AIOT

PowerFleet, Inc. Common Stock
AIOT
Market cap $536M

4.98 USD

+0.30

6.41%

At close Oct 3, 4:00 PM EDT

After hours

4.80

-0.18

3.61%

1 day

6.41%

5 days

0.81%

1 month

4.84%

3 months

8.73%

6 months

4.84%

Year to date

51.83%

1 year

158.03%

5 years

-18.76%

About: PowerFleet Inc is engaged in Internet-of-Things (IoT) solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. It provide critical information that powers unified operations throughout organizations. It is solving the challenge of inefficient data collection, real-time visibility, and analysis that leads to transformative business operations. Its SaaS cloud-based applications take data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customer.

Employees: 1,954

Communication Services Communications Equipment

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

358% more call options, than puts

Call options by funds: $1.6M | Put options by funds: $349K

96% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 24

53% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 19

39% more capital invested

Capital invested by funds: $208M [Q1] → $288M (+$80.5M) [Q2]

26% more funds holding

Funds holding: 87 [Q1] → 110 (+23) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$10

101%

upside

Avg. target

$10

101%

upside

High target

$10

101%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research Gary Prestopino 55% 1-year accuracy 50 / 91 met price target	101%upside $10	Outperform Maintained	3 Oct 2024
Barrington Research Gary Prestopino 55% 1-year accuracy 50 / 91 met price target	101%upside $10	Outperform Maintained	24 Sept 2024
Barrington Research Gary Prestopino 55% 1-year accuracy 50 / 91 met price target	101%upside $10	Outperform Maintained	26 Aug 2024
Barrington Research Gary Prestopino 55% 1-year accuracy 50 / 91 met price target	101%upside $10	Outperform Maintained	22 Aug 2024
Barrington Research Gary Prestopino 55% 1-year accuracy 50 / 91 met price target	101%upside $10	Outperform Maintained	5 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about AIOT published over the past 30 days

Powerfleet Closes Strategic Acquisition of Fleet Complete

Acquisition Expected to Create a $400m+ Revenue Company, Including $300m+ of Recurring SaaS Revenue, $85m EBITDA, and Significant Expansion Opportunities WOODCLIFF LAKE, N.J. , Oct. 1, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) has successfully closed the previously announced acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.

Powerfleet Closes Strategic Acquisition of Fleet Complete

Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024

WOODCLIFF LAKE, N.J., Sept. 25, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host a fireside chat with analysts and investors on October 2 at 8.30 a.m.

Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024

The Motley Fool

Why Artificial Intelligence Stock Powerfleet Triumphed Today

The artificial intelligence of things (AIoT) specialist announced an acquisition. It is buying a peer in a transaction valued at $200 million.

Why Artificial Intelligence Stock Powerfleet Triumphed Today

Overlooked Stock: AIOT

Powerfleet (AIOT) nearly touched its 52-week high on Wednesday after agreeing to acquire Fleet Complete. George Tsilis talks about what makes the move so important for the "artificial-intelligence-of-things" company.

Overlooked Stock: AIOT

Crude Oil Moves Lower; PowerFleet Shares Spike Higher

U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday.

Crude Oil Moves Lower; PowerFleet Shares Spike Higher

Powerfleet Announces Strategic Acquisition of Fleet Complete

Expected to Create Industry Powerhouse with Total Revenue Anticipated to Exceed $400 Million Including $300+ Million of Recurring High Margin SaaS Revenue Highly Accretive with $200 Million Transaction Value Representing 8x Pre-Synergy and 5x Post-Synergy Adjusted EBITDA Acquisition Strengthens Powerfleet's North American Presence, Fuels Top-Line Growth in Europe and Australia, and Extends Go-to-Market Reach through Scaled Indirect Channel Transaction Accelerates Powerfleet's Momentum towards Achieving Long-Term 20%+ Organic Revenue Growth and Rule of 40 Performance Creates Highly Effective Combined Global Entity with over 2.6 Million Combined Subscribers and 2,500 Employees with Dedicated Teams to Support Customers across 6 Continents Transaction Expected to Close on October 1, 2024 Leadership Teams to Host Joint Q&A Call with Analysts and Investors Today, September 18, 2024 at 10:30 am ET WOODCLIFF LAKE, N.J. , Sept. 18, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a leading provider of AIoT SaaS solutions for the mobile asset industry, today announced it has entered into a definitive agreement providing for the strategic acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.

Powerfleet Announces Strategic Acquisition of Fleet Complete

ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution

Competitive ranking recognizes Powerfleet's cold chain offering as the global leader in the space, citing its Unity platform as a key differentiator WOODCLIFF LAKE, N.J. , Sept. 17, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today was named the number one global leader in cold chain monitoring solutions, according to a competitive ranking assessment by ABI Research.

ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution

AIOT Stock Earnings: PowerFleet, Inc. – Common Stock Beats Revenue for Q1 2024

PowerFleet, Inc. – Common Stock (NASDAQ: AIOT ) just reported results for the first quarter of 2024. The company did not report any EPS for the quarter.

AIOT Stock Earnings: PowerFleet, Inc. – Common Stock Beats Revenue for Q1 2024

Powerfleet Reports First Quarter 2025 Financial Results

Focused execution following the business combination with MiX Telematics evidenced by annual revenue and AEBITDA growth of +10% and +50%, respectively Revenue Grows 10.2% annually to $75.4 million, driven by unity ecosystem and safety-centric solutions Cost synergy traction with $8.7 million in annual run-rate savings secured by end of June quarter WOODCLIFF LAKE, N.J. , Aug. 22, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), reported its financial results for the first quarter ended June 30, 2024.

Powerfleet Reports First Quarter 2025 Financial Results

Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue

Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 22, 2024, at 8:30 a.m. ET Expects to File Transition Report on Form 10-KT for the transition period ended March 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 on or before August 23 rd WOODCLIFF LAKE, N.J.

Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue

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