CalAmp Corp. (NASDAQ:CAMP) has received an average rating of “Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.38.
A number of analysts have recently commented on CAMP shares. BidaskClub raised shares of CalAmp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. JPMorgan Chase raised shares of CalAmp from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $22.76 to $25.00 in a research note on Thursday, January 25th. ValuEngine raised shares of CalAmp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Roth Capital started coverage on shares of CalAmp in a research note on Friday, February 2nd. They set a “buy” rating and a $28.00 target price for the company. Finally, Craig Hallum cut shares of CalAmp from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Thursday, March 8th.
Shares of CAMP stock traded down $0.42 on Monday, reaching $22.46. 202,456 shares of the company were exchanged, compared to its average volume of 318,172. The stock has a market capitalization of $815.09, a P/E ratio of 25.82 and a beta of 1.72. 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 1 year low of $15.64 and a 1 year high of $25.45.
A number of institutional investors and hedge funds have recently bought and sold shares of CAMP. MetLife Investment Advisors LLC acquired a new position in CalAmp in the 4th quarter valued at about $305,000. Millennium Management LLC boosted its holdings in CalAmp by 58.0% in the 4th quarter. Millennium Management LLC now owns 556,613 shares of the Wireless communications provider’s stock valued at $11,928,000 after purchasing an additional 204,285 shares during the last quarter. Paloma Partners Management Co acquired a new position in CalAmp in the 4th quarter valued at about $292,000. Raymond James & Associates acquired a new position in CalAmp in the 4th quarter valued at about $214,000. Finally, Two Sigma Advisers LP boosted its holdings in CalAmp by 626.8% in the 4th quarter. Two Sigma Advisers LP now owns 89,400 shares of the Wireless communications provider’s stock valued at $1,916,000 after purchasing an additional 77,100 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.
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CalAmp Company Profile
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.
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