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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Industry, Sector and Symbol
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Phone201-996-9000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$53.06 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable
I.D. Systems (NASDAQ:IDSY) Frequently Asked Questions
What is I.D. Systems' stock symbol?
I.D. Systems trades on the NASDAQ under the ticker symbol "IDSY."
How were I.D. Systems' earnings last quarter?
I.D. Systems, Inc. (NASDAQ:IDSY) released its quarterly earnings results on Wednesday, August, 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The communications equipment provider earned $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 13.05% and a negative net margin of 15.49%. View I.D. Systems' Earnings History.
When is I.D. Systems' next earnings date?
What price target have analysts set for IDSY?
4 brokerages have issued 1-year price objectives for I.D. Systems' stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate I.D. Systems' stock price to reach $10.50 in the next year. This suggests a possible upside of 98.5% from the stock's current price. View Analyst Price Targets for I.D. Systems.
What is the consensus analysts' recommendation for I.D. Systems?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for I.D. Systems in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for I.D. Systems.
What are Wall Street analysts saying about I.D. Systems stock?
Here are some recent quotes from research analysts about I.D. Systems stock:
- 1. According to Zacks Investment Research, "I.D. Systems Inc is a leading provider of wireless solutions for corporate asset management. I.D. Systems' customers include 3M Company, American Axle, Archer Daniels Midland, Daimler Chrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. The company's systems enable management to control and track the location and status of their assets in real time. " (8/9/2019)
- 2. Barrington Research analysts commented, "We continue with our OUTPERFORM investment rating on IDSY with an $11-13 price target range." (8/2/2019)
- 3. LADENBURG THALM/SH SH analysts commented, "We spent time with IDSY management last week, and the company continues to reiterate the commentary from the early August earnings call regarding Avis (CAR, $31.81, Not Rated). As a reminder, IDSY is in the final stages of deploying the initial 50,000 unit order for the Unified Telematics Platform (UTP) hardware on Avis rental vehicles. Though there was a July 19th deadline for Avis to re-up for another 50,000 units if it wanted to maintain exclusivity, the company continues to be in negotiations. The deployment of the first units has gone extremely well with quick installations and high utilization rates in the field." (9/12/2018)
- 4. National Securities analysts commented, "IDSY is an unsung contender in the market for Industrial IoT (IIoT). IDSY has a significant platform selling fleet telematics, with an increasing focus on logistics visibility. It also has the market leading position in industrial truck management (on-campus telematics). We think this business will increasingly favor the larger scale vendors with mature software products and allow IDSY to capture market share.
We think the markets served are large and attractive. Logistics telematics historically focused on asset tracking, a maturing market. However a transition to freight tracking provides an opportunity for differentiation and market share gains. Meanwhile, we think the highly fragmented market opportunity in industrial trucks is in the hundreds of millions. The captive opportunity with Avis for rental vehicle tracking adds $10+ million to the annual revenue opportunity if deployed across the fleet.
Losses are narrowing and we expect adjusted EBITDA to turn positive in 2018. IDSY reported a non-GAAP net loss of $2 million in 2016, $0.5 million in 2017, and a $0.2 million profit through 2Q:18. We model adjusted EBITDA of $0.3 million in 2018, up from a loss of $0.3 million in 2017 and $4 million in 2016. We expect these positive earnings trends will continue with revenue growth.
We initiate coverage of IDSY with a BUY rating and $8.60 Price Target. Peers trade around a 3.0x EV/TTM revenue. IDSY maintains superior gross margins with upside as software content in the mix expands. With positive trends in play across all segments and profitability emerging, we apply a 2.4x multiple to our 2019 revenue estimate to arrive at an $8.60 price target." (8/27/2018)
Has I.D. Systems been receiving favorable news coverage?
Media coverage about IDSY stock has trended positive recently, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. I.D. Systems earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media coverage about the communications equipment provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future. View News Stories for I.D. Systems.
Who are some of I.D. Systems' key competitors?
Some companies that are related to I.D. Systems include ADVA Optical Networking (ADVOF), Inseego (INSG), Iteris (ITI), Turtle Beach (HEAR), UTStarcom (UTSI), Magal Security Systems (MAGS), Rekor Systems (REKR), Risk (George) Industries (RSKIA), Grow Capital (GRWC), xG Technology (XGTI), Track Group (TRCK), Ability (ABIL), Vislink Technologies (VISL), True Nature (TNTY) and 5Barz International (BARZ).
What other stocks do shareholders of I.D. Systems own?
Who are I.D. Systems' key executives?
I.D. Systems' management team includes the folowing people:
- Mr. Chris Adam Wolfe, CEO & Director (Age 61)
- Mr. Ned Mavrommatis, CFO, Treasurer & Corp. Sec. (Age 48)
- Mr. Michael L. Ehrman, Chief Technology Officer (Age 47)
- Mr. Curt Lloyd, Exec. VP of Operations
- Mr. Roger Tenney, Sr. VP of Client Services
Who are I.D. Systems' major shareholders?
I.D. Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Delek Group Ltd. (2.93%), Ardsley Advisory Partners LP (2.81%), Vanguard Group Inc. (2.73%), BlackRock Inc. (2.27%), Renaissance Technologies LLC (1.81%) and Balter Liquid Alternatives LLC (0.29%). Company insiders that own I.D. Systems stock include Cannell Capital Llc, Chris Adam Wolfe, Chris Adams Wolfe, Christopher Formant, Emancipation Management Llc, Michael Brodsky, Michael L Ehrman and Neil S Subin. View Institutional Ownership Trends for I.D. Systems.
Which institutional investors are selling I.D. Systems stock?
Which institutional investors are buying I.D. Systems stock?
IDSY stock was purchased by a variety of institutional investors in the last quarter, including Delek Group Ltd., BlackRock Inc., Ardsley Advisory Partners LP, Renaissance Technologies LLC, Balter Liquid Alternatives LLC and Wells Fargo & Company MN. Company insiders that have bought I.D. Systems stock in the last two years include Cannell Capital Llc, Chris Adam Wolfe, Chris Adams Wolfe, Christopher Formant, Emancipation Management Llc and Michael Brodsky. View Insider Buying and Selling for I.D. Systems.
How do I buy shares of I.D. Systems?
Shares of IDSY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is I.D. Systems' stock price today?
One share of IDSY stock can currently be purchased for approximately $5.29.
How big of a company is I.D. Systems?
I.D. Systems has a market capitalization of $97.60 million and generates $53.06 million in revenue each year. The communications equipment provider earns $-5,810,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis. View Additional Information About I.D. Systems.
What is I.D. Systems' official website?
How can I contact I.D. Systems?
I.D. Systems' mailing address is 123 TICE BOULEVARD, WOODCLIFF LAKE NJ, 07677. The communications equipment provider can be reached via phone at 201-996-9000 or via email at [email protected]
MarketBeat Community Rating for I.D. Systems (NASDAQ IDSY)
MarketBeat's community ratings are surveys of what our community members think about I.D. Systems and other stocks. Vote "Outperform" if you believe IDSY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IDSY will underperform the S&P 500 over the long term. You may vote once every thirty days.
