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

Powerfleet (NASDAQ:AIOT) had its price objective boosted by Northland Securities from $8.00 to $10.00 in a research note released on Friday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other equities analysts also recently commented on AIOT. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Powerfleet in a research note on Monday, November 11th. William Blair reissued an “outperform” rating on shares of Powerfleet in a research note on Thursday.

Powerfleet Trading Up 7.1 %

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

Powerfleet (NASDAQ:AIOT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company earned ($0.14) EPS. Analysts anticipate that Powerfleet will post -0.14 earnings per share for the current 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.