CalAmp Corp. (NASDAQ:CAMP) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of brokerages have recently weighed in on CAMP. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp in a research note on Wednesday, October 4th. TheStreet raised shares of CalAmp from a “c” rating to a “b” rating in a research note on Friday, September 29th. BidaskClub raised shares of CalAmp from a “hold” rating to a “buy” rating in a research note on Saturday. Craig Hallum upped their price target on shares of CalAmp from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. Finally, Canaccord Genuity upped their price target on shares of CalAmp from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, September 29th.

In related news, Director Kimberly Alexy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were 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 $1,464,169.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the sale, 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 sold 46,000 shares of company stock valued at $1,026,960. Company insiders own 5.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CAMP. FDx Advisors Inc. acquired a new stake in CalAmp during the third quarter valued at approximately $214,000. BNP Paribas Arbitrage SA lifted its stake in CalAmp by 58.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock valued at $218,000 after purchasing an additional 3,979 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in 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 valued at $308,000 after purchasing an additional 5,020 shares during the last quarter. Van Hulzen Asset Management LLC lifted its stake 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 valued at $367,000 after purchasing an additional 2,740 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake 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 valued at $434,000 after purchasing an additional 1,390 shares during the last quarter. 72.10% of the stock is owned by institutional investors and hedge funds.

CalAmp (NASDAQ CAMP) opened at $23.00 on Wednesday. CalAmp has a 1 year low of $14.56 and a 1 year high of $24.68. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $808.15, a PE ratio of 48.94 and a beta of 1.63.

CalAmp (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $93.67 million during the quarter, compared to analyst estimates of $91.10 million. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. sell-side analysts forecast that CalAmp will post 0.92 earnings per share for the current 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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