CalAmp Corp. (NASDAQ:CAMP) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $24.83.

A number of analysts have recently commented on the company. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. Zacks Investment Research lowered CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a report on Wednesday, October 4th. J P Morgan Chase & Co lowered CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Northland Securities restated a “buy” rating and issued a $25.00 price target on shares of CalAmp Corp. in a report on Sunday, October 1st.

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In other CalAmp Corp. news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total transaction of $234,910.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total value of $200,340.00. Following the transaction, the chief executive officer now directly owns 502,434 shares in the company, valued at approximately $11,184,180.84. The disclosure for this sale can be found here. Insiders have sold 52,833 shares of company stock worth $1,216,660 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in CalAmp Corp. by 3.3% during the second quarter. Vanguard Group Inc. now owns 2,012,399 shares of the Wireless communications provider’s stock worth $40,911,000 after buying an additional 63,759 shares during the last quarter. Dimensional Fund Advisors LP increased its position in CalAmp Corp. by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock worth $35,274,000 after buying an additional 155,739 shares during the last quarter. State Street Corp increased its position in CalAmp Corp. by 4.4% during the second quarter. State Street Corp now owns 891,016 shares of the Wireless communications provider’s stock worth $18,114,000 after buying an additional 37,172 shares during the last quarter. Voya Investment Management LLC increased its position in CalAmp Corp. by 2.8% during the second quarter. Voya Investment Management LLC now owns 878,417 shares of the Wireless communications provider’s stock worth $17,858,000 after buying an additional 23,819 shares during the last quarter. Finally, Tributary Capital Management LLC increased its position in CalAmp Corp. by 11.7% during the second quarter. Tributary Capital Management LLC now owns 798,066 shares of the Wireless communications provider’s stock worth $16,225,000 after buying an additional 83,840 shares during the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

CalAmp Corp. (NASDAQ CAMP) opened at $22.14 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.36 and a current ratio of 2.72. The firm has a market capitalization of $771.84, a PE ratio of 24.36 and a beta of 1.66. CalAmp Corp. has a twelve month low of $14.12 and a twelve month high of $24.68.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $89.80 million for the quarter, compared to analyst estimates of $88.72 million. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. equities analysts predict that CalAmp Corp. will post 0.95 EPS for the current year.

CalAmp Corp. Company Profile

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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