PowerFleet, Inc. (NASDAQ:AIOT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of PowerFleet, Inc. (NASDAQ:AIOT) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.6667.

Several equities analysts have issued reports on the stock. Raymond James Financial decreased their price objective on shares of PowerFleet from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PowerFleet in a report on Friday, May 8th. UBS Group set a $7.00 price objective on shares of PowerFleet in a report on Tuesday. Finally, Wall Street Zen raised shares of PowerFleet from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Hedge Funds Weigh In On PowerFleet

Several hedge funds and other institutional investors have recently modified their holdings of AIOT. Hurley Capital LLC purchased a new position in shares of PowerFleet in the fourth quarter worth about $32,000. Royal Bank of Canada lifted its stake in shares of PowerFleet by 76.9% in the first quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $34,000 after buying an additional 4,883 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of PowerFleet in the first quarter worth about $35,000. Kemnay Advisory Services Inc. purchased a new position in shares of PowerFleet in the fourth quarter worth about $48,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of PowerFleet by 100.9% in the second quarter. BNP Paribas Financial Markets now owns 11,756 shares of the company’s stock worth $51,000 after buying an additional 5,904 shares in the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.

PowerFleet Stock Performance

NASDAQ AIOT traded down $0.08 during mid-day trading on Tuesday, reaching $4.07. 810,626 shares of the stock were exchanged, compared to its average volume of 1,594,021. The business’s 50 day moving average is $3.45 and its 200-day moving average is $4.12. PowerFleet has a 1 year low of $2.78 and a 1 year high of $5.88. The company has a market capitalization of $545.32 million, a P/E ratio of -17.67 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.09.

PowerFleet (NASDAQ:AIOT) last posted its quarterly earnings data on Monday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.98 million. PowerFleet had a negative net margin of 7.00% and a negative return on equity of 5.23%. During the same period last year, the firm posted ($0.09) earnings per share. On average, equities research analysts forecast that PowerFleet will post -0.13 EPS for the current fiscal year.

Key Headlines Impacting PowerFleet

Here are the key news stories impacting PowerFleet this week:

• Positive Sentiment: PowerFleet reported Q4 revenue of $114.5 million, up 11% year over year, with services revenue up 14% and adjusted EBITDA up 42% to $26.4 million, showing better profitability and operating leverage. Powerfleet Reports Results for Fourth Quarter and Full-Year Fiscal 2026
• Positive Sentiment: The company also guided FY2027 revenue to $485 million-$490 million, above consensus, while targeting $122 million-$125 million in adjusted EBITDA and $30 million-$35 million in free cash flow, which supports the bullish reaction. PowerFleet Is Finally Generating Cash, A Major Turning Point
• Positive Sentiment: Management highlighted a major South African National Treasury contract worth an estimated $100 million-$120 million in total value, adding to confidence in future recurring revenue. Powerfleet Reports Results for Fourth Quarter and Full-Year Fiscal 2026
• Neutral Sentiment: PowerFleet’s earnings came in at $0.04 per share for the quarter, but the company remained unprofitable on a net basis, so investors are still watching for sustained margin improvement. Earnings report and conference call
• Negative Sentiment: Despite the stronger outlook, the stock may face some caution because the current-year consensus still calls for a loss, meaning the turnaround is not yet complete. PowerFleet stock data

About PowerFleet

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.