CalAmp Corp. (NASDAQ:CAMP) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.00.
CAMP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded CalAmp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, October 3rd. Canaccord Genuity reissued a “buy” rating and issued a $27.00 price objective on shares of CalAmp in a research note on Thursday, December 21st. Northland Securities reissued a “buy” rating and issued a $25.00 price objective on shares of CalAmp in a research note on Sunday, October 1st. Craig Hallum increased their price objective on CalAmp from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. Finally, ValuEngine downgraded CalAmp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Shares of CalAmp (NASDAQ:CAMP) traded up $0.26 during mid-day trading on Wednesday, reaching $23.41. The company had a trading volume of 378,639 shares, compared to its average volume of 392,617. CalAmp has a fifty-two week low of $14.56 and a fifty-two week high of $24.68. The company has a market capitalization of $833.43, a PE ratio of 49.81 and a beta of 1.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. The business had revenue of $93.67 million during the quarter, compared to analysts’ expectations of $91.10 million. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. sell-side analysts expect that CalAmp will post 0.92 EPS for the current year.
In other news, CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total transaction of $200,340.00. Following the completion of the sale, the chief executive officer now directly owns 502,434 shares of the company’s stock, valued at approximately $11,184,180.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimberly Alexy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total value of $565,500.00. Following the sale, the director now directly owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The disclosure for this sale can be found here. Insiders have sold a total of 46,000 shares of company stock valued at $1,026,960 over the last ninety days. Company insiders own 5.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CAMP. FDx Advisors Inc. bought a new position in shares of CalAmp in the 3rd quarter valued at approximately $214,000. BNP Paribas Arbitrage SA raised its stake in shares of CalAmp by 58.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 3,979 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of 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 valued at $308,000 after acquiring an additional 5,020 shares in the last quarter. Van Hulzen Asset Management LLC raised its stake in shares of CalAmp by 21.0% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock valued at $367,000 after acquiring an additional 2,740 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of CalAmp by 7.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock valued at $434,000 after acquiring an additional 1,390 shares in the last quarter. 72.10% of the stock is owned by 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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