Powerfleet (NASDAQ:AIOT) Price Target Raised to $10.00

Powerfleet (NASDAQ:AIOT) had its price objective hoisted by analysts at Northland Securities from $8.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 40.65% from the company’s current price.

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

Powerfleet Stock Up 7.1 %

AIOT stock opened at $7.11 on Friday. The company has a 50 day simple moving average of $5.34. 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 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 the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.54 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. As a group, equities research analysts anticipate that Powerfleet will post -0.14 earnings per share for the current year.

About Powerfleet

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.