508,920 Shares in Powerfleet, Inc. (NASDAQ:AIOT) Bought by Blair William & Co. IL

Blair William & Co. IL acquired a new stake in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 508,920 shares of the company's stock, valued at approximately $3,389,000. Blair William & Co. IL owned 0.38% of Powerfleet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new stake in shares of Powerfleet in the 4th quarter valued at about $25,000. Financial Management Professionals Inc. bought a new stake in Powerfleet during the fourth quarter valued at approximately $50,000. Spire Wealth Management purchased a new position in Powerfleet in the 4th quarter worth approximately $55,000. Private Advisor Group LLC bought a new position in shares of Powerfleet in the 4th quarter worth $68,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Powerfleet during the 4th quarter valued at $84,000. Institutional investors own 73.40% of the company's stock.

Powerfleet Stock Performance

Shares of NASDAQ:AIOT traded down $0.53 during trading on Friday, hitting $4.27. The company's stock had a trading volume of 7,720,566 shares, compared to its average volume of 1,521,314. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.21 and a quick ratio of 1.02. The company has a 50-day moving average of $6.42 and a 200-day moving average of $6.11. Powerfleet, Inc. has a 12 month low of $3.70 and a 12 month high of $8.71.

Powerfleet (NASDAQ:AIOT - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). On average, sell-side analysts anticipate that Powerfleet, Inc. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

AIOT has been the topic of a number of research analyst reports. Lake Street Capital increased their target price on Powerfleet from $7.00 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Barrington Research restated an "outperform" rating and set a $15.00 target price on shares of Powerfleet in a report on Thursday, February 13th. Finally, Northland Securities raised their price target on shares of Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th.

Powerfleet Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.