Powerfleet (NASDAQ:AIOT) Announces Earnings Results, Misses Estimates By $0.13 EPS

Powerfleet (NASDAQ:AIOT) released its earnings results on Monday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13), Zacks reports. Powerfleet updated its FY 2025 guidance to EPS.

Powerfleet Stock Performance

NASDAQ AIOT opened at $8.51 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average is $6.42 and its two-hundred day moving average is $5.64. Powerfleet has a 1 year low of $2.85 and a 1 year high of $8.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AIOT shares. Lake Street Capital raised their price objective on shares of Powerfleet from $7.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research report on Thursday, November 21st. Northland Securities upped their price objective on Powerfleet from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Powerfleet in a research note on Thursday, February 6th.

Insider Transactions at Powerfleet

In other Powerfleet news, insider Catherine J. Lewis sold 82,010 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.05, for a total transaction of $578,170.50. Following the sale, the insider now owns 240,962 shares in the company, valued at approximately $1,698,782.10. The trade was a 25.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.79% of the company’s stock.

Powerfleet Company Profile

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.