CalAmp (CAMP) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of CalAmp (NASDAQ:CAMP) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other brokerages also recently commented on CAMP. Craig Hallum upped their target price on CalAmp from $23.00 to $25.00 and gave the stock a buy rating in a research note on Friday, September 29th. Zacks Investment Research downgraded CalAmp from a buy rating to a hold rating in a research note 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 research note on Wednesday, October 4th. TheStreet upgraded 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $25.29.

Shares of CalAmp (NASDAQ:CAMP) opened at $23.00 on Friday. CalAmp has a one year low of $14.56 and a one year 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. The company has a market capitalization of $808.15, a PE ratio of 48.94 and a beta of 1.63.

CalAmp (NASDAQ:CAMP) last issued 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 the consensus estimate of $91.10 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. research analysts expect that CalAmp will post 0.92 EPS for the current fiscal year.

In other CalAmp news, Director Kimberly Alexy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the transaction, the director now owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total value of $66,000.00. Following the transaction, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at approximately $4,296,358. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $1,026,960 in the last quarter. 5.30% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. FDx Advisors Inc. acquired a new position in shares of CalAmp during the third quarter valued at approximately $214,000. BNP Paribas Arbitrage SA raised its holdings in shares of CalAmp by 58.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 3,979 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of CalAmp by 60.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock valued at $308,000 after acquiring an additional 5,020 shares during the last quarter. Van Hulzen Asset Management LLC raised its holdings in shares of CalAmp by 21.0% during the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock valued at $367,000 after acquiring an additional 2,740 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of CalAmp by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock valued at $434,000 after acquiring an additional 1,390 shares during the last quarter. 72.10% of the stock is owned by institutional investors and hedge funds.

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About CalAmp

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 (NASDAQ:CAMP)

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