CalAmp (NASDAQ:CAMP) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, ValuEngine reports.

Several other equities analysts have also weighed in on the stock. Goldman Sachs Group lowered shares of CalAmp from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, May 29th. Zacks Investment Research raised shares of CalAmp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Northland Securities reiterated a “buy” rating on shares of CalAmp in a research note on Tuesday, September 3rd. BidaskClub raised shares of CalAmp from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, TheStreet downgraded shares of CalAmp from a “c” rating to a “d+” rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.38.

Shares of NASDAQ CAMP traded up $0.35 during midday trading on Wednesday, hitting $11.70. 240,102 shares of the company’s stock were exchanged, compared to its average volume of 329,579. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $363.54 million, a PE ratio of 15.44, a price-to-earnings-growth ratio of 3.33 and a beta of 1.97. CalAmp has a 12 month low of $9.35 and a 12 month high of $24.37. The company’s 50 day moving average price is $10.25 and its 200 day moving average price is $11.79.

CalAmp (NASDAQ:CAMP) last posted its quarterly earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). CalAmp had a net margin of 0.33% and a return on equity of 11.85%. The business had revenue of $89.10 million during the quarter, compared to the consensus estimate of $86.91 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that CalAmp will post 0.33 EPS for the current year.

In other news, Director Larry J. Wolfe bought 50,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was bought at an average price of $11.33 per share, with a total value of $566,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC bought a new position in CalAmp during the second quarter worth about $9,248,000. Marshall Wace LLP acquired a new position in shares of CalAmp during the 2nd quarter worth approximately $3,732,000. Invesco Ltd. grew its position in shares of CalAmp by 166.4% during the 2nd quarter. Invesco Ltd. now owns 394,859 shares of the Wireless communications provider’s stock worth $4,612,000 after purchasing an additional 246,612 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of CalAmp by 79.9% during the first quarter. California Public Employees Retirement System now owns 386,647 shares of the Wireless communications provider’s stock worth $4,864,000 after purchasing an additional 171,713 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of CalAmp during the second quarter worth approximately $1,819,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

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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