Climb Global Solutions (NASDAQ:CLMB) Receives Outperform Rating from Barrington Research

Climb Global Solutions (NASDAQ:CLMB - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $136.00 target price on the stock. Barrington Research's target price points to a potential upside of 4.90% from the company's previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen upgraded Climb Global Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Climb Global Solutions in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Climb Global Solutions currently has an average rating of "Buy" and an average price target of $136.00.

Climb Global Solutions Stock Down 0.2%

NASDAQ:CLMB opened at $129.65 on Thursday. The business's 50-day moving average price is $130.01 and its 200 day moving average price is $114.59. The firm has a market cap of $598.98 million, a P/E ratio of 26.90, a PEG ratio of 2.11 and a beta of 1.00. Climb Global Solutions has a 52-week low of $88.90 and a 52-week high of $145.02.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.49. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%.The business had revenue of $159.28 million during the quarter, compared to analyst estimates of $113.25 million. Sell-side analysts expect that Climb Global Solutions will post 4.14 EPS for the current year.

Hedge Funds Weigh In On Climb Global Solutions

A number of hedge funds have recently added to or reduced their stakes in CLMB. Hilltop National Bank bought a new position in shares of Climb Global Solutions in the 2nd quarter valued at approximately $35,000. IFP Advisors Inc grew its holdings in shares of Climb Global Solutions by 183.3% during the 2nd quarter. IFP Advisors Inc now owns 544 shares of the company's stock worth $58,000 after purchasing an additional 352 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company's stock worth $59,000 after purchasing an additional 422 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Climb Global Solutions during the 1st quarter worth approximately $60,000. Finally, AlphaQuest LLC acquired a new stake in shares of Climb Global Solutions during the 1st quarter worth approximately $78,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Company Profile

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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