CalAmp Corp. (NASDAQ:CAMP) Receives $20.88 Average Target Price from Analysts

CalAmp Corp. (NASDAQ:CAMP) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.88.

Several analysts recently weighed in on CAMP shares. B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of CalAmp Corp. in a research note on Saturday, July 1st. BidaskClub cut shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Benchmark Co. began coverage on shares of CalAmp Corp. in a research report on Tuesday, April 25th. They set a “buy” rating and a $23.00 price target on the stock. Zacks Investment Research raised shares of CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, April 21st. Finally, Craig Hallum upped their price target on shares of CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th.

In other news, CEO Michael J. Burdiek sold 10,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the chief executive officer now owns 479,093 shares in the company, valued at $9,581,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total transaction of $282,450.00. Following the completion of the sale, the senior vice president now owns 200,680 shares in the company, valued at approximately $3,778,804.40. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in CalAmp Corp. by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,012,399 shares of the Wireless communications provider’s stock worth $40,911,000 after buying an additional 63,759 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in CalAmp Corp. by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock worth $35,274,000 after buying an additional 155,739 shares in the last quarter. State Street Corp raised its stake in CalAmp Corp. by 4.7% in the first quarter. State Street Corp now owns 853,844 shares of the Wireless communications provider’s stock worth $14,333,000 after buying an additional 38,090 shares in the last quarter. Tributary Capital Management LLC raised its stake in CalAmp Corp. by 11.7% in the second quarter. Tributary Capital Management LLC now owns 798,066 shares of the Wireless communications provider’s stock worth $16,225,000 after buying an additional 83,840 shares in the last quarter. Finally, Divisar Capital Management LLC raised its stake in CalAmp Corp. by 24.3% in the first quarter. Divisar Capital Management LLC now owns 708,289 shares of the Wireless communications provider’s stock worth $11,892,000 after buying an additional 138,372 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

CalAmp Corp. (NASDAQ CAMP) opened at 17.99 on Tuesday. CalAmp Corp. has a 1-year low of $12.13 and a 1-year high of $20.89. The stock has a 50 day moving average price of $19.37 and a 200-day moving average price of $17.77. The firm’s market cap is $636.77 million.

CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The company had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $86.85 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. CalAmp Corp.’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts forecast that CalAmp Corp. will post $1.17 EPS for the current year.

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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.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

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