Northland Securities set a $20.00 price target on CalAmp (NASDAQ:CAMP) in a research report report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.
Several other research firms have also recently issued reports on CAMP. ValuEngine raised CalAmp from a hold rating to a buy rating in a research note on Wednesday, September 25th. Canaccord Genuity set a $24.00 target price on CalAmp and gave the stock a buy rating in a research note on Friday. BidaskClub raised CalAmp from a hold rating to a buy rating in a research note on Monday, September 16th. TheStreet cut CalAmp from a c rating to a d+ rating in a research note on Thursday, June 27th. Finally, Zacks Investment Research raised CalAmp from a sell rating to a hold rating in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $19.56.
Shares of NASDAQ CAMP traded up $0.16 during trading hours on Friday, hitting $11.52. The company’s stock had a trading volume of 357,598 shares, compared to its average volume of 333,349. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.60. The stock has a market cap of $394.81 million, a price-to-earnings ratio of 22.15, a P/E/G ratio of 3.62 and a beta of 1.97. CalAmp has a 12 month low of $9.35 and a 12 month high of $24.11. The business has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $11.60.
CalAmp (NASDAQ:CAMP) last posted its earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.11. The company had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $91.50 million. CalAmp had a positive return on equity of 8.95% and a negative net margin of 1.50%. CalAmp’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities research analysts forecast that CalAmp will post 0.33 EPS for the current year.
In other news, Director Larry J. Wolfe acquired 50,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were acquired at an average cost of $11.33 per share, with a total value of $566,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Royce & Associates LP bought a new stake in CalAmp during the 1st quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in CalAmp during the 2nd quarter valued at approximately $62,000. Meeder Asset Management Inc. bought a new stake in CalAmp during the 2nd quarter valued at approximately $69,000. US Bancorp DE boosted its position in CalAmp by 19.2% during the 2nd quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock valued at $117,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Walleye Trading Advisors LLC bought a new stake in CalAmp during the 2nd quarter valued at approximately $120,000. 78.15% of the stock is currently owned by institutional investors and hedge funds.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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