BidaskClub downgraded shares of CalAmp Corp. (NASDAQ:CAMP) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other equities analysts also recently weighed in on CAMP. B. Riley reiterated a buy rating and issued a $22.00 target price on shares of CalAmp Corp. in a research note on Monday, April 17th. Zacks Investment Research downgraded shares of CalAmp Corp. from a hold rating to a sell rating in a research note on Thursday, April 20th. Benchmark Co. started coverage on shares of CalAmp Corp. in a research note on Tuesday, April 25th. They issued a buy rating and a $23.00 target price for the company. Northland Securities reiterated a buy rating and issued a $20.00 target price on shares of CalAmp Corp. in a research note on Monday, June 26th. Finally, Craig Hallum lifted their target price on shares of CalAmp Corp. from $19.00 to $23.00 and gave the stock a buy rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $20.88.

CalAmp Corp. (NASDAQ:CAMP) opened at 18.97 on Friday. The firm’s market cap is $671.46 million. The firm’s 50 day moving average is $19.55 and its 200-day moving average is $17.61. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $88.10 million during the quarter, compared to the consensus estimate of $86.85 million. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities analysts forecast that CalAmp Corp. will post $1.17 EPS for the current year.

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In related news, CEO Michael J. Burdiek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief executive officer now owns 479,093 shares of the company’s stock, valued at $9,581,860. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $18.83, for a total transaction of $282,450.00. Following the transaction, the senior vice president now directly owns 200,680 shares of the company’s stock, valued at approximately $3,778,804.40. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of CalAmp Corp. by 10.1% in the fourth quarter. State Street Corp now owns 815,754 shares of the Wireless communications provider’s stock valued at $11,830,000 after buying an additional 75,118 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CalAmp Corp. by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,497,513 shares of the Wireless communications provider’s stock valued at $21,714,000 after buying an additional 111,643 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of CalAmp Corp. by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 27,306 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 1,039 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of CalAmp Corp. during the fourth quarter valued at approximately $185,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of CalAmp Corp. by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,810 shares of the Wireless communications provider’s stock valued at $287,000 after buying an additional 1,420 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

About CalAmp Corp.

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.

Analyst Recommendations for CalAmp Corp. (NASDAQ:CAMP)

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