PowerFleet’s (PWFL) Outperform Rating Reaffirmed at William Blair

William Blair reissued their outperform rating on shares of PowerFleet (NASDAQ:PWFL) in a research report report 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 research analysts have also recently issued reports about the stock. Lake Street Capital increased their price target on shares of PowerFleet from $4.00 to $7.00 and gave the company a buy rating in a research report on Wednesday, March 13th. Canaccord Genuity Group lifted their target price on shares of PowerFleet from $6.00 to $10.00 and gave the stock a buy rating in a research report on Wednesday, March 13th. Northland Securities initiated coverage on shares of PowerFleet in a research report on Monday, March 18th. They set an outperform rating and a $7.00 price target for the company. Raymond James reiterated an outperform rating and issued a $7.00 price objective on shares of PowerFleet in a report on Tuesday, April 2nd. Finally, TheStreet upgraded PowerFleet from a d rating to a c- rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $8.43.

PowerFleet Price Performance

PWFL opened at $4.99 on Wednesday. PowerFleet has a one year low of $1.64 and a one year high of $5.67. The company has a fifty day moving average price of $4.14 and a 200-day moving average price of $3.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.28 and a current ratio of 1.71.

PowerFleet (NASDAQ:PWFL) last announced its earnings results on Tuesday, March 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). PowerFleet had a negative net margin of 3.86% and a negative return on equity of 6.08%. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $33.23 million. Sell-side analysts anticipate that PowerFleet will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Worth Venture Partners LLC raised its holdings in shares of PowerFleet by 17.7% during the third quarter. Worth Venture Partners LLC now owns 31,111 shares of the company’s stock valued at $64,000 after acquiring an additional 4,679 shares in the last quarter. Kennedy Capital Management LLC bought a new position in PowerFleet in the 3rd quarter worth $87,000. Victory Capital Management Inc. bought a new stake in shares of PowerFleet during the 4th quarter valued at about $112,000. Sierra Summit Advisors LLC bought a new stake in shares of PowerFleet during the 4th quarter valued at about $121,000. Finally, Potomac Capital Management Inc. increased its position in shares of PowerFleet by 36.7% during the third quarter. Potomac Capital Management Inc. now owns 216,571 shares of the company’s stock valued at $448,000 after buying an additional 58,088 shares during the period. Institutional investors 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.