I.D. Systems Inc. (NASDAQ:IDSY)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research note issued to investors on Monday. They presently have a $8.00 target price on the stock. B. Riley’s price target suggests a potential upside of 62.93% from the company’s current price.
Separately, Zacks Investment Research downgraded shares of I.D. Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th.
I.D. Systems (NASDAQ:IDSY) traded up 1.24% during mid-day trading on Monday, hitting $4.91. 938 shares of the company’s stock were exchanged. The stock’s market cap is $67.53 billion. The stock’s 50 day moving average price is $5.07 and its 200-day moving average price is $5.02. I.D. Systems has a 12 month low of $3.70 and a 12 month high of $5.43.
In other I.D. Systems news, major shareholder Lloyd I. Miller III purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were bought at an average cost of $5.00 per share, for a total transaction of $37,500.00. Following the purchase, the insider now owns 83,307 shares of the company’s stock, valued at approximately $416,535. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Emancipation Management Llc purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average price of $5.15 per share, for a total transaction of $257,500.00. The disclosure for this purchase can be found here. Corporate insiders own 13.82% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Berson & Corrado Investment Advisors LLC acquired a new stake in shares of I.D. Systems during the second quarter worth approximately $100,000. American Capital Management Inc. acquired a new stake in shares of I.D. Systems during the third quarter worth approximately $342,000. Vanguard Group Inc. boosted 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, Cannell Capital LLC acquired a new stake in shares of I.D. Systems during the fourth quarter worth approximately $4,971,000. Institutional investors own 38.63% of the company’s stock.
I.D. Systems Company Profile