Powerfleet (NASDAQ:AIOT) Stock Price Expected to Rise, Barrington Research Analyst Says

Powerfleet (NASDAQ:AIOT) had its price target boosted by Barrington Research from $10.00 to $15.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research report on Thursday, November 21st. Northland Securities increased their target price on shares of Powerfleet from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday.

Powerfleet Price Performance

Powerfleet stock opened at $7.36 on Friday. Powerfleet has a 52-week low of $2.22 and a 52-week high of $7.38. The stock has a fifty day simple moving average of $5.39. 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 (NASDAQ:AIOT) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million for the quarter, compared to analyst estimates of $74.54 million. During the same period last year, the firm posted ($0.14) earnings per share. On average, sell-side analysts predict that Powerfleet will post -0.14 EPS for the current fiscal 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.