CalAmp (NASDAQ:CAMP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, January 6th.
Several other research firms have also recently commented on CAMP. Craig Hallum increased their price objective on CalAmp from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Zacks Investment Research downgraded CalAmp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. downgraded CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 target price on the stock. in a report on Wednesday, October 4th. TheStreet raised CalAmp from a “c” rating to a “b” 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. CalAmp presently has a consensus rating of “Hold” and a consensus target price of $25.29.
Shares of CalAmp (CAMP) opened at $22.85 on Friday. The firm has a market capitalization of $833.97, a price-to-earnings ratio of 46.63 and a beta of 1.63. CalAmp has a 12 month low of $14.56 and a 12 month 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 released its earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. The firm had revenue of $93.67 million for the quarter, compared to analysts’ expectations of $91.10 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. analysts predict that CalAmp will post 0.92 EPS for the current year.
In other news, SVP Garo Sarkis Sarkissian sold 3,000 shares of CalAmp 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 completion of the transaction, the senior vice president now owns 195,289 shares in the company, valued at approximately $4,296,358. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total value of $200,340.00. Following the sale, the chief executive officer now directly owns 502,434 shares of the company’s stock, valued at $11,184,180.84. 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 in the last 90 days. 5.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CAMP. Dimensional Fund Advisors LP raised its position in CalAmp by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock valued at $35,274,000 after purchasing an additional 155,739 shares in the last quarter. EAM Investors LLC bought a new stake in CalAmp during the 3rd quarter valued at $2,420,000. Bank of Montreal Can raised its position in shares of CalAmp by 4,306.6% in the 4th quarter. Bank of Montreal Can now owns 102,322 shares of the Wireless communications provider’s stock worth $2,193,000 after acquiring an additional 100,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of CalAmp by 15.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 596,302 shares of the Wireless communications provider’s stock worth $13,864,000 after acquiring an additional 79,624 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of CalAmp by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,012,399 shares of the Wireless communications provider’s stock worth $40,911,000 after acquiring an additional 63,759 shares in the last quarter. 72.10% of the stock is owned by institutional investors and hedge funds.
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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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