CalAmp Corp.’s (CAMP) “Buy” Rating Reiterated at Northland Securities

CalAmp Corp. (NASDAQ:CAMP)‘s stock had its “buy” rating reiterated by equities research analysts at Northland Securities in a report issued on Monday. They currently have a $20.00 price objective on the Wireless communications provider’s stock. Northland Securities’ price target would suggest a potential upside of 1.94% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective on shares of CalAmp Corp. in a research report on Monday, March 6th. Sidoti lowered shares of CalAmp Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 22nd. Zacks Investment Research raised shares of CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, April 21st. Benchmark Co. assumed coverage on shares of CalAmp Corp. in a research report on Tuesday, April 25th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of CalAmp Corp. in a research report on Monday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.75.

CalAmp Corp. (NASDAQ CAMP) traded down 2.49% during midday trading on Monday, hitting $19.62. The stock had a trading volume of 490,491 shares. The stock has a 50 day moving average of $18.97 and a 200 day moving average of $16.69. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.27. The stock’s market cap is $688.00 million.

CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Tuesday, April 18th. The Wireless communications provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $86.10 million for the quarter, compared to the consensus estimate of $86.01 million. CalAmp Corp. had a negative net margin of 2.04% and a positive return on equity of 18.76%. CalAmp Corp.’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. Analysts expect that CalAmp Corp. will post $1.20 EPS for the current fiscal year.

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In other CalAmp Corp. news, SVP Garo Sarkis Sarkissian sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $18.83, for a total transaction of $282,450.00. Following the completion of the transaction, the senior vice president now directly owns 200,680 shares of the company’s stock, valued at approximately $3,778,804.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC raised its position in shares of CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 341 shares in the last quarter. Stifel Financial Corp bought a new position in shares of CalAmp Corp. during the first quarter valued at $171,000. Karp Capital Management Corp bought a new position in shares of CalAmp Corp. during the first quarter valued at $176,000. Dubuque Bank & Trust Co. bought a new position in shares of CalAmp Corp. during the first quarter valued at $183,000. Finally, AQR Capital Management LLC bought a new position in shares of CalAmp Corp. during the fourth quarter valued at $185,000. 74.20% of the stock is owned by institutional investors.

About CalAmp Corp.

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.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

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