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

Key Points

• Analysts give Climb Global Solutions a “Moderate Buy” consensus across five ratings, with two buys, one strong buy and two holds. The average 12-month price target is $31.00, above the reported opening price of $28.33.
• CLMB shares recently traded up 3.0%, while the company’s latest quarterly results met expectations: adjusted EPS was $0.30 and revenue reached $174.21 million versus a $174.07 million estimate.
• Institutional investors own nearly 49.72% of the company’s stock, with several funds recently initiating or increasing positions.

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.00.

Several research firms recently commented on CLMB. Weiss Ratings raised shares of Climb Global Solutions from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Climb Global Solutions from a "sell" rating to a "hold" rating in a report on Saturday, August 1st.

Climb Global Solutions Trading Up 3.0%

Shares of CLMB stock opened at $28.33 on Tuesday. Climb Global Solutions has a 12 month low of $15.24 and a 12 month high of $36.26. The stock has a market cap of $528.64 million, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company's fifty day moving average price is $27.19 and its 200-day moving average price is $23.48.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. The company had revenue of $174.21 million during the quarter, compared to analyst estimates of $174.07 million. On average, sell-side analysts forecast that Climb Global Solutions will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in Climb Global Solutions during the second quarter valued at $32,000. Bard Associates Inc. purchased a new stake in shares of Climb Global Solutions in the fourth quarter worth $55,000. Peterson Wealth Services grew its stake in shares of Climb Global Solutions by 3,267.0% in the first quarter. Peterson Wealth Services now owns 3,569 shares of the company's stock worth $71,000 after acquiring an additional 3,463 shares during the last quarter. State of Wyoming bought a new position in shares of Climb Global Solutions during the second quarter valued at $97,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Climb Global Solutions by 31,866.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 959 shares of the company's stock valued at $99,000 after acquiring an additional 956 shares in the last quarter. Institutional investors own 49.72% of the company's stock.

About Climb Global Solutions

Climb Global Solutions, Inc is a technology-focused value-added distributor and solutions provider that connects software publishers, cloud service providers and other technology vendors with resellers and business customers. The company offers access to products and services across areas such as cybersecurity, cloud computing, data management, networking, infrastructure and information technology management.

Through its distribution operations, Climb helps channel partners source, market and deploy technology solutions.

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