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.
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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