I.D. Systems, Inc. (NASDAQ:IDSY) major shareholder Neil S. Subin sold 47,679 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $6.25, for a total transaction of $297,993.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of IDSY stock opened at $6.20 on Thursday. I.D. Systems, Inc. has a 1-year low of $5.37 and a 1-year high of $8.05.
I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings data on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The business had revenue of $14.81 million for the quarter, compared to analyst estimates of $14.50 million. I.D. Systems had a negative net margin of 7.07% and a negative return on equity of 9.52%. As a group, equities analysts forecast that I.D. Systems, Inc. will post -0.15 earnings per share for the current year.
Several brokerages have recently weighed in on IDSY. Zacks Investment Research lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. National Securities began coverage on shares of I.D. Systems in a report on Monday, August 27th. They set a “buy” rating and a $8.60 price objective on the stock. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $10.00 price objective on shares of I.D. Systems in a report on Wednesday, September 12th. Finally, ValuEngine lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $9.32.
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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