Yaupon Capital Management LP Invests $3.14 Million in Powerfleet, Inc. (NASDAQ:AIOT)

Yaupon Capital Management LP acquired a new position in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 471,936 shares of the company's stock, valued at approximately $3,143,000. Yaupon Capital Management LP owned 0.36% of Powerfleet at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kopion Asset Management LLC bought a new stake in Powerfleet during the fourth quarter worth $7,361,000. Yarbrough Capital LLC bought a new stake in shares of Powerfleet during the 4th quarter worth $372,000. Financial Management Professionals Inc. bought a new position in Powerfleet in the fourth quarter valued at about $50,000. SG Americas Securities LLC acquired a new position in Powerfleet during the fourth quarter worth about $228,000. Finally, Inspire Investing LLC bought a new position in shares of Powerfleet in the fourth quarter worth about $398,000. 73.40% of the stock is owned by institutional investors and hedge funds.

Powerfleet Trading Down 0.2 %

NASDAQ AIOT traded down $0.01 on Friday, hitting $5.12. The company's stock had a trading volume of 785,938 shares, compared to its average volume of 1,527,982. The company's 50-day moving average is $5.70 and its 200 day moving average is $6.08. Powerfleet, Inc. has a 1-year low of $3.70 and a 1-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.

Powerfleet (NASDAQ:AIOT - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13). As a group, equities analysts predict that Powerfleet, Inc. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AIOT shares. Barrington Research reaffirmed an "outperform" rating and set a $15.00 price target on shares of Powerfleet in a report on Thursday, February 13th. Northland Securities upped their price target on shares of Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, Lake Street Capital boosted their price objective on Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th.

Powerfleet Company 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.