Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Consensus Rating of “Hold” by Analysts

Proficient Auto Logistics, Inc. (NASDAQ:PAL) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.00.

PAL has been the subject of several research analyst reports. Barrington Research set a $10.00 price target on shares of Proficient Auto Logistics in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Proficient Auto Logistics from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Stifel Nicolaus reduced their price target on shares of Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Proficient Auto Logistics in a research report on Wednesday, May 13th.

Insider Activity

In other Proficient Auto Logistics news, Director Rohit Lal acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $6.38 per share, with a total value of $63,800.00. Following the purchase, the director owned 20,000 shares in the company, valued at approximately $127,600. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Odell sold 33,743 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $5.08, for a total transaction of $171,414.44. Following the sale, the chief executive officer directly owned 964,099 shares of the company’s stock, valued at approximately $4,897,622.92. This represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have purchased 13,800 shares of company stock valued at $83,370. Insiders own 14.20% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Several large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its stake in Proficient Auto Logistics by 44.6% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after acquiring an additional 1,789 shares in the last quarter. Alliancebernstein L.P. grew its stake in Proficient Auto Logistics by 15.0% during the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock valued at $95,000 after acquiring an additional 1,800 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Proficient Auto Logistics by 77.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after acquiring an additional 1,975 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Proficient Auto Logistics by 32.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,636 shares of the company’s stock valued at $151,000 after acquiring an additional 3,810 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Proficient Auto Logistics by 44.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock valued at $105,000 after acquiring an additional 3,866 shares in the last quarter.

Proficient Auto Logistics Trading Down 0.6%

Shares of Proficient Auto Logistics stock opened at $8.35 on Friday. Proficient Auto Logistics has a fifty-two week low of $4.85 and a fifty-two week high of $10.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day simple moving average of $6.48 and a two-hundred day simple moving average of $7.86. The company has a market cap of $231.88 million, a P/E ratio of -6.28 and a beta of 1.53.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.