Powerfleet (NASDAQ:AIOT - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13), Zacks reports. Powerfleet updated its FY 2025 guidance to EPS.
Powerfleet Stock Performance
Shares of Powerfleet stock traded up $0.19 on Thursday, reaching $8.07. 3,272,042 shares of the company were exchanged, compared to its average volume of 2,363,874. Powerfleet has a 1-year low of $2.85 and a 1-year high of $8.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. The stock's 50 day moving average price is $6.47 and its 200-day moving average price is $5.68.
Insider Transactions at Powerfleet
In other news, insider Catherine J. Lewis sold 82,010 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.05, for a total transaction of $578,170.50. Following the completion of the transaction, the insider now directly owns 240,962 shares of the company's stock, valued at approximately $1,698,782.10. The trade was a 25.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AIOT. Lake Street Capital lifted their target price on Powerfleet from $7.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of Powerfleet in a research report on Thursday, November 21st. Northland Securities lifted their target price on Powerfleet from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Powerfleet in a research report on Thursday.
Check Out Our Latest Report on AIOT
About Powerfleet
(
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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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