B. Riley reaffirmed their buy rating on shares of I.D. Systems, Inc. (NASDAQ:IDSY) in a research report sent to investors on Friday. B. Riley currently has a $8.50 price target on the communications equipment provider’s stock.

Separately, Zacks Investment Research cut shares of I.D. Systems from a buy rating to a hold rating in a report on Wednesday, September 27th.

Shares of I.D. Systems (NASDAQ:IDSY) opened at $6.95 on Friday. I.D. Systems has a fifty-two week low of $4.63 and a fifty-two week high of $7.75.

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Several institutional investors have recently modified their holdings of IDSY. HighTower Advisors LLC boosted its stake in shares of I.D. Systems by 1.5% during the 1st quarter. HighTower Advisors LLC now owns 19,900 shares of the communications equipment provider’s stock worth $126,000 after acquiring an additional 300 shares during the last quarter. American Capital Management Inc. boosted its stake in shares of I.D. Systems by 50.1% during the 2nd quarter. American Capital Management Inc. now owns 103,300 shares of the communications equipment provider’s stock worth $633,000 after acquiring an additional 34,500 shares during the last quarter. Northern Trust Corp boosted its stake in shares of I.D. Systems by 2.6% during the 2nd quarter. Northern Trust Corp now owns 30,613 shares of the communications equipment provider’s stock worth $188,000 after acquiring an additional 784 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of I.D. Systems by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 369,627 shares of the communications equipment provider’s stock worth $2,266,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in shares of I.D. Systems during the 2nd quarter worth $837,000. Institutional investors and hedge funds own 39.21% of the company’s stock.

About I.D. Systems

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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