First Analysis upgraded shares of CalAmp (NASDAQ:CAMP) from an equal weight rating to an overweight rating in a report issued on Friday, February 16th, MarketBeat Ratings reports. The brokerage currently has $29.00 price objective on the Wireless communications provider’s stock.
Several other equities analysts have also weighed in on the company. Roth Capital began coverage on CalAmp in a research note on Friday, February 2nd. They issued a buy rating and a $28.00 target price on the stock. ValuEngine raised CalAmp from a hold rating to a buy rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised CalAmp from an underweight rating to a neutral rating and increased their target price for the company from $22.76 to $25.00 in a research note on Thursday, January 25th. BidaskClub raised CalAmp from a hold rating to a buy rating in a research note on Saturday, January 6th. Finally, B. Riley reissued a buy rating and issued a $28.00 target price on shares of CalAmp in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $26.44.
Shares of CalAmp (CAMP) traded up $0.21 on Friday, hitting $23.96. The stock had a trading volume of 258,058 shares, compared to its average volume of 297,108. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76. CalAmp has a twelve month low of $15.64 and a twelve month high of $25.45. The firm has a market capitalization of $853.57, a price-to-earnings ratio of 50.98 and a beta of 1.70.
In other CalAmp news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total value of $66,000.00. Following the completion of the sale, the senior vice president now directly owns 195,289 shares in the company, valued at $4,296,358. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Burdiek sold 4,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.35, for a total value of $97,400.00. Following the completion of the sale, the chief executive officer now owns 487,434 shares of the company’s stock, valued at $11,869,017.90. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock valued at $699,645 over the last 90 days. Corporate insiders own 5.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in CAMP. LS Investment Advisors LLC grew its holdings in shares of CalAmp by 380.1% during the fourth quarter. LS Investment Advisors LLC now owns 5,776 shares of the Wireless communications provider’s stock worth $124,000 after buying an additional 4,573 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of CalAmp during the third quarter worth about $214,000. Raymond James & Associates bought a new position in shares of CalAmp during the fourth quarter worth about $214,000. Teacher Retirement System of Texas bought a new position in shares of CalAmp during the fourth quarter worth about $259,000. Finally, Paloma Partners Management Co bought a new position in shares of CalAmp during the fourth quarter worth about $292,000. Institutional investors own 71.67% of the company’s stock.
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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.
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