EAM Investors LLC Acquires Shares of 146,618 Powerfleet, Inc. (NASDAQ:AIOT)

EAM Investors LLC bought a new position in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 146,618 shares of the company's stock, valued at approximately $976,000. EAM Investors LLC owned about 0.11% of Powerfleet at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIOT. Jump Financial LLC acquired a new position in shares of Powerfleet during the 4th quarter worth about $893,000. Ontario Teachers Pension Plan Board bought a new position in Powerfleet during the fourth quarter worth about $28,543,000. Walleye Capital LLC acquired a new position in Powerfleet during the fourth quarter worth approximately $299,000. Harber Asset Management LLC bought a new stake in Powerfleet in the fourth quarter valued at approximately $817,000. Finally, Barclays PLC acquired a new stake in shares of Powerfleet in the fourth quarter valued at approximately $5,179,000. 73.40% of the stock is owned by institutional investors.

Powerfleet Trading Up 0.3 %

NASDAQ AIOT traded up $0.02 on Tuesday, reaching $4.52. The stock had a trading volume of 160,776 shares, compared to its average volume of 1,528,936. Powerfleet, Inc. has a 1-year low of $3.70 and a 1-year high of $8.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.21. The firm has a fifty day moving average of $5.96 and a two-hundred day moving average of $6.09.

Powerfleet (NASDAQ:AIOT - Get Free Report) last released its quarterly 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). Research analysts anticipate that Powerfleet, Inc. will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AIOT shares. Barrington Research restated an "outperform" rating and issued a $15.00 price target on shares of Powerfleet in a research note on Thursday, February 13th. Lake Street Capital lifted their target price on shares of Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Northland Securities upped their price target on shares of Powerfleet from $10.00 to $11.00 and gave the company an "outperform" rating in a research note 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.