Y Intercept Hong Kong Ltd bought a new stake in shares of Powerfleet, Inc. (NASDAQ:AIOT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 72,044 shares of the company's stock, valued at approximately $480,000. Y Intercept Hong Kong Ltd owned about 0.05% of Powerfleet at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of AIOT. Financial Management Professionals Inc. bought a new position in shares of Powerfleet during the 4th quarter valued at about $50,000. Spire Wealth Management purchased a new stake in Powerfleet in the fourth quarter worth approximately $55,000. Private Advisor Group LLC bought a new position in Powerfleet during the fourth quarter valued at approximately $68,000. New York State Common Retirement Fund bought a new position in Powerfleet during the fourth quarter valued at approximately $113,000. Finally, Bfsg LLC purchased a new position in shares of Powerfleet during the fourth quarter worth approximately $178,000. 73.40% of the stock is currently owned by institutional investors.
Powerfleet Stock Performance
Shares of AIOT traded down $0.58 during mid-day trading on Thursday, hitting $5.96. 827,725 shares of the company's stock traded hands, compared to its average volume of 2,245,623. The business's 50-day moving average price is $6.66 and its 200-day moving average price is $5.97. Powerfleet, Inc. has a 1 year low of $2.88 and a 1 year high of $8.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.21 and a quick ratio of 1.02.
Powerfleet (NASDAQ:AIOT - Get Free Report) last issued its quarterly earnings data 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.
Analyst Ratings Changes
Several brokerages recently weighed in on AIOT. William Blair restated an "outperform" rating on shares of Powerfleet in a report on Thursday, November 21st. Northland Securities increased their price objective on Powerfleet from $10.00 to $11.00 and gave the company 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 note on Thursday, February 13th. Finally, Lake Street Capital increased their price target 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.
Check Out Our Latest Stock Analysis on AIOT
Powerfleet 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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