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

Powerfleet (NASDAQ:AIOT) posted its quarterly earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13), Zacks reports. Powerfleet updated its FY 2025 guidance to EPS.

Powerfleet Price Performance

Shares of NASDAQ:AIOT opened at $7.80 on Tuesday. The firm’s 50 day simple moving average is $6.40 and its 200-day simple moving average is $5.62. 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 has a one year low of $2.85 and a one year high of $8.26.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Northland Securities lifted their price target on shares of Powerfleet from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. 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. Finally, William Blair restated an “outperform” rating on shares of Powerfleet in a report on Thursday, November 21st.

Insider Activity at Powerfleet

In other news, insider Catherine J. Lewis sold 82,010 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $7.05, for a total transaction of $578,170.50. Following the transaction, the insider now owns 240,962 shares of the company’s stock, valued at approximately $1,698,782.10. This represents a 25.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.79% of the stock is owned by company insiders.

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.