ValuEngine lowered shares of CalAmp (NASDAQ:CAMP) from a buy rating to a hold rating in a report issued on Friday.

A number of other brokerages have also weighed in on CAMP. BidaskClub lowered CalAmp from a hold rating to a sell rating in a report on Saturday, August 5th. J P Morgan Chase & Co initiated coverage on CalAmp in a report on Monday, August 28th. They issued a neutral rating and a $20.00 price objective on the stock. Northland Securities restated a buy rating and issued a $22.00 price objective on shares of CalAmp in a report on Tuesday, September 5th. Craig Hallum raised their price objective on CalAmp from $23.00 to $25.00 and gave the company a buy rating in a report on Friday, September 29th. Finally, Canaccord Genuity raised their price objective on CalAmp from $23.00 to $26.00 and gave the company a buy rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $25.14.

CalAmp (CAMP) traded down $0.49 during trading on Friday, reaching $22.36. 201,055 shares of the company were exchanged, compared to its average volume of 206,786. CalAmp has a 1 year low of $14.12 and a 1 year high of $24.68. The firm has a market cap of $778.98, a PE ratio of 25.67 and a beta of 1.66. The company has a quick ratio of 2.36, a current ratio of 2.72 and a debt-to-equity ratio of 0.81.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. CalAmp had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts predict that CalAmp will post 0.95 EPS for the current fiscal year.

In other CalAmp news, CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $23.99, for a total value of $215,910.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of CalAmp stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The disclosure for this sale can be found here. Insiders sold a total of 52,833 shares of company stock worth $1,216,660 in the last 90 days. 5.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of CalAmp by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 2,659 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of CalAmp by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after acquiring an additional 3,021 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of CalAmp during the 1st quarter worth $193,000. First Mercantile Trust Co. purchased a new position in shares of CalAmp during the 2nd quarter worth $205,000. Finally, FDx Advisors Inc. purchased a new position in shares of CalAmp during the 3rd quarter worth $214,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

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About CalAmp

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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