ValuEngine lowered shares of CalAmp (NASDAQ:CAMP) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also issued reports on CAMP. B. Riley reissued a buy rating and set a $28.00 target price on shares of CalAmp in a research note on Wednesday, October 4th. TheStreet raised shares of CalAmp from a c rating to a b rating in a research note on Friday, September 29th. Craig Hallum raised their price target on shares of CalAmp from $23.00 to $25.00 and gave the company a buy rating in a report on Friday, September 29th. Canaccord Genuity raised their price target on shares of CalAmp from $23.00 to $26.00 and gave the company a buy rating in a report on Friday, September 29th. Finally, Northland Securities restated a buy rating and set a $25.00 price target on shares of CalAmp in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $25.14.

Shares of CalAmp (NASDAQ:CAMP) traded down $0.49 during trading hours on Friday, hitting $22.36. 201,000 shares of the company’s stock were exchanged, compared to its average volume of 299,781. The firm has a market cap of $796.05, a price-to-earnings ratio of 25.12 and a beta of 1.64. CalAmp has a 52 week low of $14.12 and a 52 week high of $24.68. The company has a quick ratio of 2.36, a current ratio of 2.72 and a debt-to-equity ratio of 0.81.

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

In related news, Director Kimberly Alexy sold 25,000 shares of CalAmp stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the transaction, the director now owns 64,729 shares in the company, valued at approximately $1,464,169.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Burdiek sold 9,000 shares of CalAmp stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total transaction of $200,340.00. Following the completion of the transaction, the chief executive officer now 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 a total of 52,833 shares of company stock worth $1,216,660 in the last 90 days. 5.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CAMP. UBS Asset Management Americas Inc. bought a new position in CalAmp in the 1st quarter worth $193,000. Vanguard Group Inc. raised its holdings in CalAmp by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,948,640 shares of the Wireless communications provider’s stock worth $32,717,000 after acquiring an additional 98,825 shares during the period. Geode Capital Management LLC raised its holdings in CalAmp by 12.4% in the 1st quarter. Geode Capital Management LLC now owns 298,168 shares of the Wireless communications provider’s stock worth $5,006,000 after acquiring an additional 32,906 shares during the period. Dimensional Fund Advisors LP raised its holdings in CalAmp by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,579,319 shares of the Wireless communications provider’s stock worth $26,516,000 after acquiring an additional 81,806 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in CalAmp by 30.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 162,550 shares of the Wireless communications provider’s stock worth $2,730,000 after acquiring an additional 37,484 shares during the period. Hedge funds and other institutional investors own 72.33% of the company’s stock.

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CalAmp 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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