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

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

A number of other research firms have also weighed in on AIOT. Barrington Research restated an “outperform” rating and set a $10.00 target price 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 report on Thursday, November 21st.

Powerfleet Trading Up 3.5 %

Powerfleet stock opened at $7.36 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. Powerfleet has a 52-week low of $2.22 and a 52-week high of $7.38. The business’s 50 day simple moving average is $5.39.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analysts’ expectations of $74.54 million. During the same period last year, the firm earned ($0.14) earnings per share. As a group, equities analysts forecast that Powerfleet will post -0.14 EPS for the current fiscal year.

About Powerfleet

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.