CAMP has been the topic of a number of other research reports. B. Riley cut their target price on shares of CalAmp Corp. from $29.00 to $22.00 and set a buy rating on the stock in a research note on Monday, September 26th. Canaccord Genuity reissued a buy rating and issued a $25.00 target price on shares of CalAmp Corp. in a research note on Wednesday, June 29th. First Analysis downgraded shares of CalAmp Corp. from an overweight rating to an equal weight rating and cut their target price for the company from $19.00 to $16.00 in a research note on Friday. Craig Hallum reissued a buy rating and issued a $20.00 target price (down previously from $21.00) on shares of CalAmp Corp. in a research note on Wednesday, June 29th. Finally, Zacks Investment Research raised shares of CalAmp Corp. from a sell rating to a hold rating in a research note on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CalAmp Corp. currently has a consensus rating of Buy and an average target price of $21.56.
CalAmp Corp. (NASDAQ:CAMP) traded up 1.33% during trading on Monday, reaching $13.72. 62,136 shares of the company’s stock traded hands. The stock has a market capitalization of $498.48 million, a P/E ratio of 71.09 and a beta of 1.27. The stock has a 50-day moving average price of $15.15 and a 200 day moving average price of $15.27. CalAmp Corp. has a 1-year low of $13.01 and a 1-year high of $21.35.
CalAmp Corp. (NASDAQ:CAMP) last issued its earnings results on Thursday, September 29th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. CalAmp Corp. had a net margin of 2.21% and a return on equity of 21.17%. The business had revenue of $90.50 million for the quarter. During the same period in the prior year, the business posted $0.27 EPS. The business’s revenue was up 29.6% on a year-over-year basis. Equities research analysts expect that CalAmp Corp. will post $1.11 earnings per share for the current year.
In other news, VP Richard K. Vitelle sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the sale, the vice president now directly owns 304,409 shares of the company’s stock, valued at approximately $4,566,135. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of CalAmp Corp. during the second quarter worth $8,725,000. Mckinley Capital Management LLC Delaware raised its stake in shares of CalAmp Corp. by 412.0% in the first quarter. Mckinley Capital Management LLC Delaware now owns 440,021 shares of the company’s stock worth $7,890,000 after buying an additional 354,086 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of CalAmp Corp. by 1,933.5% in the second quarter. Nomura Holdings Inc. now owns 276,438 shares of the company’s stock worth $4,081,000 after buying an additional 262,844 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of CalAmp Corp. by 238.3% in the first quarter. JPMorgan Chase & Co. now owns 211,932 shares of the company’s stock worth $3,801,000 after buying an additional 149,279 shares in the last quarter. Finally, Aristotle Capital Boston LLC raised its stake in shares of CalAmp Corp. by 308.9% in the second quarter. Aristotle Capital Boston LLC now owns 175,626 shares of the company’s stock worth $2,601,000 after buying an additional 132,680 shares in the last quarter. 65.21% of the stock is owned by institutional investors.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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