Northland Securities Issues Positive Forecast for Powerfleet (NASDAQ:AIOT) Stock Price

Powerfleet (NASDAQ:AIOTFree Report) had its target price raised by Northland Securities from $8.00 to $10.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

AIOT has been the subject of several other reports. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Powerfleet in a research report on Monday, November 11th. William Blair reissued an “outperform” rating on shares of Powerfleet in a research report on Thursday.

View Our Latest Stock Report on Powerfleet

Powerfleet Trading Up 7.1 %

Shares of NASDAQ AIOT opened at $7.11 on Friday. The firm’s 50-day moving average is $5.34. Powerfleet has a 1-year low of $2.22 and a 1-year high of $7.23. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25.

Powerfleet (NASDAQ:AIOTGet Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $77.02 million for the quarter, compared to analysts’ expectations of $74.54 million. During the same quarter in the prior year, the company earned ($0.14) EPS. On average, analysts predict that Powerfleet will post -0.14 earnings per share for the current fiscal year.

Powerfleet Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Powerfleet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powerfleet and related companies with MarketBeat.com's FREE daily email newsletter.