PowerFleet, Inc. (NASDAQ:AIOT) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give PowerFleet a "Moderate Buy": six analysts cover the stock (four buy, two hold) with an average 1-year price target of about $10.33, though views diverge—Barrington rates it outperform at $15, Weiss upgraded to hold, and Wall Street Zen recently downgraded to sell.
• Latest quarter showed a mixed picture: EPS of $0.02 missed the $0.04 estimate while revenue of $113.49M beat expectations, but the company remains unprofitable with a -7% net margin and analysts expect -0.32 EPS for the fiscal year.
• Shares trade around $3.32 with a market cap of ~$445M and a 52-week range of $2.78–$6.07, and institutional investors hold roughly 73.4% of the stock.

Shares of PowerFleet, Inc. (NASDAQ:AIOT - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.3333.

Several analysts have commented on AIOT shares. Weiss Ratings upgraded shares of PowerFleet from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Tuesday, February 10th. Barrington Research reiterated an "outperform" rating and issued a $15.00 price target on shares of PowerFleet in a research note on Friday, February 6th. Finally, Wall Street Zen downgraded shares of PowerFleet from a "hold" rating to a "sell" rating in a report on Saturday, April 11th.

PowerFleet Stock Up 2.2%

Shares of AIOT stock opened at $3.32 on Friday. The stock has a market cap of $445.37 million, a P/E ratio of -14.43 and a beta of 1.40. PowerFleet has a 52 week low of $2.78 and a 52 week high of $6.07. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The company's fifty day simple moving average is $3.38 and its two-hundred day simple moving average is $4.56.

PowerFleet (NASDAQ:AIOT - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $113.49 million during the quarter, compared to analysts' expectations of $111.69 million. PowerFleet had a negative return on equity of 5.23% and a negative net margin of 7.00%. Analysts predict that PowerFleet will post -0.32 EPS for the current fiscal year.

Institutional Trading of PowerFleet

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PowerFleet by 1.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,082 shares of the company's stock valued at $888,000 after buying an additional 2,871 shares in the last quarter. Connors Investor Services Inc. raised its position in shares of PowerFleet by 5.7% during the 4th quarter. Connors Investor Services Inc. now owns 56,000 shares of the company's stock valued at $298,000 after buying an additional 3,000 shares in the last quarter. R Squared Ltd raised its position in shares of PowerFleet by 40.6% during the 4th quarter. R Squared Ltd now owns 16,073 shares of the company's stock valued at $86,000 after buying an additional 4,640 shares in the last quarter. First Dallas Securities Inc. raised its position in shares of PowerFleet by 13.0% during the 3rd quarter. First Dallas Securities Inc. now owns 43,500 shares of the company's stock valued at $228,000 after buying an additional 5,000 shares in the last quarter. Finally, CWM LLC raised its position in shares of PowerFleet by 784.9% during the 3rd quarter. CWM LLC now owns 6,203 shares of the company's stock valued at $33,000 after buying an additional 5,502 shares in the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

About PowerFleet

PowerFleet, Inc NASDAQ: AIOT develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company's systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company's hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.

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