Northland Securities analyst Michael Latimore maintained a Buy rating on Calamp Crop (CAMP) today and set a price target of $20. The company’s shares closed yesterday at $10.40, close to its 52-week low of $9.95.
Latimore observed:
“We view the SaaS business as having about 10% pro forma organic growth and 15% + EBITDA margins, or a Rule of 40 metric of 25+.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 12.0% and a 55.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Calamp Crop has an analyst consensus of Moderate Buy, with a price target consensus of $16.25.
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The company has a one-year high of $24.52 and a one-year low of $9.95. Currently, Calamp Crop has an average volume of 307.8K.
Based on the recent corporate insider activity of 14 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. Last month, Michael Burdiek, the President & CEO of CAMP bought 20,000 shares for a total of $64,400.
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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.
