CalAmp Corp. (NASDAQ:CAMP)’s share price shot up 4.9% on Monday . The stock traded as high as $15.07 and last traded at $14.90, with a volume of 372,762 shares trading hands. The stock had previously closed at $14.20.

Several brokerages have weighed in on CAMP. B. Riley restated a “buy” rating and set a $29.00 price objective on shares of CalAmp Corp. in a research note on Sunday, July 3rd. Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of CalAmp Corp. in a research note on Wednesday, June 29th. Craig Hallum restated a “buy” rating and set a $20.00 price objective (down from $21.00) on shares of CalAmp Corp. in a research note on Wednesday, June 29th. Zacks Investment Research upgraded CalAmp Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Sidoti upgraded CalAmp Corp. from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, May 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.13.

The firm has a market cap of $561.13 million and a P/E ratio of 54.80. The company has a 50 day moving average price of $14.36 and a 200-day moving average price of $16.00.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Tuesday, June 28th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.09. During the same quarter in the previous year, the business earned $0.26 earnings per share. The business had revenue of $91.10 million for the quarter. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, equities analysts predict that CalAmp Corp. will post $1.24 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of CAMP. Stephens Investment Management Group LLC boosted its stake in shares of CalAmp Corp. by 45.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 671,105 shares of the company’s stock valued at $13,375,000 after buying an additional 210,400 shares during the last quarter. Morgan Stanley boosted its stake in shares of CalAmp Corp. by 1.9% in the fourth quarter. Morgan Stanley now owns 438,392 shares of the company’s stock valued at $8,738,000 after buying an additional 8,230 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of CalAmp Corp. by 14.1% in the fourth quarter. California Public Employees Retirement System now owns 228,700 shares of the company’s stock valued at $4,558,000 after buying an additional 28,300 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.