Ladenburg analyst Glenn G Mattson reiterated a Buy rating on ID Systems (IDSY) today and set a price target of $10. The company’s shares opened today at $6.10.
According to TipRanks.com, Mattson is a 4-star analyst with an average return of 11.0% and a 50.9% success rate. Mattson covers the Technology sector, focusing on stocks such as Brightcove Inc, Datawatch Corp, and Attunity Ltd.
Currently, the analyst consensus on ID Systems is a Strong Buy with an average price target of $9.03, which is a 48.0% upside from current levels. In a report issued on November 6, B.Riley FBR also assigned a Buy rating to the stock with a $8.50 price target.
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Based on ID Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.12 million. In comparison, last year the company had a GAAP net loss of $586K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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I.D. Systems, Inc. engages in the development, marketing, and sale of wireless machine to machine solutions for managing and securing enterprise assets. Its business activities focus on the following primary applications: industrial fleet management, transportation asset management, and rental fleet management.
