PowerFleet, Inc. $AIOT Stake Lifted by 325 Capital LLC

325 Capital LLC grew its holdings in PowerFleet, Inc. (NASDAQ:AIOT) by 5.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,837,410 shares of the company’s stock after purchasing an additional 191,031 shares during the period. PowerFleet accounts for about 7.2% of 325 Capital LLC’s investment portfolio, making the stock its 6th biggest holding. 325 Capital LLC’s holdings in PowerFleet were worth $20,415,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hurley Capital LLC purchased a new position in shares of PowerFleet in the 4th quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new position in shares of PowerFleet in the 4th quarter valued at approximately $48,000. BNP Paribas Financial Markets grew its stake in shares of PowerFleet by 100.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,756 shares of the company’s stock valued at $51,000 after purchasing an additional 5,904 shares during the last quarter. MGO One Seven LLC purchased a new position in shares of PowerFleet in the 4th quarter valued at approximately $55,000. Finally, Krilogy Financial LLC purchased a new position in shares of PowerFleet in the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AIOT. UBS Group set a $7.00 target price on PowerFleet in a research note on Tuesday. Weiss Ratings downgraded PowerFleet from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday. Raymond James Financial reduced their price target on PowerFleet from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.67.

PowerFleet Stock Performance

Shares of AIOT stock opened at $4.09 on Thursday. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $4.11. The stock has a market cap of $548.80 million, a PE ratio of -25.56 and a beta of 1.43. PowerFleet, Inc. has a 1 year low of $2.78 and a 1 year high of $5.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.13.

PowerFleet (NASDAQ:AIOT) last issued its quarterly earnings data on Monday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $112.98 million. PowerFleet had a negative return on equity of 1.33% and a negative net margin of 4.63%.During the same period in the previous year, the firm posted ($0.09) earnings per share. Sell-side analysts forecast that PowerFleet, Inc. will post 0.14 earnings per share for the current fiscal year.

PowerFleet Company Profile

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.