Equities research analysts forecast that I.D. Systems, Inc. (NASDAQ:IDSY) will post sales of $17.04 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for I.D. Systems’ earnings. The lowest sales estimate is $16.28 million and the highest is $17.80 million. I.D. Systems reported sales of $14.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.1%. The company is expected to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that I.D. Systems will report full-year sales of $79.70 million for the current year, with estimates ranging from $63.17 million to $96.22 million. For the next fiscal year, analysts forecast that the company will report sales of $111.43 million, with estimates ranging from $69.86 million to $153.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow I.D. Systems.

I.D. Systems (NASDAQ:IDSY) last released its earnings results on Wednesday, March 6th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). I.D. Systems had a negative net margin of 13.16% and a negative return on equity of 11.64%. The firm had revenue of $11.49 million during the quarter, compared to analyst estimates of $11.60 million.

Separately, Zacks Investment Research downgraded I.D. Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.53.

In related news, major shareholder Cannell Capital Llc purchased 83,290 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $6.03 per share, with a total value of $502,238.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chris Adam Wolfe purchased 10,600 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $63,706.00. Following the completion of the transaction, the chief executive officer now directly owns 187,474 shares in the company, valued at approximately $1,126,718.74. The disclosure for this purchase can be found here. Insiders have acquired a total of 115,550 shares of company stock worth $692,857 over the last ninety days. 8.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in IDSY. Cutler Group LP acquired a new stake in I.D. Systems during the 1st quarter worth about $103,000. Northern Trust Corp grew its position in I.D. Systems by 28.9% during the 4th quarter. Northern Trust Corp now owns 42,468 shares of the communications equipment provider’s stock worth $238,000 after purchasing an additional 9,520 shares during the period. California Public Employees Retirement System grew its position in I.D. Systems by 257.8% during the 4th quarter. California Public Employees Retirement System now owns 138,786 shares of the communications equipment provider’s stock worth $776,000 after purchasing an additional 100,000 shares during the period. Dimensional Fund Advisors LP grew its position in I.D. Systems by 16.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 209,504 shares of the communications equipment provider’s stock worth $1,242,000 after purchasing an additional 29,606 shares during the period. Finally, 22NW LP grew its position in I.D. Systems by 379.5% during the 4th quarter. 22NW LP now owns 362,524 shares of the communications equipment provider’s stock worth $2,027,000 after purchasing an additional 286,924 shares during the period. 54.37% of the stock is currently owned by institutional investors.

Shares of NASDAQ IDSY traded down $0.08 during mid-day trading on Thursday, hitting $5.04. The stock had a trading volume of 21,200 shares, compared to its average volume of 48,671. I.D. Systems has a twelve month low of $4.80 and a twelve month high of $7.24. The company has a market cap of $93.35 million, a price-to-earnings ratio of -22.91, a PEG ratio of 9.17 and a beta of 0.81.

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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