CalAmp Corp. (NASDAQ:CAMP) has been assigned an average rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.86.
A number of equities research analysts have commented on CAMP shares. TheStreet raised Select Medical from a “c+” rating to a “b-” rating in a report on Thursday, June 27th. Northland Securities set a $8.00 price target on vTv Therapeutics and gave the company a “buy” rating in a report on Friday, June 28th. JPMorgan Chase & Co. set a €21.00 ($24.42) price target on Signify and gave the company a “sell” rating in a report on Monday, March 25th. Zacks Investment Research cut CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, ValuEngine cut Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st.
CalAmp stock traded down $0.04 during trading on Friday, reaching $10.72. The company had a trading volume of 282,166 shares, compared to its average volume of 556,786. CalAmp has a 52 week low of $9.95 and a 52 week high of $24.37. The business’s 50-day moving average is $10.73. The stock has a market capitalization of $360.51 million, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.04 and a beta of 2.03. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.60 and a quick ratio of 1.40.
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 Zacks’ consensus estimate of $0.24 by ($0.18). The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $86.91 million. CalAmp had a net margin of 0.33% and a return on equity of 11.85%. CalAmp’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts forecast that CalAmp will post 0.36 EPS for the current year.
In other news, Director Larry J. Wolfe acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average price of $11.33 per share, for a total transaction of $566,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.90% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Bbva Compass Bancshares Inc. grew its position in CalAmp by 9.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock worth $186,000 after acquiring an additional 1,260 shares in the last quarter. Royce & Associates LP purchased a new position in CalAmp in the first quarter worth about $26,000. Cadence Capital Management LLC grew its position in CalAmp by 1.8% in the first quarter. Cadence Capital Management LLC now owns 156,940 shares of the Wireless communications provider’s stock worth $1,974,000 after acquiring an additional 2,736 shares in the last quarter. Comerica Bank grew its position in CalAmp by 10.3% in the first quarter. Comerica Bank now owns 37,881 shares of the Wireless communications provider’s stock worth $494,000 after acquiring an additional 3,545 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in CalAmp in the first quarter worth about $70,000. Hedge funds and other institutional investors own 79.52% of the company’s stock.
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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