Powerfleet, Inc. (NASDAQ:AIOT - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $7.45 and last traded at $7.26, with a volume of 1227183 shares trading hands. The stock had previously closed at $5.95.
Analyst Ratings Changes
AIOT has been the topic of a number of recent research reports. Lake Street Capital lifted their target price on Powerfleet from $7.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday. William Blair reiterated an "outperform" rating on shares of Powerfleet in a research report on Thursday, November 21st. Northland Securities boosted their price objective on Powerfleet from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Barrington Research restated an "outperform" rating and issued a $15.00 target price on shares of Powerfleet in a research note on Thursday.
Read Our Latest Report on Powerfleet
Powerfleet Trading Up 2.2 %
The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. The stock's 50 day moving average is $6.47 and its two-hundred day moving average is $5.68.
Powerfleet (NASDAQ:AIOT - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). As a group, research analysts anticipate that Powerfleet, Inc. will post -0.14 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Powerfleet news, insider Catherine J. Lewis sold 82,010 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $7.05, for a total value of $578,170.50. Following the transaction, the insider now directly owns 240,962 shares in the company, valued at $1,698,782.10. The trade was a 25.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.79% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of AIOT. Kopion Asset Management LLC bought a new stake in Powerfleet during the 4th quarter worth approximately $7,361,000. Yarbrough Capital LLC bought a new stake in shares of Powerfleet during the fourth quarter worth $372,000. Financial Management Professionals Inc. acquired a new stake in shares of Powerfleet in the fourth quarter valued at $50,000. SG Americas Securities LLC bought a new position in shares of Powerfleet in the fourth quarter valued at about $228,000. Finally, Inspire Investing LLC acquired a new position in Powerfleet during the 4th quarter worth about $398,000. Institutional investors own 73.40% of the company's stock.
About Powerfleet
(
Get 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.
Further Reading
Before you consider Powerfleet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Powerfleet wasn't on the list.
While Powerfleet currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
