Proficient Auto Logistics, Inc. (NASDAQ:PAL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several analysts recently issued reports on the company. Wall Street Zen lowered Proficient Auto Logistics from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Barrington Research set a $10.00 price objective on Proficient Auto Logistics in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Proficient Auto Logistics in a report on Wednesday, May 13th. Zacks Research lowered Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus cut their price objective on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd.

Insider Activity

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 27,191 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.03, for a total transaction of $136,770.73. Following the transaction, the chief executive officer directly owned 936,908 shares in the company, valued at $4,712,647.24. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 14.20% of the company’s stock.

Hedge Funds Weigh In On Proficient Auto Logistics

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in Proficient Auto Logistics by 77.7% during the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after buying an additional 1,975 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in Proficient Auto Logistics by 44.6% during the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after buying an additional 1,789 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Proficient Auto Logistics during the first quarter valued at about $73,000. Odyssean LLC bought a new position in Proficient Auto Logistics during the fourth quarter valued at about $98,000. Finally, Invesco Ltd. bought a new position in Proficient Auto Logistics during the fourth quarter valued at about $101,000.

Proficient Auto Logistics Price Performance

Shares of NASDAQ:PAL opened at $7.52 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 1 year low of $4.85 and a 1 year high of $10.97. The business has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $7.85. The firm has a market cap of $208.83 million, a price-to-earnings ratio of -5.65 and a beta of 1.53.

About Proficient Auto Logistics

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.