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Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, AnalystRatings.NET reports. The firm currently has a $12.40 price target on the stock. Zacks‘ price target indicates a potential upside of 7.83% from the stock’s previous close.

In other Calamos Asset Management Inc. Shs -A- news, CEO John Sr Calamos, Sr. purchased 12,187 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average price of $11.49 per share, for a total transaction of $140,028.63. Following the completion of the purchase, the chief executive officer now directly owns 1,847,193 shares of the company’s stock, valued at approximately $21,224,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) traded up 0.35% on Wednesday, hitting $11.54. 41,659 shares of the company’s stock traded hands. Calamos Asset Management Inc. Shs -A- has a 1-year low of $9.46 and a 1-year high of $12.26. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $10.50. The company has a market cap of $236.9 million and a price-to-earnings ratio of 19.13.

Calamos Asset Management Inc. Shs -A- (NASDAQ:CLMS) last released its earnings data on Tuesday, October 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $64.02 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 20.5% on a year-over-year basis. On average, analysts predict that Calamos Asset Management Inc. Shs -A- will post $0.52 earnings per share for the current fiscal year.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Calamos Asset Management Inc. Shs -A- from $9.75 to $11.00 in a research note to investors on Friday, January 10th. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Calamos Asset Management Inc. Shs -A- currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Calamos Asset Management, Inc (NASDAQ:CLMS) is a holding company.

To view Zacks’ full report, visit www.zacks.com

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