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Investment analysts at Stephens started coverage on shares of CalAmp Corp. (NASDAQ:CAMP) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $25.00 price target on the stock. Stephens’ price target indicates a potential upside of 50.51% from the company’s current price.

CalAmp Corp. (NASDAQ:CAMP) traded up 2.83% during mid-day trading on Thursday, hitting $17.08. 549,863 shares of the company’s stock traded hands. CalAmp Corp. has a 1-year low of $12.01 and a 1-year high of $34.85. The stock’s 50-day moving average is $22.13 and its 200-day moving average is $26.49. The company has a market cap of $603.5 million and a price-to-earnings ratio of 50.33.

CalAmp Corp. (NASDAQ:CAMP) last released its earnings data on Thursday, April 24th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $59.85 million for the quarter, compared to the consensus estimate of $61.49 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Analysts expect that CalAmp Corp. will post $0.97 EPS for the current fiscal year.

In other CalAmp Corp. news, Director Frank Perna, Jr. unloaded 8,300 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $18.03, for a total value of $149,649.00. Following the completion of the transaction, the director now directly owns 224,722 shares of the company’s stock, valued at approximately $4,051,738. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at First Analysis upgraded shares of CalAmp Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Separately, analysts at Zacks downgraded shares of CalAmp Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $14.50 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of CalAmp Corp. in a research note on Friday, April 25th. They now have a $35.00 price target on the stock, down previously from $38.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.50.

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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