PowerFleet, Inc. $AIOT Shares Acquired by Bandera Partners LLC

Bandera Partners LLC increased its holdings in shares of PowerFleet, Inc. (NASDAQ:AIOT) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,881,666 shares of the company’s stock after purchasing an additional 17,349 shares during the period. PowerFleet accounts for approximately 3.7% of Bandera Partners LLC’s holdings, making the stock its 10th largest position. Bandera Partners LLC owned about 1.41% of PowerFleet worth $8,110,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management lifted its position in shares of PowerFleet by 39.6% in the second quarter. Spire Wealth Management now owns 12,750 shares of the company’s stock valued at $55,000 after buying an additional 3,620 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in PowerFleet by 43.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,692 shares of the company’s stock valued at $55,000 after acquiring an additional 3,826 shares during the period. Virtu Financial LLC acquired a new stake in PowerFleet during the 1st quarter valued at $62,000. Prudential Financial Inc. bought a new position in PowerFleet during the second quarter worth $65,000. Finally, Landscape Capital Management L.L.C. bought a new position in PowerFleet during the first quarter worth $78,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

PowerFleet Trading Up 1.1%

AIOT opened at $4.50 on Tuesday. The company’s 50 day moving average is $5.11 and its 200-day moving average is $4.82. The company has a market cap of $602.21 million, a P/E ratio of -15.00 and a beta of 1.35. PowerFleet, Inc. has a 1-year low of $3.70 and a 1-year high of $8.71. The company has a current ratio of 1.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.51.

PowerFleet (NASDAQ:AIOT) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $111.68 million during the quarter, compared to the consensus estimate 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. Equities research analysts predict that PowerFleet, Inc. will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AIOT has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of PowerFleet in a research report on Friday, November 7th. Zacks Research upgraded shares of PowerFleet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen downgraded shares of PowerFleet from a “hold” rating to a “sell” rating in a research report on Sunday, November 2nd. William Blair restated an “outperform” rating on shares of PowerFleet in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PowerFleet in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.50.

PowerFleet 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.