CalAmp Corp. (NASDAQ:CAMP) has earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.88.
CAMP has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $22.00 price target on shares of CalAmp Corp. in a research report on Monday, April 17th. Craig Hallum boosted their price target on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Northland Securities reissued a “buy” rating and set a $20.00 target price on shares of CalAmp Corp. in a report on Monday, June 26th. Benchmark Co. initiated coverage on CalAmp Corp. in a report on Tuesday, April 25th. They set a “buy” rating and a $23.00 target price on the stock. Finally, Zacks Investment Research raised CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, April 21st.
In other news, SVP Garo Sarkis Sarkissian sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total transaction of $282,450.00. Following the completion of the sale, the senior vice president now directly owns 200,680 shares in the company, valued at approximately $3,778,804.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Burdiek sold 10,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the chief executive officer now owns 479,093 shares of the company’s stock, valued at $9,581,860. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. John G Ullman & Associates Inc. increased its stake in CalAmp Corp. by 17.4% in the first quarter. John G Ullman & Associates Inc. now owns 212,100 shares of the Wireless communications provider’s stock worth $3,561,000 after buying an additional 31,500 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in CalAmp Corp. during the first quarter worth $183,000. Independent Portfolio Consultants Inc. increased its stake in CalAmp Corp. by 13.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 45,690 shares of the Wireless communications provider’s stock worth $767,000 after buying an additional 5,520 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in CalAmp Corp. by 32.3% in the first quarter. Rice Hall James & Associates LLC now owns 537,556 shares of the Wireless communications provider’s stock worth $9,026,000 after buying an additional 131,252 shares during the last quarter. Finally, First National Bank of Omaha increased its stake in CalAmp Corp. by 30.9% in the first quarter. First National Bank of Omaha now owns 62,443 shares of the Wireless communications provider’s stock worth $1,048,000 after buying an additional 14,754 shares during the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.
CalAmp Corp. (NASDAQ:CAMP) traded up 0.42% during mid-day trading on Tuesday, reaching $19.26. The company’s stock had a trading volume of 309,108 shares. The company’s market cap is $681.75 million. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89. The stock’s 50 day moving average is $19.56 and its 200 day moving average is $17.34.
CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $86.85 million. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Equities research analysts predict that CalAmp Corp. will post $1.17 EPS for the current year.
CalAmp Corp. 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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