In a report released today, Jerry Revich from Goldman Sachs maintained a Sell rating on Calamp (CAMP – Research Report). The company’s shares closed today at $2.54.
Revich covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Primoris Services, and Agco. According to TipRanks, Revich has an average return of 11.6% and a 56.62% success rate on recommended stocks.
Currently, the analyst consensus on Calamp is a Hold with an average price target of $4.00.
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CAMP market cap is currently $87.62M and has a P/E ratio of -2.53.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAMP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CalAmp Corp. is a provider of Internet of Things (IoT) enablement solutions for a broad array of mobile and fixed applications serving multiple vertical markets worldwide. It offer solutions for mobile resource management and applications for the broader IoT market, enabling customers to optimize their operations by collecting, monitoring and efficiently reporting business-critical data and desired intelligence from high-value remote and often mobile assets. The company segments include Telematics System and Software and Subscription Services. CalAmp was founded in 1981 and is headquartered in Irvine, CA.
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