Powerfleet (NASDAQ:AIOT) Given New $10.00 Price Target at Northland Securities

Powerfleet (NASDAQ:AIOT) had its target price hoisted by Northland Securities from $8.00 to $10.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on AIOT. William Blair restated an “outperform” rating on shares of Powerfleet in a research report on Thursday. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Powerfleet in a research report on Monday, November 11th.

Powerfleet Trading Up 7.1 %

Shares of AIOT stock opened at $7.11 on Friday. The firm’s 50 day moving average is $5.30. 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 twelve month low of $2.22 and a twelve month high of $7.23.

Powerfleet (NASDAQ:AIOT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share 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 the consensus estimate of $74.54 million. During the same period in the prior year, the company posted ($0.14) EPS. On average, equities research analysts forecast 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.