Powerfleet (NASDAQ:AIOT) Earns Outperform Rating from William Blair

Powerfleet (NASDAQ:AIOT)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a research report issued on Thursday,RTT News reports.

Separately, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a research report on Monday, November 11th.

Powerfleet Stock Up 7.1 %

NASDAQ:AIOT opened at $7.11 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.71. The firm has a 50-day moving average of $5.30. Powerfleet has a 52-week low of $2.22 and a 52-week high of $7.23.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $74.54 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. On average, analysts expect that Powerfleet will post -0.13 earnings per share 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.