I.D. Systems Inc. (IDSY) Major Shareholder Emancipation Management Llc Acquires 50,000 Shares
I.D. Systems Inc. (NASDAQ:IDSY) major shareholder Emancipation Management Llc bought 50,000 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were bought at an average cost of $5.15 per share, with a total value of $257,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Emancipation Management Llc also recently made the following trade(s):
- On Tuesday, October 4th, Emancipation Management Llc bought 1,803 shares of I.D. Systems stock. The shares were bought at an average cost of $5.02 per share, with a total value of $9,051.06.
Shares of I.D. Systems Inc. (NASDAQ:IDSY) traded down 0.58% during mid-day trading on Tuesday, reaching $5.14. 4,970 shares of the company traded hands. The company’s market capitalization is $68.11 million. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $5.00. I.D. Systems Inc. has a 52 week low of $3.20 and a 52 week high of $5.43.
I.D. Systems (NASDAQ:IDSY) last released its earnings results on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. I.D. Systems had a negative return on equity of 24.78% and a negative net margin of 12.61%. On average, equities analysts predict that I.D. Systems Inc. will post ($0.08) EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Cannell Capital LLC boosted its stake in I.D. Systems by 2.2% in the second quarter. Cannell Capital LLC now owns 1,198,276 shares of the company’s stock valued at $5,764,000 after buying an additional 25,841 shares during the period. Vanguard Group Inc. boosted its stake in I.D. Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 356,086 shares of the company’s stock valued at $1,713,000 after buying an additional 2,200 shares during the period. Finally, Berson & Corrado Investment Advisors LLC purchased a new stake in I.D. Systems during the second quarter valued at approximately $100,000. Institutional investors own 38.98% of the company’s stock.
Several brokerages recently issued reports on IDSY. B. Riley reaffirmed a “buy” rating and set a $8.00 price objective on shares of I.D. Systems in a research note on Saturday, August 6th. Zacks Investment Research raised shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th.
I.D. Systems Company Profile
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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