Id Systems Inc Stock as Institutional Investors Enter

June 21, 2018 - By Richard Conner

I.D. Systems, Inc. (NASDAQ:IDSY) Logo

Sentiment for Id Systems Inc (NASDAQ:IDSY)

Id Systems Inc (NASDAQ:IDSY) institutional sentiment increased to 1.08 in Q1 2018. Its up 0.61, from 0.47 in 2017Q4. The ratio has increased, as 13 active investment managers opened new and increased holdings, while 12 sold and reduced equity positions in Id Systems Inc. The active investment managers in our partner’s database reported: 5.79 million shares, up from 5.65 million shares in 2017Q4. Also, the number of active investment managers holding Id Systems Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 0 Reduced: 12 Increased: 9 New Position: 4.

I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions in the United States and internationally. The company has market cap of $115.69 million. The firm offers integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, track, monitor, and analyze industrial vehicles, rental vehicles, and transportation assets. It currently has negative earnings. It provides industrial and rental fleet asset management products, including on-asset hardware with mounting and user-interface options that provide an autonomous means of asset control and monitoring; wireless asset managers that link the mobile assets being monitored with the customerÂ’s computer network or to a remotely hosted server; server software, which manages data communications between the systemÂ’s database and wireless asset managers or on-asset hardware; and client software.

The stock increased 1.86% or $0.12 during the last trading session, reaching $6.56. About 7,882 shares traded. I.D. Systems, Inc. (NASDAQ:IDSY) has declined 8.28% since June 21, 2017 and is downtrending. It has underperformed by 20.85% the S&P500.

Analysts await I.D. Systems, Inc. (NASDAQ:IDSY) to report earnings on August, 2. They expect $-0.01 earnings per share, up 83.33 % or $0.05 from last year’s $-0.06 per share. After $-0.06 actual earnings per share reported by I.D. Systems, Inc. for the previous quarter, Wall Street now forecasts -83.33 % EPS growth.

Cannell Capital Llc holds 3.41% of its portfolio in I.D. Systems, Inc. for 1.70 million shares. Archon Capital Management Llc owns 643,255 shares or 0.4% of their US portfolio. Moreover, Bard Associates Inc has 0.39% invested in the company for 124,305 shares. The Connecticut-based Ardsley Advisory Partners has invested 0.36% in the stock. Punch & Associates Investment Management Inc., a Minnesota-based fund reported 366,546 shares.

Since January 1, 0001, it had 3 buys, and 3 insider sales for $413,870 activity.

I.D. Systems, Inc. (NASDAQ:IDSY) Ratings Coverage

Ratings analysis reveals 100% of ID Systems’s analysts are positive. Out of 3 Wall Street analysts rating ID Systems, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $9.5 while the high is $10.3. The stock’s average target of $9.93 is 51.37% above today’s ($6.56) share price. IDSY was included in 3 notes of analysts from March 2, 2018. The company was initiated on Wednesday, March 28 by Ladenburg. The stock of I.D. Systems, Inc. (NASDAQ:IDSY) has “Buy” rating given on Friday, March 9 by Roth Capital. Lake Street maintained it with “Buy” rating and $9.5 target in Friday, March 2 report.

I.D. Systems, Inc. (NASDAQ:IDSY) Institutional Positions Chart

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