Morgan Stanley Initiates Coverage on FleetMatics Group PLC to Overweight

Morgan Stanley Initiates Coverage on FleetMatics Group PLC(NYSE:FLTX). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Jun 29, 2016.

In a different note, On May 25, 2016, Pacific Crest said it Upgrades its rating on FleetMatics Group PLC. The shares have been rated ‘Overweight’ by the firm. On May 25, 2016, Pacific Crest said it Upgrades its rating on FleetMatics Group PLC. The shares have been rated ‘Overweight’ by the firm.

FleetMatics Group PLC (FLTX) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.12% at a volume of 1,81,369. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.125. The peak price level was also seen at $44.125 while the days lowest was $43.05. Finally the shares closed at $43.28. The 52-week high of the shares is $62.86 while the 52-week low is $34.41. According to the latest information available, the market cap of the company is $1,688 M.

FleetMatics Group PLC(FLTX) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $78.95M. Analysts had an estimated revenue of $79.30M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Stephen J Lifshatz (Chief Financial Officer) sold 9,846 shares at $45.21 per share price.Also, 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.

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