CalAmp Corp. (NASDAQ:CAMP) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.04.

A number of equities analysts have weighed in on the stock. Northland Securities restated a “buy” rating and set a $12.00 price objective on shares of CalAmp in a research report on Monday, August 24th. Zacks Investment Research upgraded CalAmp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, BidaskClub lowered CalAmp from a “buy” rating to a “hold” rating in a report on Friday, August 28th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. purchased a new stake in shares of CalAmp during the 1st quarter valued at approximately $40,000. Janney Montgomery Scott LLC acquired a new stake in CalAmp during the first quarter worth $50,000. BNP Paribas Arbitrage SA raised its position in CalAmp by 24.0% in the first quarter. BNP Paribas Arbitrage SA now owns 13,331 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,581 shares during the period. US Bancorp DE lifted its stake in shares of CalAmp by 87.7% in the 1st quarter. US Bancorp DE now owns 16,317 shares of the Wireless communications provider’s stock valued at $73,000 after purchasing an additional 7,623 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of CalAmp by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,167 shares of the Wireless communications provider’s stock worth $77,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

CAMP traded up $0.02 on Friday, reaching $8.53. 9,957 shares of the stock were exchanged, compared to its average volume of 209,280. The company’s 50-day moving average price is $8.43 and its 200 day moving average price is $7.21. The firm has a market capitalization of $282.13 million, a PE ratio of -3.41 and a beta of 2.41. CalAmp has a fifty-two week low of $3.70 and a fifty-two week high of $12.32. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.33 and a quick ratio of 1.96.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, June 25th. The Wireless communications provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $80.22 million during the quarter, compared to analysts’ expectations of $75.29 million. CalAmp had a positive return on equity of 0.90% and a negative net margin of 23.80%. CalAmp’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. As a group, equities analysts forecast that CalAmp will post -0.24 earnings per share for the current fiscal year.

About CalAmp

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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