TheStreet upgraded shares of CalAmp (NASDAQ:CAMP) from a c+ rating to a b rating in a report published on Wednesday morning.
A number of other analysts have also weighed in on CAMP. Canaccord Genuity upped their target price on shares of CalAmp from $27.00 to $29.00 and gave the stock a buy rating in a research note on Monday, March 5th. Craig Hallum lowered shares of CalAmp from a buy rating to a hold rating and set a $24.00 target price on the stock. in a research note on Thursday, March 8th. BidaskClub upgraded shares of CalAmp from a buy rating to a strong-buy rating in a research note on Saturday, March 17th. William Blair restated a market perform rating on shares of CalAmp in a research note on Friday, April 27th. Finally, ValuEngine lowered shares of CalAmp from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $26.75.
Shares of CAMP opened at $23.43 on Wednesday. The stock has a market cap of $803.84 million, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.47 and a beta of 1.72. CalAmp has a 1 year low of $17.52 and a 1 year high of $25.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.51 and a current ratio of 2.91.
CalAmp (NASDAQ:CAMP) last released its earnings results on Wednesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. CalAmp had a net margin of 7.45% and a return on equity of 17.26%. The firm had revenue of $94.90 million for the quarter, compared to analyst estimates of $93.05 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. analysts predict that CalAmp will post 1.03 EPS for the current year.
In other CalAmp news, CEO Michael J. Burdiek sold 12,500 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $281,625.00. Following the transaction, the chief executive officer now directly owns 495,934 shares in the company, valued at $11,173,393.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 37,500 shares of company stock worth $793,250 over the last quarter. 5.40% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Raymond James & Associates purchased a new position in CalAmp in the fourth quarter valued at approximately $214,000. Cubist Systematic Strategies LLC purchased a new position in CalAmp in the first quarter valued at approximately $236,000. Teacher Retirement System of Texas purchased a new position in CalAmp in the fourth quarter valued at approximately $259,000. Pitcairn Co. purchased a new position in CalAmp in the first quarter valued at approximately $280,000. Finally, Paloma Partners Management Co purchased a new position in CalAmp in the fourth quarter valued at approximately $292,000. Institutional investors own 76.69% of the company’s stock.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides 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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