I.D. Systems, Inc. (NASDAQ:IDSY) major shareholder Neil S. Subin sold 42,635 shares of I.D. Systems stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $6.36, for a total transaction of $271,158.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of IDSY stock traded down $0.29 on Friday, hitting $6.00. The stock had a trading volume of 2,186,599 shares, compared to its average volume of 16,678. I.D. Systems, Inc. has a twelve month low of $5.37 and a twelve month high of $8.05.

I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. I.D. Systems had a negative net margin of 7.35% and a negative return on equity of 10.16%. The company had revenue of $13.39 million during the quarter, compared to analyst estimates of $12.32 million. Equities analysts expect that I.D. Systems, Inc. will post -0.13 EPS for the current fiscal year.

A number of analysts have commented on IDSY shares. 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 started coverage on shares of I.D. Systems in a report on Monday, August 27th. They set a “buy” rating and a $8.60 target price for the company. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $10.00 target price on shares of I.D. Systems in a report on Wednesday, September 12th. ValuEngine raised shares of I.D. Systems from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Finally, Lake Street Capital set a $10.00 price target on shares of I.D. Systems and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.65.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ardsley Advisory Partners boosted its stake in I.D. Systems by 13.2% in the 2nd quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after purchasing an additional 51,200 shares during the period. Fairpointe Capital LLC boosted its stake in I.D. Systems by 68.8% in the 2nd quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after purchasing an additional 50,748 shares during the period. 22NW LP acquired a new position in I.D. Systems in the 3rd quarter worth $525,000. Cannell Capital LLC boosted its stake in I.D. Systems by 22.2% in the 2nd quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after purchasing an additional 377,830 shares during the period. Finally, Cannell Peter B & Co. Inc. acquired a new position in I.D. Systems in the 2nd quarter worth $186,000. 45.49% of the stock is owned by hedge funds and other institutional investors.

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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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Insider Buying and Selling by Quarter for I.D. Systems (NASDAQ:IDSY)

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