Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.00.
A number of analysts have recently issued reports on the company. Barrington Research reiterated an "outperform" rating and set a $30.00 price target on shares of Climb Global Solutions in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Climb Global Solutions from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Climb Global Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st.
View Our Latest Analysis on Climb Global Solutions
Institutional Investors Weigh In On Climb Global Solutions
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Climb Global Solutions during the 2nd quarter valued at $30,777,000. De Lisle Partners LLP bought a new position in shares of Climb Global Solutions during the second quarter valued at about $20,552,000. Wasatch Advisors LP increased its holdings in shares of Climb Global Solutions by 13.8% in the second quarter. Wasatch Advisors LP now owns 691,360 shares of the company's stock worth $16,046,000 after buying an additional 83,680 shares during the period. Tieton Capital Management LLC purchased a new position in shares of Climb Global Solutions in the second quarter worth about $15,948,000. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Climb Global Solutions in the 2nd quarter valued at about $12,810,000. 49.72% of the stock is currently owned by institutional investors.
Climb Global Solutions Stock Performance
Shares of Climb Global Solutions stock opened at $28.28 on Friday. The stock has a market capitalization of $527.70 million, a P/E ratio of 25.36, a P/E/G ratio of 1.79 and a beta of 1.07. Climb Global Solutions has a 52-week low of $15.24 and a 52-week high of $36.26. The stock's 50-day simple moving average is $25.43 and its 200 day simple moving average is $23.63.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The firm had revenue of $174.21 million during the quarter, compared to analyst estimates of $174.07 million. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. Equities research analysts forecast that Climb Global Solutions will post 1.32 EPS for the current fiscal year.
About Climb Global Solutions
(
Get Free Report)
Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Climb Global Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Climb Global Solutions wasn't on the list.
While Climb Global Solutions currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
