Powerfleet (NASDAQ:AIOT) Price Target Raised to $15.00

Powerfleet (NASDAQ:AIOT) had its price target boosted by Barrington Research from $10.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Northland Securities upped their price objective on Powerfleet from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Friday. William Blair reiterated an “outperform” rating on shares of Powerfleet in a report on Thursday.

Powerfleet Trading Up 7.1 %

NASDAQ AIOT opened at $7.11 on Friday. The firm has a 50-day moving average of $5.34. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.25. Powerfleet has a 12 month low of $2.22 and a 12 month high of $7.23.

Powerfleet (NASDAQ:AIOT) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $74.54 million. During the same period in the previous year, the company earned ($0.14) EPS. As a group, equities analysts predict that Powerfleet will post -0.14 earnings per share for the current year.

Powerfleet Company Profile

PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.