Clarus (NASDAQ:CLAR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Clarus from a "sell" to a "hold" and MarketBeat shows a consensus "Hold" rating with an average target price of $4.08 (1 Buy, 2 Hold, 1 Sell among analysts).
• Clarus beat quarterly EPS expectations ($0.09 vs. $0.06) but missed revenue estimates ($65.41M vs. $68.67M) and still reports a negative net margin (~18.6%), with analysts forecasting -0.06 EPS for the fiscal year.
• Shares opened at $2.73 (1‑year range $2.59–$4.03) with a market cap of about $104.8M, and institutional investors own roughly 90.30% of the stock.

Clarus (NASDAQ:CLAR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a "sell (d)" rating on shares of Clarus in a research report on Monday, December 29th. Stifel Nicolaus cut their price objective on Clarus from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Lake Street Capital cut their price objective on Clarus from $3.50 to $3.00 and set a "hold" rating for the company in a research report on Friday, March 6th. Finally, Roth Mkm cut their price objective on Clarus from $3.50 to $3.25 and set a "neutral" rating for the company in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.08.

Clarus Price Performance

Shares of Clarus stock opened at $2.73 on Friday. Clarus has a 1 year low of $2.59 and a 1 year high of $4.03. The company has a market capitalization of $104.84 million, a P/E ratio of -2.26 and a beta of 1.15. The business has a 50 day moving average price of $3.06 and a 200 day moving average price of $3.32.

Clarus (NASDAQ:CLAR - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Clarus had a negative return on equity of 0.82% and a negative net margin of 18.59%.The firm had revenue of $65.41 million during the quarter, compared to the consensus estimate of $68.67 million. As a group, research analysts expect that Clarus will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Parthenon LLC raised its holdings in Clarus by 64.4% in the 3rd quarter. Parthenon LLC now owns 720,240 shares of the company's stock valued at $2,521,000 after acquiring an additional 282,103 shares during the last quarter. Virtu Financial LLC acquired a new position in Clarus in the 4th quarter valued at $62,000. Quadrature Capital Ltd acquired a new position in Clarus in the 4th quarter valued at $56,000. Verition Fund Management LLC acquired a new position in Clarus in the 3rd quarter valued at $50,000. Finally, Abel Hall LLC acquired a new position in Clarus in the 4th quarter valued at $39,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Company Profile

Clarus Corporation NASDAQ: CLAR is a global designer, manufacturer and marketer of outdoor recreation equipment. The company's portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company's flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.

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