PowerFleet’s (PWFL) “Outperform” Rating Reiterated at William Blair

William Blair reissued their outperform rating on shares of PowerFleet (NASDAQ:PWFL) in a research note published on Wednesday morning, RTT News reports. William Blair also issued estimates for PowerFleet’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS and Q1 2026 earnings at $0.05 EPS.

Other equities research analysts have also issued research reports about the stock. Craig Hallum initiated coverage on shares of PowerFleet in a report on Friday, March 15th. They set a buy rating and a $9.00 price target on the stock. Raymond James reissued an outperform rating and set a $7.00 target price on shares of PowerFleet in a research note on Tuesday, April 2nd. TheStreet raised PowerFleet from a d rating to a c- rating in a research report on Thursday, March 14th. Barrington Research lifted their price target on PowerFleet from $7.00 to $10.00 and gave the company an outperform rating in a report on Tuesday. Finally, Canaccord Genuity Group increased their price objective on PowerFleet from $6.00 to $10.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $8.43.

PowerFleet Stock Performance

Shares of NASDAQ PWFL opened at $4.99 on Wednesday. PowerFleet has a 52-week low of $1.64 and a 52-week high of $5.67. The stock has a market capitalization of $538.52 million, a price-to-earnings ratio of -16.10 and a beta of 1.75. The company has a quick ratio of 1.28, a current ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.15.

PowerFleet (NASDAQ:PWFL) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $34.50 million during the quarter, compared to analysts’ expectations of $33.23 million. PowerFleet had a negative return on equity of 6.08% and a negative net margin of 3.86%. As a group, sell-side analysts forecast that PowerFleet will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of PowerFleet

A number of institutional investors have recently bought and sold shares of the company. Kennedy Capital Management LLC purchased a new stake in shares of PowerFleet during the 3rd quarter worth about $87,000. Equitable Trust Co. increased its holdings in PowerFleet by 35.1% in the fourth quarter. Equitable Trust Co. now owns 269,992 shares of the company’s stock worth $923,000 after buying an additional 70,198 shares during the last quarter. Perritt Capital Management Inc. raised its position in PowerFleet by 22.5% during the third quarter. Perritt Capital Management Inc. now owns 290,488 shares of the company’s stock valued at $601,000 after acquiring an additional 53,300 shares in the last quarter. AWM Investment Company Inc. lifted its stake in PowerFleet by 5.2% in the third quarter. AWM Investment Company Inc. now owns 2,974,946 shares of the company’s stock valued at $6,158,000 after acquiring an additional 147,408 shares during the last quarter. Finally, Worth Venture Partners LLC grew its position in PowerFleet by 17.7% in the third quarter. Worth Venture Partners LLC now owns 31,111 shares of the company’s stock worth $64,000 after acquiring an additional 4,679 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

PowerFleet Company Profile

PowerFleet, Inc provides wireless Internet-of-Things (IoT) 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.