CalAmp Corp. (NASDAQ:CAMP) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.86.

Several equities analysts have issued reports on the stock. TheStreet raised shares of Select Medical from a “c+” rating to a “b-” rating in a report on Thursday, June 27th. Goldman Sachs Group raised shares of Koninklijke KPN from a “neutral” rating to a “buy” rating in a report on Wednesday, May 29th. Zacks Investment Research lowered shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Finally, ValuEngine lowered shares of Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st.

In related news, Director Larry J. Wolfe acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were purchased 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 Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP purchased a new stake in CalAmp in the first quarter valued at $26,000. Quantamental Technologies LLC purchased a new stake in CalAmp in the first quarter valued at $70,000. Metropolitan Life Insurance Co. NY boosted its holdings in CalAmp by 423.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,925 shares of the Wireless communications provider’s stock valued at $155,000 after purchasing an additional 9,648 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in CalAmp in the fourth quarter valued at $172,000. Finally, Bbva Compass Bancshares Inc. boosted its holdings in CalAmp by 9.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock valued at $186,000 after purchasing an additional 1,260 shares during the last quarter. 79.52% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CAMP traded down $0.04 on Friday, hitting $10.72. The stock had a trading volume of 282,166 shares, compared to its average volume of 556,786. The business has a fifty day moving average of $10.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.60. CalAmp has a 52-week low of $9.95 and a 52-week high of $24.37. The company has a market capitalization of $360.51 million, a PE ratio of 15.31, a price-to-earnings-growth ratio of 3.04 and a beta of 2.03.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.18). CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The firm had revenue of $89.10 million during the quarter, compared to analysts’ expectations of $86.91 million. During the same period in the prior year, the firm posted $0.29 earnings per share. CalAmp’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts predict that CalAmp will post 0.36 EPS for the current fiscal year.

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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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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