1 week Ago By Defense World Staff
Corebridge Financial Inc. acquired a new position in Powerfleet, Inc. (NASDAQ:AIOT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm acquired 46,973 shares of the company’s stock, valued at approximately $313,000. Several other hedge funds have also recently bought and sold shares of AIOT. Kopion Asset Management LLC bought a new position in Powerfleet in the 4th quarter worth about $7,361,000.
Yarbrough Capital LLC acquired a new stake in Powerfleet in the 4th quarter valued at approximately $372,000. Financial Management Professionals Inc. bought a new stake in Powerfleet during the 4th quarter valued at $50,000.
SG Americas Securities LLC bought a new stake in shares of Powerfleet during the fourth quarter valued at about $228,000. Finally, Inspire Investing LLC bought a new position in Powerfleet in the 4th quarter valued at about $398,000. 73.
40% of the stock is currently owned by institutional investors. Powerfleet Trading Down 8.4 %Shares of AIOT opened at $4.
66 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.
21 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $6.
26 and its 200-day moving average is $6.10. Powerfleet, Inc.
has a 12-month low of $3.70 and a 12-month high of $8.71.
Powerfleet (NASDAQ:AIOT – Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
02 by ($0.13). On average, sell-side analysts anticipate that Powerfleet, Inc.
will post -0.32 earnings per share for the current year. Analysts Set New Price TargetsA number of analysts have commented on the stock.
Lake Street Capital boosted their price target on shares of Powerfleet from $7.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th.
Northland Securities boosted their target price on Powerfleet from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.
Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Powerfleet in a research note on Thursday, February 13th.Check Out Our Latest Stock Analysis on AIOTAbout Powerfleet (Free Report)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.See AlsoFive stocks we like better than PowerfleetWhat is a Secondary Public Offering? What Investors Need to KnowJoby Aviation: Operational Momentum vs. Market SentimentCD Calculator: Certificate of Deposit Calculator Broadcom’s Big Outperformance Shows Strength Amid Tariff DeclineWant to Profit on the Downtrend? Downtrends, Explained.
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