Research analysts at Northland Securities initiated coverage on shares of CalAmp (NASDAQ:CAMP) in a report issued on Monday, TipRanks reports. The brokerage set a “buy” rating and a $20.00 price target on the Wireless communications provider’s stock. Northland Securities’ price target suggests a potential upside of 93.24% from the company’s previous close.
A number of other research analysts also recently weighed in on CAMP. Canaccord Genuity set a $24.00 target price on CalAmp and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine downgraded CalAmp from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, BidaskClub cut CalAmp from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. CalAmp has a consensus rating of “Hold” and a consensus price target of $19.25.
Shares of CAMP stock traded down $0.14 during midday trading on Monday, reaching $10.35. 258,815 shares of the stock were exchanged, compared to its average volume of 321,789. CalAmp has a 1 year low of $9.35 and a 1 year high of $18.21. The company’s 50 day moving average is $10.82 and its two-hundred day moving average is $10.84. The company has a current ratio of 1.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a market cap of $357.92 million, a PE ratio of 19.79, a price-to-earnings-growth ratio of 4.02 and a beta of 1.94.
Institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of CalAmp in the 2nd quarter worth approximately $62,000. Meeder Asset Management Inc. bought a new stake in shares of CalAmp in the 2nd quarter worth approximately $69,000. US Bancorp DE boosted its position in shares of CalAmp by 19.2% in the 2nd quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after purchasing an additional 1,611 shares in the last quarter. Walleye Trading Advisors LLC bought a new stake in shares of CalAmp in the 2nd quarter worth approximately $120,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CalAmp in the 2nd quarter worth approximately $128,000. 78.68% of the stock is currently owned by hedge funds and other institutional investors.
CalAmp Company Profile
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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