PowerFleet’s (AIOT) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of PowerFleet (NASDAQ:AIOT) in a research report released on Wednesday morning,Benzinga reports. Barrington Research currently has a $15.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. William Blair restated an “outperform” rating on shares of PowerFleet in a research note on Tuesday, November 11th. Zacks Research raised PowerFleet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of PowerFleet in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded PowerFleet from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

PowerFleet Stock Performance

Shares of AIOT opened at $5.07 on Wednesday. The company has a 50-day moving average of $5.08 and a two-hundred day moving average of $4.82. The stock has a market cap of $677.82 million, a price-to-earnings ratio of -16.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.07 and a quick ratio of 0.92. PowerFleet has a one year low of $3.70 and a one year high of $8.71.

PowerFleet (NASDAQ:AIOT) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. PowerFleet had a negative return on equity of 8.56% and a negative net margin of 9.95%.The business had revenue of $111.68 million for the quarter, compared to the consensus estimate of $105.51 million. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts expect that PowerFleet will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AIOT. Connors Investor Services Inc. boosted its position in PowerFleet by 12.8% during the third quarter. Connors Investor Services Inc. now owns 53,000 shares of the company’s stock worth $278,000 after purchasing an additional 6,000 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of PowerFleet in the third quarter worth $69,000. Voss Capital LP boosted its holdings in shares of PowerFleet by 4.3% during the 3rd quarter. Voss Capital LP now owns 5,800,000 shares of the company’s stock worth $30,392,000 after buying an additional 240,509 shares during the period. Worth Venture Partners LLC bought a new stake in shares of PowerFleet during the 3rd quarter worth $177,000. Finally, Verition Fund Management LLC grew its stake in PowerFleet by 56.5% in the 3rd quarter. Verition Fund Management LLC now owns 37,789 shares of the company’s stock valued at $198,000 after buying an additional 13,637 shares during the last quarter. 73.40% of the stock is owned by institutional investors.

PowerFleet Company Profile

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.