William Blair Reiterates Outperform Rating for Powerfleet (NASDAQ:AIOT)

William Blair reaffirmed their outperform rating on shares of Powerfleet (NASDAQ:AIOT) in a research note released on Thursday morning,RTT News reports.

Separately, Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Powerfleet in a report on Monday, November 11th.

Powerfleet Stock Up 2.5 %

AIOT stock opened at $6.64 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.71 and a quick ratio of 1.51. The company’s 50 day moving average is $5.30. Powerfleet has a twelve month low of $2.22 and a twelve month high of $6.80.

Powerfleet (NASDAQ:AIOT) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $77.02 million during the quarter, compared to analysts’ expectations of $74.54 million. During the same period in the previous year, the company posted ($0.14) earnings per share. As a group, sell-side analysts expect that Powerfleet will post -0.13 EPS 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.