dated Friday, October 7th. The shares were purchased at an average price of $5.15 per share, with a total value of $257,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Emancipation Management Llc also recently made the following trade(s):
- On Tuesday, October 4th, Emancipation Management Llc purchased 1,803 shares of I.D. Systems stock. The shares were purchased at an average price of $5.02 per share, with a total value of $9,051.06.
I.D. Systems Inc. (NASDAQ:IDSY) traded down 0.58% during midday trading on Tuesday, reaching $5.14. 4,970 shares of the company were exchanged. The stock’s market capitalization is $68.11 million. I.D. Systems Inc. has a 52-week low of $3.20 and a 52-week high of $5.43. The firm’s 50-day moving average price is $5.04 and its 200 day moving average price is $5.00.
I.D. Systems (NASDAQ:IDSY) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.05. I.D. Systems had a negative net margin of 12.61% and a negative return on equity of 24.78%. Equities analysts predict that I.D. Systems Inc. will post ($0.08) earnings per share for the current year.
A number of large investors have recently modified their holdings of IDSY. Cannell Capital LLC increased its stake in shares of I.D. Systems by 2.2% in the second quarter. Cannell Capital LLC now owns 1,198,276 shares of the company’s stock worth $5,764,000 after buying an additional 25,841 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of I.D. Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 356,086 shares of the company’s stock worth $1,713,000 after buying an additional 2,200 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC acquired a new stake in shares of I.D. Systems during the second quarter worth $100,000. 38.98% of the stock is owned by institutional investors.
A number of equities research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $8.00 target price on shares of I.D. Systems in a report on Saturday, August 6th. Zacks Investment Research upgraded shares of I.D. Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th.
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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