First Analysis upgraded shares of CalAmp (NASDAQ:CAMP) from an equal weight rating to an overweight rating in a research note released on Friday, Marketbeat.com reports. They currently have $29.00 price target on the Wireless communications provider’s stock.
CAMP has been the subject of a number of other research reports. Zacks Investment Research cut CalAmp from a hold rating to a sell rating in a research report on Thursday, December 28th. Canaccord Genuity reaffirmed a buy rating and set a $27.00 price target on shares of CalAmp in a research report on Thursday, December 21st. B. Riley reaffirmed a buy rating and set a $28.00 price target on shares of CalAmp in a research report on Tuesday, December 19th. ValuEngine cut CalAmp from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. raised CalAmp from an underweight rating to a neutral rating and lifted their price target for the stock from $22.76 to $25.00 in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $26.33.
Shares of CalAmp (NASDAQ CAMP) opened at $24.73 on Friday. CalAmp has a 52-week low of $15.27 and a 52-week high of $25.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.36 and a current ratio of 2.76. The company has a market capitalization of $880.42, a PE ratio of 52.62 and a beta of 1.73.
In other news, SVP Garo Sarkis Sarkissian sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the senior vice president now owns 194,289 shares of the company’s stock, valued at approximately $4,857,225. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Burdiek sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.68, for a total value of $195,120.00. Following the completion of the transaction, the chief executive officer now directly owns 492,434 shares of the company’s stock, valued at approximately $10,675,969.12. The disclosure for this sale can be found here. In the last three months, insiders sold 18,000 shares of company stock valued at $408,520. Insiders own 5.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC lifted its holdings in shares of CalAmp by 380.1% in the 4th quarter. LS Investment Advisors LLC now owns 5,776 shares of the Wireless communications provider’s stock valued at $124,000 after buying an additional 4,573 shares during the period. FDx Advisors Inc. acquired a new position in shares of CalAmp in the 3rd quarter valued at about $214,000. Raymond James & Associates acquired a new position in shares of CalAmp in the 4th quarter valued at about $214,000. Teacher Retirement System of Texas acquired a new position in CalAmp in the 4th quarter worth about $259,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in CalAmp by 60.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock worth $308,000 after purchasing an additional 5,020 shares during the period. 71.26% of the stock is owned by institutional investors and hedge funds.
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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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