PowerFleet (NASDAQ:PWFL - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at William Blair in a research note issued on Wednesday, RTT News reports.
A number of other brokerages have also recently weighed in on PWFL. Lake Street Capital lifted their price objective on shares of PowerFleet from $4.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Canaccord Genuity Group boosted their price target on shares of PowerFleet from $6.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Barrington Research boosted their price target on shares of PowerFleet from $7.00 to $10.00 and gave the stock an "outperform" rating in a report on Tuesday. Northland Securities began coverage on shares of PowerFleet in a report on Monday, March 18th. They set an "outperform" rating and a $7.00 price target for the company. Finally, TheStreet upgraded shares of PowerFleet from a "d" rating to a "c-" rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PowerFleet currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.43.
Read Our Latest Stock Report on PWFL
PowerFleet Stock Up 2.1 %
Shares of PWFL stock traded up $0.10 during trading on Wednesday, reaching $4.89. The company's stock had a trading volume of 937,595 shares, compared to its average volume of 580,625. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.71 and a quick ratio of 1.28. The company has a market capitalization of $527.73 million, a price-to-earnings ratio of -15.77 and a beta of 1.72. The stock's 50-day moving average price is $4.05 and its 200 day moving average price is $3.14. PowerFleet has a 1-year low of $1.64 and a 1-year high of $5.67.
PowerFleet (NASDAQ:PWFL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The business had revenue of $34.50 million during the quarter, compared to analyst estimates of $33.23 million. PowerFleet had a negative net margin of 3.86% and a negative return on equity of 6.08%. On average, research analysts anticipate that PowerFleet will post -0.17 EPS for the current year.
Institutional Trading of PowerFleet
Several institutional investors and hedge funds have recently bought and sold shares of PWFL. Worth Venture Partners LLC raised its position in PowerFleet by 17.7% in the 3rd quarter. Worth Venture Partners LLC now owns 31,111 shares of the company's stock valued at $64,000 after purchasing an additional 4,679 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in PowerFleet in the 3rd quarter valued at $87,000. Victory Capital Management Inc. purchased a new stake in PowerFleet in the 4th quarter valued at $112,000. Sierra Summit Advisors LLC acquired a new position in PowerFleet in the 4th quarter valued at $121,000. Finally, Potomac Capital Management Inc. increased its stake in PowerFleet by 36.7% in the 3rd quarter. Potomac Capital Management Inc. now owns 216,571 shares of the company's stock valued at $448,000 after buying an additional 58,088 shares during the period. Hedge funds and other institutional investors own 73.40% of the company's stock.
About PowerFleet
(
Get Free Report)
PowerFleet, Inc provides wireless Internet-of-Things (IoT) asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.
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