CalAmp Corp. (NASDAQ:CAMP) Receives Consensus Recommendation of “Hold” from Analysts

CalAmp Corp. (NASDAQ:CAMP) has been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.86.

Several equities research analysts have issued reports on CAMP shares. Craig Hallum reaffirmed a “buy” rating and set a $16.00 price target (down from $17.00) on shares of CalAmp in a research note on Wednesday, May 1st. ValuEngine upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub lowered shares of CalAmp from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, Northland Securities upgraded shares of CalAmp from a “market perform” rating to an “outperform” rating in a report on Friday, June 28th.

In related news, Director Larry J. Wolfe acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average cost of $11.33 per share, for a total transaction of $566,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its holdings in CalAmp by 10.3% in the first quarter. Comerica Bank now owns 37,881 shares of the Wireless communications provider’s stock valued at $494,000 after buying an additional 3,545 shares during the period. Dimensional Fund Advisors LP grew its position in CalAmp by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,708,889 shares of the Wireless communications provider’s stock valued at $22,233,000 after acquiring an additional 42,993 shares in the last quarter. Bbva Compass Bancshares Inc. grew its position in CalAmp by 9.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock valued at $186,000 after acquiring an additional 1,260 shares in the last quarter. Principal Financial Group Inc. grew its position in CalAmp by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 312,748 shares of the Wireless communications provider’s stock valued at $4,069,000 after acquiring an additional 11,112 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in CalAmp by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 410,280 shares of the Wireless communications provider’s stock valued at $5,337,000 after acquiring an additional 40,243 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Shares of CalAmp stock traded up $0.07 during mid-day trading on Thursday, hitting $10.32. 125,095 shares of the stock were exchanged, compared to its average volume of 336,815. CalAmp has a twelve month low of $9.78 and a twelve month high of $24.37. The company has a market cap of $347.06 million, a PE ratio of 14.79, a price-to-earnings-growth ratio of 2.93 and a beta of 1.98. The stock has a 50-day moving average of $10.97. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.18). CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $86.91 million. During the same period in the prior year, the business earned $0.29 earnings per share. CalAmp’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that CalAmp will post 0.36 earnings per share for the current year.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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