PowerFleet (NASDAQ:AIOT - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.
AIOT has been the subject of several other reports. Barrington Research reissued an "outperform" rating and set a $15.00 price target on shares of PowerFleet in a report on Friday, February 6th. Weiss Ratings upgraded PowerFleet from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.33.
View Our Latest Report on AIOT
PowerFleet Stock Performance
NASDAQ:AIOT opened at $2.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.96. The firm has a market cap of $395.73 million, a price-to-earnings ratio of -12.83 and a beta of 1.40. The firm's fifty day moving average price is $3.51 and its 200 day moving average price is $4.62. PowerFleet has a 1-year low of $2.78 and a 1-year high of $6.07.
PowerFleet (NASDAQ:AIOT - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The firm had revenue of $113.49 million for 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%. On average, sell-side analysts expect that PowerFleet will post -0.32 EPS for the current year.
Institutional Trading of PowerFleet
A number of institutional investors have recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in PowerFleet in the fourth quarter valued at $32,000. State of Alaska Department of Revenue acquired a new position in shares of PowerFleet during the 3rd quarter worth $31,000. CWM LLC boosted its position in shares of PowerFleet by 784.9% in the 3rd quarter. CWM LLC now owns 6,203 shares of the company's stock worth $33,000 after buying an additional 5,502 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of PowerFleet in the 4th quarter worth about $48,000. Finally, MGO One Seven LLC acquired a new stake in PowerFleet in the 4th quarter valued at about $55,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
About PowerFleet
(
Get Free Report)
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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