CalAmp Corp. (NASDAQ:CAMP) has earned an average recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $23.29.
Several equities analysts have weighed in on CAMP shares. J P Morgan Chase & Co started coverage on shares of CalAmp Corp. in a research report on Monday, August 28th. They set a “neutral” rating and a $20.00 price objective on the stock. Northland Securities reiterated a “buy” rating and set a $22.00 price objective on shares of CalAmp Corp. in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, October 3rd. BidaskClub upgraded shares of CalAmp Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Canaccord Genuity boosted their price target on shares of CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, September 29th.
In related news, SVP Garo Sarkis Sarkissian sold 9,833 shares of CalAmp Corp. stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $23.89, for a total value of $234,910.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly Alexy sold 25,000 shares of CalAmp Corp. stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the sale, the director now directly owns 64,729 shares of the company’s stock, valued at approximately $1,464,169.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,833 shares of company stock valued at $1,016,320. 5.30% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in CalAmp Corp. by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 2,659 shares during the last quarter. State of Alaska Department of Revenue lifted its position in CalAmp Corp. by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after acquiring an additional 3,021 shares during the last quarter. Mason Street Advisors LLC lifted its position in CalAmp Corp. by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 341 shares during the last quarter. First Mercantile Trust Co. acquired a new position in CalAmp Corp. during the 2nd quarter worth $205,000. Finally, Stifel Financial Corp acquired a new position in CalAmp Corp. during the 1st quarter worth $171,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
CalAmp Corp. (NASDAQ CAMP) traded down 2.66% during midday trading on Friday, hitting $22.66. The stock had a trading volume of 241,459 shares. CalAmp Corp. has a one year low of $12.13 and a one year high of $24.68. The firm has a 50 day moving average price of $21.87 and a 200 day moving average price of $19.57. The stock has a market cap of $806.72 million, a PE ratio of 209.81 and a beta of 1.60.
CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings data on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts expect that CalAmp Corp. will post $1.17 EPS for the current year.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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