PowerFleet (AIOT) Projected to Post Earnings on Monday

Key Points

• PowerFleet is set to release its Q1 2025 earnings on August 11th, expecting earnings of $0.01 per share and revenue of $103.18 million.
• Analysts have mixed ratings on PowerFleet, with a current average rating of "Moderate Buy" and a price target of $10.50.
• Institutional investors hold 73.40% of PowerFleet's stock, with significant recent activity including increases in stakes by Royal Bank of Canada and Goldman Sachs Group.

PowerFleet (NASDAQ:AIOT - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Monday, August 11th. Analysts expect PowerFleet to post earnings of $0.01 per share and revenue of $103.18 million for the quarter.

PowerFleet Trading Up 0.4%

AIOT traded up $0.02 during trading on Monday, hitting $3.82. The company's stock had a trading volume of 343,390 shares, compared to its average volume of 1,952,642. The firm's 50 day moving average price is $4.50 and its 200-day moving average price is $5.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.00. The stock has a market cap of $509.07 million, a PE ratio of -8.87 and a beta of 1.35. PowerFleet has a twelve month low of $3.70 and a twelve month high of $8.71.

Institutional Trading of PowerFleet

Several large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in PowerFleet in the 1st quarter valued at $251,000. Royal Bank of Canada increased its holdings in PowerFleet by 198.0% in the 1st quarter. Royal Bank of Canada now owns 91,365 shares of the company's stock valued at $501,000 after purchasing an additional 60,705 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in PowerFleet by 15.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,045,424 shares of the company's stock valued at $5,739,000 after purchasing an additional 138,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PowerFleet by 275.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 203,211 shares of the company's stock valued at $1,116,000 after purchasing an additional 149,116 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of PowerFleet during the first quarter worth $3,670,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Lake Street Capital set a $8.00 price objective on PowerFleet and gave the stock a "buy" rating in a report on Tuesday, May 27th. Barrington Research restated an "outperform" rating and set a $15.00 price objective on shares of PowerFleet in a report on Friday, June 13th. Raymond James Financial dropped 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. Finally, Wall Street Zen upgraded PowerFleet from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, PowerFleet currently has an average rating of "Moderate Buy" and an average price target of $10.50.

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.

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