Jump Financial LLC bought a new position in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 134,057 shares of the company's stock, valued at approximately $893,000. Jump Financial LLC owned about 0.10% of Powerfleet as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Signaturefd LLC bought a new stake in Powerfleet during the 4th quarter worth about $25,000. Financial Management Professionals Inc. acquired a new position in Powerfleet in the fourth quarter valued at approximately $50,000. Spire Wealth Management bought a new position in Powerfleet in the fourth quarter valued at approximately $55,000. Legal & General Group Plc acquired a new stake in Powerfleet during the 4th quarter worth $58,000. Finally, Summit Investment Advisors Inc. acquired a new position in shares of Powerfleet in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 73.40% of the company's stock.
Powerfleet Price Performance
Shares of AIOT traded down $0.01 on Friday, hitting $5.12. The company's stock had a trading volume of 785,938 shares, compared to its average volume of 1,527,982. 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 firm's fifty day moving average price is $5.70 and its 200-day moving average price is $6.08. Powerfleet, Inc. has a fifty-two week low of $3.70 and a fifty-two week high of $8.71.
Powerfleet (NASDAQ:AIOT - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). On average, analysts predict that Powerfleet, Inc. will post -0.32 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on AIOT shares. Barrington Research reissued an "outperform" rating and issued a $15.00 target price on shares of Powerfleet in a research note on Thursday, February 13th. Northland Securities lifted their price objective on shares of Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Lake Street Capital upped their target price on shares of Powerfleet from $7.00 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th.
Check Out Our Latest Report on AIOT
Powerfleet Company Profile
(
Free Report)
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.
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