The mean of analysts' price targets for PowerFleet (PWFL) points to a 61.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
On April 29, 2024, Private Capital (Trades, Portfolio) Management, a prominent investment firm, executed a significant transaction by acquiring 1,078,936 additional shares of PowerFleet Inc (NASDAQ:PWFL). This move increased the firm's total holdings in PowerFleet to 6,857,125 shares, marking a substantial enhancement in their investment portfolio. The shares were purchased at a price of $4.66, reflecting a strategic addition based on the firm's investment philosophy.
Powerfleet, Inc. (Nasdaq: PWFL) today announced that Andrew Martin of Private Capital Management, LLC ("PCM"), one of the company's largest shareholders, has joined its board of directors as an independent member of the board.