FleetMatics Group PLC (FLTX) is Downgraded by Barclays to Equal Weight, Raises Price Target to $ 59

FleetMatics Group PLC (FLTX) was Downgraded by Barclays to ” Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 59 from a previous price target of $46 . Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on FleetMatics Group PLC. Company shares were Downgraded by Imperial Capital on Aug 2, 2016 to ” In-line”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .Company shares were Downgraded by Robert W. Baird on Aug 2, 2016 to ” Neutral”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .FleetMatics Group PLC was Downgraded by First Analysis Sec to ” Equal-Weight” on Aug 1, 2016.

On the company’s financial health, FleetMatics Group PLC reported $0.35 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $78.90 million for the quarter, compared to analysts expectations of $79.32 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

FleetMatics Group PLC closed down -0.02 points or -0.03% at $59.57 with 42,79,167 shares getting traded on Tusday. Post opening the session at $59.58, the shares hit an intraday low of $59.49 and an intraday high of $59.65 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 22, 2016, Stephen J Lifshatz (Chief Financial Officer) sold 9,846 shares at $45.21 per share price. According to the SEC, on Apr 15, 2016, Brian Halligan (director) sold 500 shares at $35.42 per share price. On Oct 19, 2015, Peter John Mitchell (Chief Technology Officer) sold 4,819 shares at $53.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location fuel usage speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+ which extends Fleetmatics REVEAL to larger enterprises and Fleetmatics WORK a field service management solution. The Company’s solutions include fleet management and field service management. The Company’s subsidiaries are Fleetmatics Ireland Limited Fleetmatics (UK) Limited Fleetmatics USA LLC Fleetmatics Netherlands B.V. Fleetmatics de Mexico Srl and Fleetmatics Pty Ltd.

FleetMatics Group PLC

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