Climb Global Solutions, Inc. (NASDAQ:CLMB) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Climb Global Solutions a “Moderate Buy” consensus: Two analysts rate the stock a buy, one a strong buy, and two recommend holding. The average 12-month price target is $31, compared with a recent price of $28.28.
• Institutional interest has increased, with BlackRock, De Lisle Partners, Tieton Capital Management, and Punch & Associates among firms taking new positions; institutional investors now own 49.72% of the company.
• Climb Global Solutions met quarterly expectations, reporting $0.30 in EPS on $174.21 million in revenue. Analysts project full-year EPS of $1.32, while the stock remains below its 52-week high of $36.26.

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.

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

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.

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