1 week Ago By Defense World Staff
LPL Financial LLC bought a new position in Powerfleet, Inc. (NASDAQ:AIOT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 59,774 shares of the company’s stock, valued at approximately $398,000.
A number of other institutional investors have also bought and sold shares of AIOT. Royce & Associates LP bought a new position in shares of Powerfleet in the fourth quarter worth about $24,487,000. Private Management Group Inc.
bought a new stake in shares of Powerfleet during the fourth quarter valued at approximately $23,147,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Powerfleet in the fourth quarter worth $11,034,000. Hodges Capital Management Inc.
bought a new position in shares of Powerfleet during the fourth quarter worth $10,982,000. Finally, AMH Equity Ltd purchased a new position in Powerfleet during the fourth quarter valued at $7,819,000. Hedge funds and other institutional investors own 73.
40% of the company’s stock. Powerfleet Stock PerformanceNASDAQ AIOT opened at $5.12 on Friday.
The business’s 50 day moving average price is $5.70 and its 200-day moving average price is $6.08.
Powerfleet, Inc. has a fifty-two week low of $3.70 and a fifty-two week high of $8.
71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.
21 and a quick ratio of 1.02. Powerfleet (NASDAQ:AIOT – Get Free Report) last released its earnings results on Monday, February 10th.
The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.
13). On average, analysts forecast that Powerfleet, Inc. will post -0.
32 earnings per share for the current year. Wall Street Analysts Forecast GrowthSeveral research firms have commented on AIOT. Barrington Research reissued an “outperform” rating and set a $15.
00 price objective on shares of Powerfleet in a report on Thursday, February 13th. Northland Securities raised their price target on Powerfleet from $10.00 to $11.
00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Lake Street Capital upped their price objective on Powerfleet from $7.00 to $11.
00 and gave the stock a “buy” rating in a report on Tuesday, February 11th.Check Out Our Latest Analysis on AIOTPowerfleet Profile (Free Report)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.
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