PowerFleet (NASDAQ:AIOT) Trading Down 8.8% – Should You Sell?

PowerFleet, Inc. (NASDAQ:AIOT) traded down 8.8% during trading on Monday . The company traded as low as $4.51 and last traded at $4.4850. 1,355,183 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 1,842,379 shares. The stock had previously closed at $4.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of PowerFleet in a research report on Friday, November 7th. Wall Street Zen downgraded shares of PowerFleet from a “hold” rating to a “sell” rating in a research report on Sunday, November 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of PowerFleet in a research report on Wednesday, October 8th. Zacks Research raised shares of PowerFleet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, William Blair reiterated an “outperform” rating on shares of PowerFleet in a research report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

PowerFleet Price Performance

The stock has a market capitalization of $594.85 million, a P/E ratio of -14.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.92 and a current ratio of 1.07. The business has a fifty day simple moving average of $5.17 and a 200-day simple moving average of $4.84.

PowerFleet (NASDAQ:AIOT) last issued its earnings results on Monday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $111.68 million for the quarter, compared to analyst estimates of $105.51 million. PowerFleet had a negative net margin of 9.95% and a negative return on equity of 8.56%. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that PowerFleet, Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIOT. State of Alaska Department of Revenue bought a new stake in shares of PowerFleet during the third quarter valued at approximately $31,000. CWM LLC grew its position in PowerFleet by 784.9% in the 3rd quarter. CWM LLC now owns 6,203 shares of the company’s stock valued at $33,000 after purchasing an additional 5,502 shares during the period. BNP Paribas Financial Markets increased its stake in PowerFleet by 100.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,756 shares of the company’s stock valued at $51,000 after purchasing an additional 5,904 shares in the last quarter. Spire Wealth Management increased its stake in PowerFleet by 39.6% during the 2nd quarter. Spire Wealth Management now owns 12,750 shares of the company’s stock valued at $55,000 after purchasing an additional 3,620 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in PowerFleet by 43.2% during the second quarter. Ameritas Investment Partners Inc. now owns 12,692 shares of the company’s stock worth $55,000 after buying an additional 3,826 shares during the last quarter. Institutional investors own 73.40% of the company’s stock.

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.