FY2025 EPS Estimates for Powerfleet Decreased by Analyst

Powerfleet, Inc. (NASDAQ:AIOT - Free Report) - Research analysts at Roth Capital dropped their FY2025 earnings per share (EPS) estimates for Powerfleet in a research report issued on Monday, May 26th. Roth Capital analyst S. Searle now forecasts that the company will earn ($0.34) per share for the year, down from their previous forecast of ($0.33). The consensus estimate for Powerfleet's current full-year earnings is ($0.32) per share.

Several other equities research analysts have also recently weighed in on AIOT. Northland Securities upped their price target on Powerfleet from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. 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. Barrington Research reissued an "outperform" rating and set a $15.00 price objective on shares of Powerfleet in a report on Friday, May 23rd. Finally, 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $10.50.

Powerfleet Trading Down 1.5%

Shares of AIOT traded down $0.07 during midday trading on Thursday, hitting $4.63. 7,655,114 shares of the company traded hands, compared to its average volume of 1,564,120. The stock has a 50-day moving average of $5.12 and a 200-day moving average of $6.08. Powerfleet has a one year low of $3.70 and a one year high of $8.71. The company has a current ratio of 1.21, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Institutional Trading of Powerfleet

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Powerfleet during the fourth quarter valued at approximately $228,000. Spire Wealth Management bought a new position in Powerfleet during the fourth quarter valued at approximately $55,000. Hodges Capital Management Inc. bought a new position in Powerfleet during the fourth quarter valued at approximately $10,982,000. Calamos Advisors LLC bought a new position in Powerfleet during the fourth quarter valued at approximately $2,191,000. Finally, Private Management Group Inc. bought a new position in Powerfleet during the fourth quarter valued at approximately $23,147,000. Hedge funds and other institutional investors own 73.40% of the company's stock.

About Powerfleet

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.