CalAmp (NASDAQ:CAMP) Upgraded by Northland Securities to “Outperform”

CalAmp (NASDAQ:CAMP) was upgraded by equities researchers at Northland Securities from a “market perform” rating to an “outperform” rating in a report issued on Friday, June 28th, Marketbeat Ratings reports.

Several other research analysts also recently commented on CAMP. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. TheStreet downgraded USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Finally, JPMorgan Chase & Co. set a €21.00 ($24.42) target price on Signify and gave the stock a “sell” rating in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.38.

CAMP stock traded down $0.04 during trading on Friday, reaching $10.72. 282,166 shares of the stock were exchanged, compared to its average volume of 556,786. CalAmp has a twelve month low of $9.95 and a twelve month high of $24.37. The firm has a market capitalization of $361.86 million, a P/E ratio of 15.37, a P/E/G ratio of 3.05 and a beta of 2.03. The business’s 50 day simple moving average is $10.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.60 and a quick ratio of 1.40.

CalAmp (NASDAQ:CAMP) last released its earnings results on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). The firm had revenue of $89.10 million for the quarter, compared to analyst estimates of $86.91 million. CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. Equities research analysts expect that CalAmp will post 0.36 EPS for the current fiscal year.

In other news, Director Larry J. Wolfe acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average price of $11.33 per share, for a total transaction of $566,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bbva Compass Bancshares Inc. boosted its stake in CalAmp by 9.3% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock worth $186,000 after purchasing an additional 1,260 shares during the period. Royce & Associates LP acquired a new position in CalAmp in the 1st quarter worth $26,000. AlphaOne Investment Services LLC boosted its stake in CalAmp by 0.8% in the 4th quarter. AlphaOne Investment Services LLC now owns 270,915 shares of the Wireless communications provider’s stock worth $3,525,000 after purchasing an additional 2,248 shares during the period. Cadence Capital Management LLC boosted its stake in CalAmp by 1.8% in the 1st quarter. Cadence Capital Management LLC now owns 156,940 shares of the Wireless communications provider’s stock worth $1,974,000 after purchasing an additional 2,736 shares during the period. Finally, Comerica Bank boosted its stake in shares of CalAmp by 10.3% during the 1st quarter. Comerica Bank now owns 37,881 shares of the Wireless communications provider’s stock worth $494,000 after buying an additional 3,545 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Analyst Recommendations for CalAmp (NASDAQ:CAMP)

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