CalAmp (NASDAQ:CAMP) Downgraded to D+ at TheStreet

TheStreet cut shares of CalAmp (NASDAQ:CAMP) from a c rating to a d+ rating in a research report sent to investors on Thursday, June 27th, TheStreetRatingsTable reports.

Several other analysts have also recently commented on CAMP. Northland Securities set a $8.00 price objective on shares of vTv Therapeutics and gave the company a buy rating in a research note on Friday, June 28th. Craig Hallum raised their price objective on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, May 1st. ValuEngine cut shares of Zuora from a buy rating to a hold rating in a research note on Saturday, June 1st. Zacks Investment Research cut shares of CGI from a buy rating to a hold rating in a research note on Wednesday, June 19th. Finally, BidaskClub upgraded shares of Xilinx from a hold rating to a buy rating in a research note on Saturday, June 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $19.38.

Shares of NASDAQ:CAMP traded down $0.04 during midday trading on Thursday, hitting $10.72. The stock had a trading volume of 282,166 shares, compared to its average volume of 556,786. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 1.01. CalAmp has a 1 year low of $9.95 and a 1 year high of $24.37. The company’s 50 day moving average price is $10.73. The stock has a market cap of $360.51 million, a P/E ratio of 15.31, a PEG ratio of 3.04 and a beta of 2.03.

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

In other CalAmp news, Director Larry J. Wolfe bought 50,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was bought at an average price of $11.33 per share, for a total transaction of $566,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in CalAmp by 0.5% during the fourth quarter. BlackRock Inc. now owns 5,397,128 shares of the Wireless communications provider’s stock worth $70,218,000 after acquiring an additional 28,260 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of CalAmp by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,708,889 shares of the Wireless communications provider’s stock valued at $22,233,000 after buying an additional 42,993 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of CalAmp by 14.8% in the first quarter. Tributary Capital Management LLC now owns 949,971 shares of the Wireless communications provider’s stock valued at $11,951,000 after buying an additional 122,219 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of CalAmp by 9.3% in the first quarter. Rice Hall James & Associates LLC now owns 872,797 shares of the Wireless communications provider’s stock valued at $10,980,000 after buying an additional 74,174 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CalAmp by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 410,280 shares of the Wireless communications provider’s stock valued at $5,337,000 after buying an additional 40,243 shares during the last quarter. Institutional investors 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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