CalAmp Corp. (NASDAQ:CAMP)‘s stock had its “buy” rating restated by equities research analysts at Northland Securities in a report released on Tuesday. They currently have a $22.00 price objective on the Wireless communications provider’s stock. Northland Securities’ target price points to a potential upside of 19.50% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. J P Morgan Chase & Co began coverage on shares of CalAmp Corp. in a research report on Monday, August 28th. They issued a “neutral” rating and a $20.00 price objective for the company. BidaskClub raised shares of CalAmp Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of CalAmp Corp. in a research report on Saturday, July 1st. Finally, Craig Hallum boosted their price objective on shares of CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.00.

Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 18.41 on Tuesday. CalAmp Corp. has a 12-month low of $12.13 and a 12-month high of $20.89. The stock’s 50 day moving average is $18.71 and its 200-day moving average is $18.19. The stock’s market capitalization is $651.64 million.

CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings data on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $86.85 million. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. On average, analysts expect that CalAmp Corp. will post $1.17 earnings per share for the current year.

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In other news, CEO Michael J. Burdiek sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the chief executive officer now owns 479,093 shares of the company’s stock, valued at approximately $9,581,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans lifted its position in shares of CalAmp Corp. by 0.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 19,970 shares of the Wireless communications provider’s stock worth $335,000 after purchasing an additional 160 shares during the period. Texas Permanent School Fund lifted its position in shares of CalAmp Corp. by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 25,808 shares of the Wireless communications provider’s stock worth $525,000 after purchasing an additional 170 shares during the period. Mason Street Advisors LLC lifted its position in shares of CalAmp Corp. by 4.3% in the 1st quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 341 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of CalAmp Corp. by 0.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after purchasing an additional 468 shares during the period. Finally, Baker Avenue Asset Management LP lifted its position in shares of CalAmp Corp. by 1.5% in the 2nd quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock worth $986,000 after purchasing an additional 736 shares during the period. 72.88% of the stock is owned by hedge funds and other institutional investors.

About CalAmp Corp.

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 Corp. (NASDAQ:CAMP)

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