CalAmp (NASDAQ:CAMP) Upgraded at BidaskClub

BidaskClub upgraded shares of CalAmp (NASDAQ:CAMP) from a hold rating to a buy rating in a report issued on Monday morning, BidAskClub reports.

Several other brokerages have also weighed in on CAMP. Zacks Investment Research upgraded CalAmp from a sell rating to a hold rating in a research report on Wednesday, June 19th. ValuEngine upgraded CalAmp from a hold rating to a buy rating in a research report on Wednesday, September 11th. Northland Securities reiterated a buy rating on shares of CalAmp in a research report on Tuesday, September 3rd. TheStreet lowered CalAmp from a c rating to a d+ rating in a research report on Thursday, June 27th. Finally, Goldman Sachs Group lowered CalAmp from a neutral rating to a sell rating and lowered their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $19.38.

NASDAQ:CAMP opened at $11.20 on Monday. CalAmp has a one year low of $9.35 and a one year high of $24.37. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.60. The stock has a market cap of $388.76 million, a PE ratio of 16.51, a P/E/G ratio of 3.57 and a beta of 1.97. The stock has a 50 day moving average price of $10.27 and a 200 day moving average price of $11.71.

CalAmp (NASDAQ:CAMP) last posted its quarterly earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.18). CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The company had revenue of $89.10 million during the quarter, compared to analyst estimates of $86.91 million. During the same period in the prior year, the business posted $0.29 EPS. CalAmp’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts predict that CalAmp will post 0.33 earnings per share for the current fiscal year.

In other CalAmp news, Director Larry J. Wolfe acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was bought at an average cost of $11.33 per share, for a total transaction of $566,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new position in shares of CalAmp during the first quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CalAmp during the second quarter worth $62,000. Meeder Asset Management Inc. purchased a new position in shares of CalAmp during the second quarter worth $69,000. US Bancorp DE boosted its position in shares of CalAmp by 19.2% during the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 1,611 shares during the period. Finally, Walleye Trading Advisors LLC purchased a new position in shares of CalAmp during the second quarter worth $120,000. Institutional investors and hedge funds own 78.15% of the company’s stock.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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