I.D. Systems’ (IDSY) Buy Rating Reiterated at National Securities

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National Securities restated their buy rating on shares of I.D. Systems (NASDAQ:IDSY) in a report issued on Friday, AnalystRatings.com reports. National Securities currently has a $10.00 price objective on the communications equipment provider’s stock.

A number of other equities analysts have also commented on IDSY. Zacks Investment Research raised shares of I.D. Systems from a sell rating to a hold rating in a research report on Wednesday, May 8th. Barrington Research started coverage on shares of I.D. Systems in a research report on Wednesday, July 17th. They set an outperform rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. I.D. Systems currently has a consensus rating of Buy and an average price target of $10.50.

NASDAQ:IDSY opened at $6.14 on Friday. I.D. Systems has a 52 week low of $4.76 and a 52 week high of $7.24. The company has a market capitalization of $114.20 million, a price-to-earnings ratio of -27.91 and a beta of 1.05. The business’s 50-day simple moving average is $5.86. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05.

In other news, CEO Chris Adams Wolfe bought 19,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $5.15 per share, with a total value of $97,850.00. Following the acquisition, the chief executive officer now directly owns 219,074 shares in the company, valued at $1,128,231.10. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in I.D. Systems by 257.8% in the 4th quarter. California Public Employees Retirement System now owns 138,786 shares of the communications equipment provider’s stock valued at $776,000 after buying an additional 100,000 shares during the period. Northern Trust Corp grew its holdings in shares of I.D. Systems by 28.9% during the 4th quarter. Northern Trust Corp now owns 42,468 shares of the communications equipment provider’s stock valued at $238,000 after purchasing an additional 9,520 shares during the last quarter. Cutler Group LP bought a new stake in shares of I.D. Systems during the 1st quarter valued at approximately $103,000. Victory Capital Management Inc. grew its holdings in shares of I.D. Systems by 1.1% during the 1st quarter. Victory Capital Management Inc. now owns 348,683 shares of the communications equipment provider’s stock valued at $2,068,000 after purchasing an additional 3,625 shares during the last quarter. Finally, Balter Liquid Alternatives LLC grew its holdings in shares of I.D. Systems by 11.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 52,520 shares of the communications equipment provider’s stock valued at $309,000 after purchasing an additional 5,591 shares during the last quarter. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

I.D. Systems Company Profile

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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