Powerfleet (NASDAQ:AIOT) Issues Earnings Results

Powerfleet (NASDAQ:AIOT) issued its quarterly earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13), Zacks reports. Powerfleet updated its FY 2025 guidance to EPS.

Powerfleet Price Performance

AIOT stock opened at $7.80 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. Powerfleet has a 1-year low of $2.85 and a 1-year high of $8.26. The business has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $5.62.

Insider Buying and Selling at Powerfleet

In other news, insider Catherine J. Lewis sold 82,010 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.05, for a total transaction of $578,170.50. Following the completion of the transaction, the insider now owns 240,962 shares in the company, valued at $1,698,782.10. This trade represents a 25.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on AIOT shares. William Blair reaffirmed an “outperform” rating on shares of Powerfleet in a report on Thursday, November 21st. Northland Securities lifted their price target on shares of Powerfleet from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Powerfleet in a research report on Thursday, February 6th.

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.