Roth Capital set a $28.00 price target on CalAmp (NASDAQ:CAMP) in a research report report published on Sunday. The brokerage currently has a buy rating on the Wireless communications provider’s stock.
Several other research firms also recently commented on CAMP. Craig Hallum downgraded shares of CalAmp from a buy rating to a hold rating and set a $24.00 target price for the company. in a research report on Thursday, March 8th. ValuEngine raised shares of CalAmp from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of CalAmp from a strong sell rating to a hold rating in a research report on Wednesday, February 21st. First Analysis raised shares of CalAmp from an equal weight rating to an overweight rating and set a $29.00 target price for the company in a research report on Friday, February 16th. Finally, BidaskClub raised shares of CalAmp from a buy rating to a strong-buy rating in a research report on Saturday, March 17th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $26.75.
Shares of NASDAQ:CAMP traded up $0.12 during midday trading on Friday, hitting $21.27. 13,951 shares of the company’s stock were exchanged, compared to its average volume of 320,642. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 2.51. The company has a market cap of $756.33 million, a PE ratio of 23.12, a PEG ratio of 1.37 and a beta of 1.75. CalAmp has a 12 month low of $17.52 and a 12 month high of $25.45.
CalAmp (NASDAQ:CAMP) last posted its earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $94.40 million during the quarter, compared to the consensus estimate of $93.57 million. CalAmp had a net margin of 4.54% and a return on equity of 18.54%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. equities research analysts expect that CalAmp will post 1.03 earnings per share for the current fiscal year.
In other CalAmp news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $281,625.00. Following the completion of the sale, the chief executive officer now directly owns 495,934 shares of the company’s stock, valued at approximately $11,173,393.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 37,500 shares of company stock valued at $817,500 over the last ninety days. 5.30% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. LS Investment Advisors LLC grew its position in CalAmp by 380.1% in the 4th quarter. LS Investment Advisors LLC now owns 5,776 shares of the Wireless communications provider’s stock worth $124,000 after purchasing an additional 4,573 shares in the last quarter. Raymond James & Associates purchased a new position in CalAmp in the fourth quarter valued at about $214,000. Cubist Systematic Strategies LLC purchased a new position in CalAmp in the first quarter valued at about $236,000. Teacher Retirement System of Texas purchased a new position in CalAmp in the fourth quarter valued at about $259,000. Finally, Pitcairn Co. purchased a new position in CalAmp in the first quarter valued at about $280,000. 76.42% of the stock is owned by institutional investors and hedge funds.
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.
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