ValuEngine upgraded shares of CalAmp (NASDAQ:CAMP) from a hold rating to a buy rating in a research report released on Friday, February 2nd.
Several other analysts have also recently issued reports on CAMP. BidaskClub upgraded shares of CalAmp from a hold rating to a buy rating in a research report on Saturday, January 6th. JPMorgan Chase & Co. upgraded shares of CalAmp from an underweight rating to a neutral rating and upped their target price for the company from $22.76 to $25.00 in a research report on Thursday, January 25th. B. Riley reissued a buy rating and issued a $28.00 price objective on shares of CalAmp in a research report on Tuesday, December 19th. Canaccord Genuity reissued a buy rating and issued a $27.00 price objective on shares of CalAmp in a research report on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of CalAmp from a hold rating to a sell rating in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. CalAmp currently has an average rating of Buy and an average price target of $26.00.
CalAmp (CAMP) opened at $23.37 on Friday. The firm has a market cap of $828.27, a P/E ratio of 23.72 and a beta of 1.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36. CalAmp has a 1-year low of $15.23 and a 1-year high of $25.45.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business had revenue of $93.67 million during the quarter, compared to analyst estimates of $91.10 million. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. analysts anticipate that CalAmp will post 0.92 earnings per share for the current year.
In related news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the transaction, the senior vice president now owns 195,289 shares of the company’s stock, valued at $4,296,358. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of CalAmp stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.68, for a total transaction of $195,120.00. Following the completion of the transaction, the chief executive officer now directly owns 492,434 shares of the company’s stock, valued at approximately $10,675,969.12. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $408,520 over the last quarter. Insiders own 5.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAMP. Dimensional Fund Advisors LP increased its holdings in CalAmp by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock valued at $35,274,000 after buying an additional 155,739 shares in the last quarter. BlackRock Inc. grew its position in shares of CalAmp by 2.5% in the fourth quarter. BlackRock Inc. now owns 4,589,310 shares of the Wireless communications provider’s stock valued at $98,349,000 after purchasing an additional 113,126 shares during the period. EAM Investors LLC acquired a new stake in shares of CalAmp in the third quarter valued at about $2,420,000. Bank of Montreal Can grew its position in shares of CalAmp by 4,306.6% in the fourth quarter. Bank of Montreal Can now owns 102,322 shares of the Wireless communications provider’s stock valued at $2,193,000 after purchasing an additional 100,000 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of CalAmp by 15.4% in the third quarter. Russell Investments Group Ltd. now owns 596,302 shares of the Wireless communications provider’s stock valued at $13,864,000 after purchasing an additional 79,624 shares during the period. 71.72% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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