Bard Associates Inc. purchased a new position in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 348,720 shares of the company's stock, valued at approximately $2,322,000. Bard Associates Inc. owned 0.26% of Powerfleet as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Powerfleet during the 4th quarter valued at $11,034,000. Kopion Asset Management LLC purchased a new position in shares of Powerfleet in the fourth quarter valued at $7,361,000. Hodges Capital Management Inc. bought a new stake in shares of Powerfleet during the 4th quarter valued at $10,982,000. Inspire Investing LLC purchased a new stake in Powerfleet during the 4th quarter worth about $398,000. Finally, Rice Hall James & Associates LLC bought a new position in Powerfleet in the 4th quarter worth about $2,706,000. Hedge funds and other institutional investors own 73.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on AIOT shares. 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. Barrington Research reaffirmed an "outperform" rating and set a $15.00 target price on shares of Powerfleet in a report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of Powerfleet in a report on Thursday, November 21st. Finally, Lake Street Capital upped their price target on shares of Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th.
Get Our Latest Research Report on AIOT
Powerfleet Price Performance
Shares of AIOT stock traded down $0.07 during trading on Friday, hitting $5.93. The company had a trading volume of 2,561,356 shares, compared to its average volume of 2,279,331. The stock's 50-day moving average is $6.64 and its two-hundred day moving average is $5.97. 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, Inc. has a 52 week low of $2.88 and a 52 week high of $8.71.
Powerfleet (NASDAQ:AIOT - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.13). Research analysts predict that Powerfleet, Inc. will post -0.32 EPS for the current fiscal year.
Powerfleet Company Profile
(
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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