CalAmp (CAMP) Earns Coverage Optimism Rating of 0.12

Media headlines about CalAmp (NASDAQ:CAMP) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CalAmp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 46.223652642155 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

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CalAmp stock opened at $22.88 on Monday. CalAmp has a twelve month low of $15.64 and a twelve month high of $25.45. The company has a market cap of $815.09, a PE ratio of 26.30 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.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of CalAmp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. Roth Capital started coverage on shares of CalAmp in a research report on Friday, February 2nd. They set a “buy” rating and a $28.00 target price for the company. Canaccord Genuity increased their target price on shares of CalAmp from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, March 5th. ValuEngine raised shares of CalAmp from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase raised shares of 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 report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $26.44.

In related news, SVP Garo Sarkis Sarkissian sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the senior vice president now directly owns 194,289 shares of the company’s stock, valued at approximately $4,857,225. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Burdiek sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $23.29, for a total transaction of $291,125.00. Following the completion of the transaction, the chief executive officer now directly owns 495,934 shares of the company’s stock, valued at $11,550,302.86. The disclosure for this sale can be found here. Insiders have sold a total of 30,500 shares of company stock valued at $699,645 over the last three months. Insiders own 5.30% of the company’s stock.

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About CalAmp

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.

Insider Buying and Selling by Quarter for CalAmp (NASDAQ:CAMP)

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