Powerfleet (NASDAQ:AIOT) Price Target Raised to $15.00

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

AIOT has been the subject of several other reports. William Blair reiterated an “outperform” rating on shares of Powerfleet in a research report on Thursday, November 21st. Northland Securities increased their price objective on shares of Powerfleet from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday.

Powerfleet Trading Up 3.5 %

Shares of AIOT stock opened at $7.36 on Friday. The stock has a 50-day moving average price of $5.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. Powerfleet has a 12 month low of $2.22 and a 12 month high of $7.38.

Powerfleet (NASDAQ:AIOT) last posted its 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 firm had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.54 million. During the same period in the prior year, the firm earned ($0.14) EPS. Equities analysts forecast 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.