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ID Systems (IDSY) Gets a Buy Rating from Ladenburg


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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.