Powerfleet (NASDAQ:AIOT - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $15.00 price target on the stock. Barrington Research's price target would indicate a potential upside of 210.24% from the company's previous close.
AIOT has been the topic of several other reports. Northland Securities lifted their price target on Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Raymond James dropped their price target on Powerfleet from $10.00 to $8.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Lake Street Capital lifted their price target on Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $11.25.
Read Our Latest Report on AIOT
Powerfleet Stock Up 0.3%
Shares of Powerfleet stock traded up $0.02 during trading on Friday, hitting $4.84. 142,447 shares of the stock traded hands, compared to its average volume of 1,522,361. The company has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $6.11. The company has a quick ratio of 1.02, a current ratio of 1.21 and a debt-to-equity ratio of 0.51. Powerfleet has a twelve month low of $3.70 and a twelve month high of $8.71.
Institutional Trading of Powerfleet
Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new stake in Powerfleet in the 4th quarter valued at $25,000. Comerica Bank acquired a new stake in Powerfleet in the 4th quarter valued at $42,000. NBC Securities Inc. acquired a new stake in Powerfleet in the 1st quarter valued at $36,000. California State Teachers Retirement System acquired a new stake in Powerfleet in the 4th quarter valued at $46,000. Finally, Spire Wealth Management acquired a new position in Powerfleet in the fourth quarter worth $55,000. Institutional investors and hedge funds own 73.40% of the company's stock.
Powerfleet Company Profile
(
Get Free Report)
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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