Shares of CalAmp Corp. (NASDAQ:CAMP) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.00.

Several analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp in a research note on Friday, September 29th. TheStreet upgraded CalAmp from a “c” rating to a “b” rating in a research report on Friday, September 29th. JPMorgan Chase & Co. downgraded CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research report on Wednesday, October 4th. BidaskClub upgraded CalAmp from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, ValuEngine downgraded CalAmp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In other CalAmp news, CEO Michael J. Burdiek sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.68, for a total value of $195,120.00. Following the completion of the transaction, the chief executive officer now directly owns 492,434 shares of the company’s stock, valued at $10,675,969.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total value of $66,000.00. Following the transaction, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at $4,296,358. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,000 shares of company stock valued at $1,026,960. 5.30% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. FDx Advisors Inc. acquired a new position in shares of CalAmp during the third quarter worth about $214,000. BNP Paribas Arbitrage SA boosted its position in shares of CalAmp by 58.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 3,979 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of CalAmp by 60.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock worth $308,000 after buying an additional 5,020 shares during the period. Van Hulzen Asset Management LLC raised its holdings in CalAmp by 21.0% during the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 2,740 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in CalAmp by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after acquiring an additional 1,390 shares in the last quarter. 72.10% of the stock is owned by institutional investors.

Shares of CalAmp (NASDAQ:CAMP) traded up $0.26 during trading hours on Wednesday, hitting $23.41. The stock had a trading volume of 378,639 shares, compared to its average volume of 392,617. CalAmp has a one year low of $14.56 and a one year high of $24.68. The firm has a market cap of $833.43, a price-to-earnings ratio of 49.81 and a beta of 1.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The business had revenue of $93.67 million for the quarter, compared to analyst estimates of $91.10 million. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. CalAmp’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. equities research analysts anticipate that CalAmp will post 0.92 EPS for the current fiscal year.

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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.

Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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