Samjo Management LLC Has $9.61 Million Stock Holdings in PowerFleet, Inc. $AIOT

Samjo Management LLC boosted its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,229,550 shares of the company’s stock after buying an additional 127,350 shares during the period. PowerFleet accounts for approximately 4.1% of Samjo Management LLC’s portfolio, making the stock its 6th largest position. Samjo Management LLC owned 1.67% of PowerFleet worth $9,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of PowerFleet by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 6,725,504 shares of the company’s stock worth $36,923,000 after acquiring an additional 248,914 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of PowerFleet by 29.3% during the 2nd quarter. Private Management Group Inc. now owns 4,884,151 shares of the company’s stock valued at $21,051,000 after buying an additional 1,105,673 shares in the last quarter. CenterBook Partners LP grew its position in shares of PowerFleet by 40.4% in the 2nd quarter. CenterBook Partners LP now owns 4,040,568 shares of the company’s stock worth $17,415,000 after buying an additional 1,162,742 shares during the period. Geode Capital Management LLC grew its position in shares of PowerFleet by 13.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,932,054 shares of the company’s stock worth $12,639,000 after buying an additional 343,580 shares during the period. Finally, Voss Capital LP increased its stake in shares of PowerFleet by 40.7% in the 1st quarter. Voss Capital LP now owns 2,720,591 shares of the company’s stock worth $14,936,000 after acquiring an additional 786,999 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

PowerFleet Trading Up 1.3%

NASDAQ:AIOT opened at $5.07 on Monday. The stock has a market cap of $677.82 million, a price-to-earnings ratio of -16.88 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 1.07 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.80. PowerFleet, Inc. has a 52 week low of $3.70 and a 52 week high of $8.71.

PowerFleet (NASDAQ:AIOT) last released its quarterly earnings data on Monday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. PowerFleet had a negative return on equity of 8.56% and a negative net margin of 9.95%.The business had revenue of $111.68 million for the quarter, compared to analysts’ expectations of $105.51 million. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts forecast that PowerFleet, Inc. will post -0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AIOT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of PowerFleet in a research note on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of PowerFleet in a research report on Tuesday, November 11th. Barrington Research restated an “outperform” rating and issued a $15.00 price target on shares of PowerFleet in a research note on Wednesday, November 26th. Wall Street Zen cut PowerFleet from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Finally, Zacks Research raised PowerFleet from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PowerFleet presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

PowerFleet Company 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.