CalAmp Corp. (NASDAQ:CAMP) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.83.

A number of analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of CalAmp in a research report on Wednesday, October 4th. TheStreet upgraded shares of CalAmp from a “c” rating to a “b” rating in a research report on Friday, September 29th. Craig Hallum increased their price target on shares of CalAmp from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Canaccord Genuity increased their price target on shares of CalAmp from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Finally, BidaskClub upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.

CalAmp (NASDAQ:CAMP) opened at $22.29 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81. CalAmp has a 52-week low of $14.12 and a 52-week high of $24.68. The stock has a market cap of $782.87, a PE ratio of 24.71 and a beta of 1.64.

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

In related news, Director Kimberly Alexy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the sale, the director now directly owns 64,729 shares of the company’s stock, valued at approximately $1,464,169.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total value of $200,340.00. Following the sale, the chief executive officer now directly owns 502,434 shares of the company’s stock, valued at $11,184,180.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,833 shares of company stock valued at $1,216,660. 5.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in CalAmp by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,012,399 shares of the Wireless communications provider’s stock worth $40,911,000 after purchasing an additional 63,759 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in CalAmp by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock worth $35,274,000 after purchasing an additional 155,739 shares in the last quarter. State Street Corp grew its stake in shares of CalAmp by 4.4% during the 2nd quarter. State Street Corp now owns 891,016 shares of the Wireless communications provider’s stock worth $18,114,000 after acquiring an additional 37,172 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of CalAmp by 2.8% during the 2nd quarter. Voya Investment Management LLC now owns 878,417 shares of the Wireless communications provider’s stock worth $17,858,000 after acquiring an additional 23,819 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of CalAmp by 15.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 596,302 shares of the Wireless communications provider’s stock worth $13,864,000 after acquiring an additional 79,624 shares in the last quarter. 72.33% of the stock is owned by institutional investors and hedge funds.

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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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