CalAmp (CAMP) Upgraded at BidaskClub

BidaskClub upgraded shares of CalAmp (NASDAQ:CAMP) from a hold rating to a buy rating in a research note issued to investors on Saturday.

CAMP has been the topic of a number of other research reports. B. Riley reiterated a buy rating and issued a $28.00 target price on shares of CalAmp in a report on Wednesday. Canaccord Genuity reiterated a buy rating and issued a $27.00 target price on shares of CalAmp in a report on Thursday, December 21st. Zacks Investment Research cut CalAmp from a hold rating to a sell rating in a research note on Thursday, December 28th. Northland Securities reissued a buy rating and issued a $25.00 price target on shares of CalAmp in a research note on Sunday, October 1st. Finally, ValuEngine cut CalAmp from a buy rating to a hold rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $25.29.

Shares of CalAmp (NASDAQ CAMP) traded down $0.11 on Friday, hitting $22.41. The stock had a trading volume of 217,800 shares, compared to its average volume of 417,322. The firm has a market cap of $798.36, a P/E ratio of 45.73 and a beta of 1.63. CalAmp has a one year low of $14.56 and a one year high of $24.68. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76.

CalAmp (NASDAQ:CAMP) last issued its earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $93.67 million for the quarter, compared to the consensus estimate of $91.10 million. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. equities analysts predict that CalAmp will post 0.92 earnings per share for the current year.

In other CalAmp news, Director Kimberly Alexy sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was 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 owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total value of $66,000.00. Following the sale, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at approximately $4,296,358. The disclosure for this sale can be found here. In the last three months, insiders sold 46,000 shares of company stock valued at $1,026,960. 5.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. TIAA CREF Investment Management LLC boosted its position in CalAmp by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after purchasing an additional 468 shares during the period. Baker Avenue Asset Management LP boosted its position in CalAmp by 1.5% during the second quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock worth $986,000 after purchasing an additional 736 shares during the period. Thrivent Financial For Lutherans boosted its position in CalAmp by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after purchasing an additional 1,390 shares during the period. Connors Investor Services Inc. boosted its position in CalAmp by 1.5% during the second quarter. Connors Investor Services Inc. now owns 99,366 shares of the Wireless communications provider’s stock worth $2,020,000 after purchasing an additional 1,462 shares during the period. Finally, Van Hulzen Asset Management LLC boosted its position in CalAmp by 21.0% during the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after purchasing an additional 2,740 shares during the period. 72.14% of the stock is owned by hedge funds and other institutional investors.

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CalAmp Company Profile

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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