NASDAQ:CLMB

Climb Global Solutions (CLMB) Stock Forecast, Price & News

$43.02

+0.10 (+0.23%)

(As of 04:00 PM ET)

Compare

Today's Range: $42.55
▼
$43.21
50-Day Range: $38.32
▼
$50.35
52-Week Range: $26.01
▼
$55.70

Volume: 10,055 shs
Average Volume: 27,876 shs
Market Capitalization: $196.60 million

P/E Ratio: 16.48
Dividend Yield: 1.58%
Price Target: $48.00

Climb Global Solutions MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 11.8% Upside
$48.00 Price Target
Short Interest: Healthy
2.23% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.21
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.95%
From $2.93 to $3.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Business Services Sector

88th out of 317 stocks

Computers, Peripherals, & Software Industry

4th out of 5 stocks

2.5

Analyst's Opinion

Consensus Rating
Climb Global Solutions has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.00, Climb Global Solutions has a forecasted upside of 11.8% from its current price of $42.93.
Amount of Analyst Coverage
Climb Global Solutions has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.23% of the float of Climb Global Solutions has been sold short.
Short Interest Ratio / Days to Cover
Climb Global Solutions has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Climb Global Solutions has recently decreased by 7.12%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Climb Global Solutions pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Climb Global Solutions does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Climb Global Solutions is 26.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Climb Global Solutions will have a dividend payout ratio of 20.73% next year. This indicates that Climb Global Solutions will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLMB.

3.4

News and Social Media Coverage

News Sentiment
Climb Global Solutions has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Climb Global Solutions this week, compared to 1 article on an average week.
Search Interest
4 people have searched for CLMB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Climb Global Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.70% of the stock of Climb Global Solutions is held by insiders.
Percentage Held by Institutions
43.20% of the stock of Climb Global Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Climb Global Solutions are expected to grow by 11.95% in the coming year, from $2.93 to $3.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Climb Global Solutions is 16.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Climb Global Solutions is 16.45, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 32.88.
Price to Earnings Growth Ratio
Climb Global Solutions has a PEG Ratio of 1.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Climb Global Solutions has a P/B Ratio of 3.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Climb Global Solutions (NASDAQ:CLMB) Stock

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 and hardware 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. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. It markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions Inc. in October 2022. Climb Global Solutions Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.

CLMB Price History

30 days | 90 days | 365 days | Advanced Chart

CLMB Stock News Headlines

September 20, 2023 | finance.yahoo.com

Should You Investigate Climb Global Solutions, Inc. (NASDAQ:CLMB) At US$40.92?

September 13, 2023 | finance.yahoo.com

Climb Channel Solutions Launches Partnership with GigaIO to Support Data Center Connectivity in the Channel

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

August 29, 2023 | finance.yahoo.com

Climb Channel Solutions Collaborates with Datadobi to Introduce Groundbreaking StorageMAP File System Assessment Service

August 16, 2023 | finance.yahoo.com

Climb Global Solutions to Participate at the H.C. Wainwright Global Investment Conference on September 11

August 15, 2023 | finance.yahoo.com

Climb Channel Solutions and OffSec Join Forces in an Exclusive Partnership to Expand Cybersecurity Training

August 8, 2023 | benzinga.com

Climb Global Solutions: Dividend Insights

August 8, 2023 | finance.yahoo.com

SmartBear Approved on Climb Channel Solutions’ OMNIA Partners/NCPA Contract

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

August 6, 2023 | finance.yahoo.com

There's A Lot To Like About Climb Global Solutions' (NASDAQ:CLMB) Upcoming US$0.17 Dividend

August 3, 2023 | finance.yahoo.com

Q2 2023 Climb Global Solutions Inc Earnings Call

August 3, 2023 | msn.com

Climb Global Solutions Non-GAAP EPS of $0.72 beats by $0.27, revenue of $81.7M misses by $4.18M

August 2, 2023 | washingtonpost.com

Climb Global: Q2 Earnings Snapshot

August 2, 2023 | finance.yahoo.com

Climb Global Solutions Reports Second Quarter 2023 Results

August 2, 2023 | finance.yahoo.com

Climb Global Solutions (CLMB) Q2 Earnings Beat Estimates

July 21, 2023 | seekingalpha.com

Climb Global Solutions: I Believe Stock Should Climb Higher

July 13, 2023 | finance.yahoo.com

Climb Global Solutions Sets Second Quarter 2023 Conference Call for August 3, 2023 at 8:30 a.m. ET

July 9, 2023 | finance.yahoo.com

Owning 48% shares,institutional owners seem interested in Climb Global Solutions, Inc. (NASDAQ:CLMB),

June 5, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Climb Global Solutions, Inc. (NASDAQ:CLMB)?

May 24, 2023 | finance.yahoo.com

Climb Channel Solutions’ CEO – Dale Foster – Named 2023 Entrepreneur Of The Year® New Jersey Finalist

May 23, 2023 | finance.yahoo.com

Climb Global Solutions Signs New $50.0 Million Credit Facility with JPMorgan Chase

May 22, 2023 | msn.com

Climb Global set to join Russell 3000 Index

May 22, 2023 | finance.yahoo.com

Climb Global Solutions Set to join Russell 3000® Index

May 21, 2023 | finance.yahoo.com

Investing in Climb Global Solutions (NASDAQ:CLMB) five years ago would have delivered you a 322% gain

May 17, 2023 | finance.yahoo.com

CRN’s 2023 Women of the Channel Honors Six Outstanding Employees of Climb Channel Solutions

May 7, 2023 | finance.yahoo.com

Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock Goes Ex-Dividend In Just Four Days

May 6, 2023 | finance.yahoo.com

Climb Global Solutions, Inc. Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next

See More Headlines

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CLMB Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 8/18 Dividend: 8/11/2023
Dividend Payable: 8/18/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computers, peripherals, & software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:CLMB
CUSIP: N/A
CIK: 945983
Web: www.waysidetechnology.com
Phone: (732) 389-0932
Fax: 732-389-1207
Employees: 284
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $48.00
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +11.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.61
Trailing P/E Ratio: 16.45
Forward P/E Ratio: 14.65
P/E Growth: 1.23
Net Income: $12.50 million
Net Margins: 3.52%
Pretax Margin: 4.70%
Return on Equity: 22.69%
Return on Assets: 6.10%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.17
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $304.35 million
Price / Sales: 0.64
Cash Flow: $3.46 per share
Price / Cash Flow: 12.42
Book Value: $13.53 per share
Price / Book: 3.17

Miscellaneous

Outstanding Shares: 4,570,000
Free Float: 4,126,000
Market Cap: $196.19 million
Optionable: Not Optionable
Beta: 0.94

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Key Executives

Mr. Dale Richard Foster (Age 59)
CEO & Director
Comp: $760.93k

Mr. Andrew E. Clark CPA (Age 61)
VP & CFO
Comp: $546.62k

Mr. Vito Legrottaglie (Age 59)
VP of Operations & Chief Information Officer
Comp: $469.38k

Mr. Charles Edward Bass (Age 58)
VP & Chief Marketing Officer
Comp: $494.21k

Mr. Timothy Popovich
COO & Pres

Mr. Matthew Sullivan (Age 35)
Chief Accounting Officer

Mr. Gerard Brophy
Managing Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLMB Stock - Frequently Asked Questions

Should I buy or sell Climb Global Solutions stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Climb Global Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLMB shares.
View CLMB analyst ratings or view top-rated stocks.
What is Climb Global Solutions' stock price forecast for 2023?: 1 Wall Street research analysts have issued twelve-month price targets for Climb Global Solutions' shares. Their CLMB share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for CLMB or view top-rated stocks among Wall Street analysts.
How have CLMB shares performed in 2023?: Climb Global Solutions' stock was trading at $31.53 on January 1st, 2023. Since then, CLMB stock has increased by 36.2% and is now trading at $42.93.
View the best growth stocks for 2023 here.
Are investors shorting Climb Global Solutions?: Climb Global Solutions saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 84,800 shares, a decrease of 7.1% from the August 31st total of 91,300 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the company are sold short.
View Climb Global Solutions' Short Interest.
When is Climb Global Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CLMB earnings forecast.
How were Climb Global Solutions' earnings last quarter?: Climb Global Solutions, Inc. (NASDAQ:CLMB) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.27. The firm earned $81.73 million during the quarter, compared to the consensus estimate of $85.88 million. Climb Global Solutions had a trailing twelve-month return on equity of 22.69% and a net margin of 3.52%.
How often does Climb Global Solutions pay dividends? What is the dividend yield for Climb Global Solutions?: Climb Global Solutions announced a quarterly dividend on Tuesday, August 1st. Investors of record on Monday, August 14th will be paid a dividend of $0.17 per share on Friday, August 18th. This represents a $0.68 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for CLMB.
What ETF holds Climb Global Solutions' stock ?: Ballast Small/Mid Cap ETF holds 49,500 shares of CLMB stock, representing 2.76% of its portfolio.

Is Climb Global Solutions a good dividend stock?: Climb Global Solutions (NASDAQ:CLMB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.57%. The dividend payout ratio is 26.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLMB will have a dividend payout ratio of 20.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLMB.
What is Climb Global Solutions' stock symbol?: Climb Global Solutions trades on the NASDAQ under the ticker symbol "CLMB."
Who are Climb Global Solutions' major shareholders?: Climb Global Solutions' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.10%), Renaissance Technologies LLC (5.05%), Dimensional Fund Advisors LP (3.57%), Cove Street Capital LLC (3.25%), Geode Capital Management LLC (1.73%) and Northern Trust Corp (1.08%). Insiders that own company stock include Andrew E Clark, Andrew S Bryant, Jeffrey Richart Geygan and John R Mccarthy.
View institutional ownership trends.
How do I buy shares of Climb Global Solutions?: Shares of CLMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Climb Global Solutions' stock price today?: One share of CLMB stock can currently be purchased for approximately $42.93.
How much money does Climb Global Solutions make?: Climb Global Solutions (NASDAQ:CLMB) has a market capitalization of $196.19 million and generates $304.35 million in revenue each year. The company earns $12.50 million in net income (profit) each year or $2.61 on an earnings per share basis.
How many employees does Climb Global Solutions have?: The company employs 284 workers across the globe.
How can I contact Climb Global Solutions?: The official website for the company is www.waysidetechnology.com. The company can be reached via phone at (732) 389-0932, via email at investors@waysidetechnology.com, or via fax at 732-389-1207.

This page (NASDAQ:CLMB) was last updated on 9/27/2023 by MarketBeat.com Staff

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