November 16, 2016 - By Darrin Black · 0 Comments
Id Systems Inc (NASDAQ:IDSY) institutional sentiment increased to 0.78 in Q2 2016. Its up 0.28, from 0.5 in 2016Q1. The ratio is more positive, as 7 institutional investors opened new and increased positions, while 9 sold and trimmed stock positions in Id Systems Inc. The institutional investors in our partner’s database now own: 3.53 million shares, down from 4.40 million shares in 2016Q1. Also, the number of institutional investors holding Id Systems Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 8 Increased: 3 New Position: 4.
I.D. Systems, Inc. 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. The company has a market cap of $65.61 million. The Company’s systems utilize radio frequency identification (RFID), wireless fidelity (Wi-Fi), satellite or cellular communications, and sensor technology and software to control, track, monitor and analyze assets. It currently has negative earnings. It provides data reporting and analysis software tool platform, I.D.
It is down 4.15% since April 14, 2016 and is downtrending. It has underperformed by 8.84% the S&P500.
According to Zacks Investment Research, “I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems’ customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company’s systems enable management to control and track the location and status of their assets in real time.”
Cannell Capital Llc holds 2.34% of its portfolio in I.D. Systems, Inc. for 1.20 million shares. Bard Associates Inc owns 137,650 shares or 0.35% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.09% invested in the company for 370,196 shares. The New York-based Berson & Corrado Investment Advisors Llc has invested 0.06% in the stock. Connors Investor Services Inc, a Pennsylvania-based fund reported 45,808 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 16 insider purchases, and 0 sales for $1.27 million net activity.
Ratings analysis reveals 100% of I.D. Systems’s analysts are positive. Out of 3 Wall Street analysts rating I.D. Systems, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $6.50 while the high is $9. The stock’s average target of $7.42 is 52.99% above today’s ($4.85) share price. IDSY was included in 4 notes of analysts from August 4, 2015. The rating was maintained by Dougherty & Company with “Buy” on Tuesday, August 4. The firm earned “Outperform” rating on Tuesday, August 4 by Cowen & Co. The stock has “Hold” rating given by Zacks on Friday, August 7. The firm has “Buy” rating given on Thursday, November 10 by Lake Street.
I.D. Systems, Inc. (I.D. Systems), incorporated on August 24, 1993, develops, markets and sells wireless machine-to-machine (M2M) 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. The Company’s systems utilize radio frequency identification (RFID), wireless fidelity (Wi-Fi), satellite or cellular communications, and sensor technology and software to address the needs of organizations to control, track, monitor and analyze their assets. The Firm focused its business activities on various applications, such as industrial fleet management, transportation asset management and rental fleet management.
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By Darrin Black