PowerFleet, Inc. (NASDAQ:AIOT) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Geri Gentry on Aug 31st, 2026

Shares of PowerFleet, Inc. (NASDAQ:AIOT – Get Free Report) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $7.40.

Several brokerages recently issued reports on AIOT. UBS Group set a $7.00 price objective on PowerFleet in a report on Tuesday, June 16th. Raymond James Financial lowered PowerFleet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded PowerFleet from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research lowered PowerFleet from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Finally, Craig Hallum lowered their price target on PowerFleet from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th.

Check Out Our Latest Research Report on PowerFleet

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AIOT. State of Wyoming acquired a new position in PowerFleet during the second quarter worth $27,000. Hurley Capital LLC bought a new position in PowerFleet during the fourth quarter worth $32,000. Royal Bank of Canada increased its holdings in shares of PowerFleet by 76.9% during the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $34,000 after purchasing an additional 4,883 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in PowerFleet during the first quarter valued at about $35,000. Finally, Legal & General Group Plc bought a new stake in shares of PowerFleet during the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

PowerFleet Price Performance

PowerFleet stock opened at $3.05 on Monday. PowerFleet has a twelve month low of $2.78 and a twelve month high of $5.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.10. The firm has a market cap of $409.40 million, a PE ratio of -21.78 and a beta of 1.43. The firm’s 50 day moving average price is $3.77 and its two-hundred day moving average price is $3.56.

PowerFleet (NASDAQ:AIOT – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. PowerFleet had a negative net margin of 4.16% and a positive return on equity of 0.48%. The company had revenue of $110.79 million during the quarter, compared to analyst estimates of $115.54 million. On average, research analysts predict that PowerFleet will post 0.1 EPS for the current fiscal year.

PowerFleet announced that its board has initiated a share buyback plan on Tuesday, June 30th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

PowerFleet Company Profile

(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.