Tudor Investment Corp ET AL Purchases Shares of 72,609 Powerfleet, Inc. (NASDAQ:AIOT)

Tudor Investment Corp ET AL bought a new stake in Powerfleet, Inc. (NASDAQ:AIOT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,609 shares of the company's stock, valued at approximately $484,000. Tudor Investment Corp ET AL owned approximately 0.05% of Powerfleet as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AIOT. Signaturefd LLC purchased a new position in shares of Powerfleet during the 4th quarter worth $25,000. Financial Management Professionals Inc. purchased a new position in Powerfleet in the 4th quarter valued at about $50,000. Spire Wealth Management bought a new stake in shares of Powerfleet in the fourth quarter worth $55,000. Legal & General Group Plc acquired a new stake in Powerfleet during the fourth quarter valued at approximately $58,000. Finally, Summit Investment Advisors Inc. bought a new position in shares of Powerfleet in the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 73.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Northland Securities boosted their price objective on Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Barrington Research reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Powerfleet in a research report on Thursday, February 13th. Lake Street Capital boosted their price objective on shares of Powerfleet from $7.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Raymond James reduced their target price on shares of Powerfleet from $10.00 to $8.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $11.25.

Powerfleet Stock Up 1.9 %

Shares of AIOT stock traded up $0.10 during trading hours on Friday, hitting $5.31. 1,585,382 shares of the company were exchanged, compared to its average volume of 1,508,967. The business has a 50 day moving average of $5.29 and a two-hundred day moving average of $6.06. Powerfleet, Inc. has a 52 week low of $3.70 and a 52 week high of $8.71. 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 (NASDAQ:AIOT - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). As a group, research analysts expect that Powerfleet, Inc. will post -0.32 EPS for the current year.

Powerfleet 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.