Press coverage about I.D. Systems (NASDAQ:IDSY) has been trending somewhat positive on Sunday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. I.D. Systems earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.7859953951102 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- I.D. Systems, Inc. (IDSY) CEO Chris Wolfe on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- I.D. Systems (IDSY) Posts Earnings Results, Beats Expectations By $0.03 EPS (americanbankingnews.com)
- I.D. Systems Reports Second Quarter 2018 Results (finance.yahoo.com)
- I.D. Systems: 2Q Earnings Snapshot (finance.yahoo.com)
- I.D. Systems (IDSY) Matches Q2 Earnings Estimates (finance.yahoo.com)
IDSY has been the subject of several research analyst reports. Zacks Investment Research raised I.D. Systems from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. ValuEngine downgraded I.D. Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. I.D. Systems presently has an average rating of “Buy” and an average price target of $9.05.
I.D. Systems stock traded up $0.04 during mid-day trading on Friday, hitting $6.94. 430 shares of the company were exchanged, compared to its average volume of 8,368. I.D. Systems has a 12-month low of $5.37 and a 12-month high of $8.05.
I.D. Systems (NASDAQ:IDSY) last released its quarterly earnings results on Wednesday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $14.50 million. I.D. Systems had a negative return on equity of 9.44% and a negative net margin of 7.07%. research analysts anticipate that I.D. Systems will post -0.09 EPS for the current year.
In other news, insider Michael L. Ehrman sold 62,662 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $6.20, for a total transaction of $388,504.40. Following the sale, the insider now owns 280,255 shares in the company, valued at $1,737,581. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cannell Capital Llc acquired 9,315 shares of the firm’s stock in a transaction dated Friday, July 20th. The shares were acquired at an average price of $6.01 per share, for a total transaction of $55,983.15. The disclosure for this purchase can be found here. Insiders have acquired 164,400 shares of company stock valued at $984,888 in the last three months. 8.60% of the stock is currently owned by company insiders.
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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