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Research analysts at FBR Capital Markets decreased their price target on shares of FleetMatics Group PLC (NASDAQ:FLTX) from $50.00 to $42.00 in a report released on Friday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 15.16% from the company’s current price.

In other FleetMatics Group PLC news, CFO Stephen Lifshatz sold 7,500 shares of FleetMatics Group PLC stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $38.88, for a total transaction of $291,600.00. Following the completion of the transaction, the chief financial officer now directly owns 1 shares of the company’s stock, valued at approximately $39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FleetMatics Group PLC (NASDAQ:FLTX) traded down 8.71% during mid-day trading on Friday, hitting $36.47. 5,646,806 shares of the company’s stock traded hands. FleetMatics Group PLC has a one year low of $21.14 and a one year high of $52.28. The stock has a 50-day moving average of $39.82 and a 200-day moving average of $39.41. The company has a market cap of $1.344 billion and a P/E ratio of 73.71.

FleetMatics Group PLC (NASDAQ:FLTX) last released its earnings data on Thursday, February 20th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.20. The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $49.04 million. Analysts expect that FleetMatics Group PLC will post $1.12 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at First Analysis initiated coverage on shares of FleetMatics Group PLC in a research note on Tuesday, January 14th. They set an “overweight” rating and a $40.16 price target on the stock. Analysts at Midtown Partners initiated coverage on shares of FleetMatics Group PLC in a research note on Tuesday, December 3rd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.69.

Fleetmatics Group PLC (NASDAQ:FLTX) is a provider of fleet management solutions delivered as software-as-a-service (SaaS).

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