Share Buyback Program Announced by PowerFleet (NASDAQ:AIOT) Board of Directors

Posted by on Jun 30th, 2026

PowerFleet (NASDAQ:AIOT – Get Free Report) declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 30th, RTT News reports. The company plans to repurchase $30.00 million in shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

PowerFleet Stock Performance

Shares of AIOT traded up $0.07 during mid-day trading on Tuesday, hitting $3.83. 1,234,107 shares of the company traded hands, compared to its average volume of 1,927,672. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 1.13. The stock has a 50-day moving average price of $3.61 and a two-hundred day moving average price of $4.03. PowerFleet has a 1 year low of $2.78 and a 1 year high of $5.88. The stock has a market cap of $513.91 million, a price-to-earnings ratio of -23.94 and a beta of 1.43.

PowerFleet (NASDAQ:AIOT – Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. PowerFleet had a negative net margin of 4.63% and a negative return on equity of 1.33%. The company had revenue of $114.49 million for the quarter, compared to analysts’ expectations of $112.98 million. During the same quarter last year, the company posted ($0.09) earnings per share. Equities analysts anticipate that PowerFleet will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

AIOT has been the topic of several analyst reports. UBS Group set a $7.00 price objective on PowerFleet in a research report on Tuesday, June 16th. Weiss Ratings lowered PowerFleet from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. Raymond James Financial decreased their price target on PowerFleet from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, June 16th. Finally, Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.67.

Get Our Latest Stock Analysis on AIOT

About PowerFleet

Get Free Report)

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.

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