Analysts Issue Forecasts for Powerfleet Q2 Earnings

Powerfleet, Inc. (NASDAQ:AIOT - Free Report) - Analysts at Northland Capmk issued their Q2 2026 earnings per share (EPS) estimates for shares of Powerfleet in a research note issued to investors on Tuesday, May 27th. Northland Capmk analyst G. Gibas anticipates that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Powerfleet's current full-year earnings is ($0.32) per share. Northland Capmk also issued estimates for Powerfleet's Q3 2026 earnings at $0.00 EPS and Q4 2026 earnings at $0.00 EPS.

Several other brokerages have also weighed in on AIOT. Barrington Research restated an "outperform" rating and issued a $15.00 price objective on shares of Powerfleet in a report on Friday, May 23rd. Raymond James cut their price objective on Powerfleet from $10.00 to $8.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Northland Securities upped their price objective on Powerfleet from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Lake Street Capital set a $8.00 price objective on Powerfleet and gave the company a "buy" rating in a report on Tuesday, May 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $10.50.

Powerfleet Price Performance

Shares of AIOT stock traded down $0.07 during midday trading on Wednesday, reaching $4.63. 7,655,114 shares of the company were exchanged, compared to its average volume of 1,564,120. Powerfleet has a 12 month low of $3.70 and a 12 month high of $8.71. The company's 50 day moving average price is $5.12 and its two-hundred day moving average price is $6.08. The company has a quick ratio of 1.02, a current ratio of 1.21 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new position in Powerfleet in the 1st quarter worth about $318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Powerfleet in the 1st quarter worth about $3,670,000. First Dallas Securities Inc. acquired a new position in Powerfleet in the 1st quarter worth about $167,000. Goldman Sachs Group Inc. increased its holdings in shares of Powerfleet by 15.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,045,424 shares of the company's stock valued at $5,739,000 after acquiring an additional 138,856 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Powerfleet during the 1st quarter valued at about $251,000. 73.40% of the stock is owned by institutional investors and hedge funds.

Powerfleet Company 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.