Emancipation Management Llc Acquires 12,300 Shares of I.D. Systems Inc. (IDSY) Stock
I.D. Systems Inc. (NASDAQ:IDSY) major shareholder Emancipation Management Llc purchased 12,300 shares of I.D. Systems stock in a transaction that occurred on Friday, October 14th. The shares were bought at an average price of $5.11 per share, with a total value of $62,853.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Emancipation Management Llc also recently made the following trade(s):
- On Friday, October 7th, Emancipation Management Llc purchased 50,000 shares of I.D. Systems stock. The shares were bought at an average price of $5.15 per share, with a total value of $257,500.00.
- On Tuesday, October 4th, Emancipation Management Llc purchased 1,803 shares of I.D. Systems stock. The shares were bought at an average price of $5.02 per share, with a total value of $9,051.06.
Shares of I.D. Systems Inc. (NASDAQ:IDSY) opened at 5.19 on Tuesday. The stock’s market capitalization is $68.77 million. I.D. Systems Inc. has a 12-month low of $3.25 and a 12-month high of $5.43. The firm’s 50-day moving average is $5.06 and its 200 day moving average is $5.02.
I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.05. I.D. Systems had a negative net margin of 12.61% and a negative return on equity of 24.78%. On average, equities research analysts forecast that I.D. Systems Inc. will post ($0.08) EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $8.00 price target on shares of I.D. Systems in a research report on Saturday, August 6th. Zacks Investment Research lowered shares of I.D. Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th.
Institutional investors have recently made changes to their positions in the stock. Berson & Corrado Investment Advisors LLC bought a new position in I.D. Systems during the second quarter valued at about $100,000. Vanguard Group Inc. raised its position 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 in the last quarter. Finally, Cannell Capital LLC raised its position 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 in the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.
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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