B. Riley Reaffirms “Buy” Rating for CalAmp (CAMP)

B. Riley reaffirmed their buy rating on shares of CalAmp (NASDAQ:CAMP) in a report released on Wednesday. B. Riley currently has a $28.00 price objective on the Wireless communications provider’s stock.

CAMP has been the topic of several other reports. Zacks Investment Research upgraded shares of CalAmp from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Tuesday, October 3rd. Northland Securities restated a buy rating and set a $22.00 price objective on shares of CalAmp in a research note on Tuesday, September 5th. Canaccord Genuity restated a buy rating and set a $27.00 price objective on shares of CalAmp in a research note on Thursday, December 21st. Craig Hallum boosted their price objective on shares of CalAmp from $23.00 to $25.00 and gave the stock a buy rating in a research note on Friday, September 29th. Finally, ValuEngine lowered shares of CalAmp from a buy rating to a hold rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $25.29.

Shares of CalAmp (CAMP) opened at $22.41 on Wednesday. CalAmp has a twelve month low of $14.56 and a twelve month high of $24.68. The company has a current ratio of 2.76, a quick ratio of 2.36 and a debt-to-equity ratio of 0.76. The company has a market cap of $797.83, a price-to-earnings ratio of 47.68 and a beta of 1.63.

CalAmp (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The firm had revenue of $93.67 million for the quarter, compared to analyst estimates of $91.10 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. analysts predict that CalAmp will post 0.92 EPS for the current year.

In other CalAmp news, Director Kimberly Alexy sold 25,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the completion of the sale, the director now owns 64,729 shares of the company’s stock, valued at approximately $1,464,169.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the sale, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at approximately $4,296,358. The disclosure for this sale can be found here. Insiders sold a total of 46,000 shares of company stock valued at $1,026,960 in the last three months. Insiders own 5.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FDx Advisors Inc. bought a new stake in CalAmp in the 3rd quarter valued at about $214,000. BNP Paribas Arbitrage SA lifted its holdings in shares of CalAmp by 58.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock worth $218,000 after acquiring an additional 3,979 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of CalAmp by 60.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock worth $308,000 after acquiring an additional 5,020 shares during the period. Van Hulzen Asset Management LLC lifted its holdings in shares of CalAmp by 21.0% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 2,740 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of CalAmp by 7.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after acquiring an additional 1,390 shares during the period. 72.14% of the stock is owned by hedge funds and other institutional investors.

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CalAmp Company Profile

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.

Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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