B. Riley Increases CAlAmp Corp. Price Target to $22.50 (CAMP)
B. Riley upped their price objective on shares of CAlAmp Corp. (NASDAQ:CAMP) from $17.33 to $22.50 in a research note issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 20.39% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Securities raised their price target on shares of CAlAmp Corp. (NASDAQ:CAMP) from $15.25 to $19.00 in a research note to investors on Thursday, August 8th. They now have a “positive” rating on the stock. Analysts at Northland Capital Partners raised their price target on shares of CAlAmp Corp. (NASDAQ:CAMP) from $15.25 to $19.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, CAlAmp Corp. presently has an average rating of “Buy” and an average price target of $18.90.
In other CAlAmp Corp. news, CFO Richard Vitelle unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the sale, the chief financial officer now directly owns 322,516 shares of the company’s stock, valued at approximately $5,547,275. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CAlAmp Corp. (NASDAQ:CAMP) traded up 2.69% on Wednesday, hitting $18.69. 1,309,516 shares of the company’s stock traded hands. CAlAmp Corp. has a 52-week low of $7.65 and a 52-week high of $18.88. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $13.84. The company has a market cap of $646.0 million and a P/E ratio of 13.57.
CAlAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.03. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.80 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 33.6% on a year-over-year basis. On average, analysts predict that CAlAmp Corp. will post $0.77 earnings per share for the current fiscal year.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.
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