Shares of CalAmp Corp. (NASDAQ:CAMP) have been given a consensus rating of “Buy” by the twelve brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $26.71.
Several brokerages recently commented on CAMP. Craig Hallum cut CalAmp from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Thursday, March 8th. Roth Capital began coverage on CalAmp in a report on Friday, February 2nd. They set a “buy” rating and a $28.00 target price on the stock. ValuEngine raised CalAmp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised CalAmp from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, First Analysis raised CalAmp from an “equal weight” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Friday, February 16th.
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NASDAQ:CAMP traded up $0.15 during midday trading on Tuesday, hitting $21.15. 473,863 shares of the stock were exchanged, compared to its average volume of 399,156. CalAmp has a one year low of $17.52 and a one year high of $25.45. The stock has a market cap of $756.32 million, a price-to-earnings ratio of 22.99, a PEG ratio of 1.37 and a beta of 1.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 2.51.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. CalAmp had a return on equity of 18.54% and a net margin of 4.54%. The firm had revenue of $94.40 million for the quarter, compared to analysts’ expectations of $93.57 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. sell-side analysts expect that CalAmp will post 1.03 EPS for the current year.
In other CalAmp news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $19.58, for a total value of $244,750.00. Following the transaction, the chief executive officer now owns 495,934 shares of the company’s stock, valued at $9,710,387.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 37,500 shares of company stock worth $817,500 in the last ninety days. 5.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of CalAmp by 3.4% in the first quarter. BlackRock Inc. now owns 4,746,320 shares of the Wireless communications provider’s stock valued at $108,596,000 after buying an additional 157,010 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of CalAmp by 8.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 698,206 shares of the Wireless communications provider’s stock valued at $14,963,000 after buying an additional 53,900 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of CalAmp by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 647,530 shares of the Wireless communications provider’s stock valued at $14,816,000 after buying an additional 19,358 shares in the last quarter. Millennium Management LLC increased its holdings in shares of CalAmp by 58.0% in the fourth quarter. Millennium Management LLC now owns 556,613 shares of the Wireless communications provider’s stock valued at $11,928,000 after buying an additional 204,285 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. increased its holdings in shares of CalAmp by 5.0% in the first quarter. Eagle Boston Investment Management Inc. now owns 555,616 shares of the Wireless communications provider’s stock valued at $12,712,000 after buying an additional 26,479 shares in the last quarter. 72.69% of the stock is currently owned by institutional investors.
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.