I.D. Systems Inc. (NASDAQ:IDSY) major shareholder Emancipation Management Llc acquired 50,000 shares of the company’s stock in a transaction on Friday, October 7th. The shares were purchased at an average cost of $5.15 per share, with a total value of $257,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 acquired 1,803 shares of I.D. Systems stock. The shares were purchased at an average cost of $5.02 per share, with a total value of $9,051.06.
Shares of I.D. Systems Inc. (NASDAQ:IDSY) opened at 5.16 on Friday. The company’s market capitalization is $68.38 million. The company has a 50 day moving average price of $5.06 and a 200 day moving average price of $5.00. I.D. Systems Inc. has a 12-month low of $3.20 and a 12-month high of $5.43.
I.D. Systems (NASDAQ:IDSY) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ 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 anticipate that I.D. Systems Inc. will post ($0.08) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cannell Capital LLC increased its position in I.D. Systems by 2.2% in the second quarter. Cannell Capital LLC now owns 1,198,276 shares of the company’s stock valued at $5,764,000 after buying an additional 25,841 shares in the last quarter. Vanguard Group Inc. increased its position in I.D. Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 356,086 shares of the company’s stock valued at $1,713,000 after buying an additional 2,200 shares in the last quarter. Finally, Berson & Corrado Investment Advisors LLC purchased a new position in I.D. Systems during the second quarter valued at approximately $100,000. 38.98% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $8.00 target price on shares of I.D. Systems in a research report on Thursday, August 11th. Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th.
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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