Powerfleet (NASDAQ:AIOT) Stock Price Expected to Rise, Northland Securities Analyst Says

Powerfleet (NASDAQ:AIOT) had its price target lifted by equities research analysts at Northland Securities from $8.00 to $10.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 50.60% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and set a $10.00 price objective 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.

Powerfleet Stock Performance

NASDAQ:AIOT opened at $6.64 on Friday. 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 company has a 50-day moving average price of $5.30. Powerfleet has a 12-month low of $2.22 and a 12-month high of $6.80.

Powerfleet (NASDAQ:AIOT) last posted its quarterly 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 business had revenue of $77.02 million during the quarter, compared to the consensus estimate of $74.54 million. During the same period last year, the business earned ($0.14) EPS. Analysts forecast that Powerfleet will post -0.13 earnings per share 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.