Somewhat Positive News Coverage Somewhat Unlikely to Impact CalAmp (CAMP) Stock Price
Media headlines about CalAmp (NASDAQ:CAMP) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CalAmp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 45.6131804878439 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research analysts have weighed in on the stock. TheStreet raised shares of CalAmp from a “c” rating to a “b” rating in a research note on Friday, September 29th. Canaccord Genuity lifted their price target on shares of CalAmp from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Craig Hallum lifted their price target on shares of CalAmp from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Northland Securities reaffirmed a “buy” rating and issued a $22.00 price target on shares of CalAmp in a research note on Tuesday, September 5th. Finally, Zacks Investment Research raised 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.14.
Shares of CalAmp (NASDAQ CAMP) opened at $21.75 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81. CalAmp has a 1 year low of $14.12 and a 1 year high of $24.68. The stock has a market cap of $780.38, a price-to-earnings ratio of 24.63 and a beta of 1.64.
In related news, CEO Michael J. Burdiek sold 9,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $23.99, for a total value of $215,910.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $23.89, for a total transaction of $234,910.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,833 shares of company stock worth $1,216,660. Corporate insiders own 5.30% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-calamp-camp-stock-price/1760741.html.
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.
Receive News & Ratings for CalAmp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp and related companies with MarketBeat.com's FREE daily email newsletter.