Several other research firms have also recently weighed in on CAMP. Goldman Sachs Group cut CalAmp from a neutral rating to a sell rating and cut their price objective for the company from $13.00 to $11.00 in a report on Wednesday, May 29th. Zacks Investment Research upgraded CalAmp from a sell rating to a hold rating in a report on Wednesday, June 19th. Northland Securities reiterated a buy rating on shares of CalAmp in a report on Tuesday, September 3rd. ValuEngine upgraded CalAmp from a hold rating to a buy rating in a report on Wednesday, September 11th. Finally, TheStreet cut CalAmp from a c rating to a d+ rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $19.38.
NASDAQ:CAMP opened at $11.15 on Monday. CalAmp has a fifty-two week low of $9.35 and a fifty-two week high of $24.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.60 and a quick ratio of 1.40. The stock has a market capitalization of $320.66 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of 3.55 and a beta of 1.97. The business’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $11.69.
In other news, Director Larry J. Wolfe bought 50,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of $11.33 per share, for a total transaction of $566,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Investments LLC bought a new stake in CalAmp in the 2nd quarter valued at approximately $9,248,000. Nomura Holdings Inc. lifted its stake in CalAmp by 6.6% in the 2nd quarter. Nomura Holdings Inc. now owns 574,136 shares of the Wireless communications provider’s stock valued at $6,621,000 after acquiring an additional 35,637 shares in the last quarter. Walleye Trading Advisors LLC bought a new stake in CalAmp in the 2nd quarter valued at approximately $120,000. Walleye Trading LLC lifted its stake in CalAmp by 194.1% in the 2nd quarter. Walleye Trading LLC now owns 31,205 shares of the Wireless communications provider’s stock valued at $364,000 after acquiring an additional 20,596 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of CalAmp by 125.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 33,540 shares of the Wireless communications provider’s stock worth $392,000 after purchasing an additional 18,640 shares during the last quarter. Hedge funds and other institutional investors own 78.15% of the company’s stock.
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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