NASDAQ:CLMB Climb Global Solutions (CLMB) Stock Forecast, Price & News $43.02 +0.10 (+0.23%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$42.55▼$43.2150-Day Range$38.32▼$50.3552-Week Range$26.01▼$55.70Volume10,055 shsAverage Volume27,876 shsMarket Capitalization$196.60 millionP/E Ratio16.48Dividend Yield1.58%Price Target$48.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Climb Global Solutions MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.8% Upside$48.00 Price TargetShort InterestHealthy2.23% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.21Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth11.95%From $2.93 to $3.28 Per ShareSee Full Details Hide Full Details 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 starsBusiness Services Sector88th out of 317 stocksComputers, Peripherals, & Software Industry4th out of 5 stocks 2.5 Analyst's Opinion Consensus RatingClimb 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/DownsideAccording 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 CoverageClimb Global Solutions has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.23% of the float of Climb Global Solutions has been sold short.Short Interest Ratio / Days to CoverClimb 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 monthShort interest in Climb Global Solutions has recently decreased by 7.12%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldClimb Global Solutions pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthClimb Global Solutions does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Climb Global Solutions is 26.05%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CLMB. Previous Next 3.4 News and Social Media Coverage News SentimentClimb 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 WeekMarketBeat has tracked 3 news articles for Climb Global Solutions this week, compared to 1 article on an average week.Search Interest4 people have searched for CLMB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Climb Global Solutions insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.70% of the stock of Climb Global Solutions is held by insiders.Percentage Held by Institutions43.20% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioClimb 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 RatioClimb 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. Previous Next See Top Rated MarketRank™ Stocks Here About Climb Global Solutions (NASDAQ:CLMB) StockClimb 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.Read More CLMB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CLMB Stock News HeadlinesSeptember 20, 2023 | finance.yahoo.comShould You Investigate Climb Global Solutions, Inc. (NASDAQ:CLMB) At US$40.92?September 13, 2023 | finance.yahoo.comClimb Channel Solutions Launches Partnership with GigaIO to Support Data Center Connectivity in the ChannelSeptember 27, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 29, 2023 | finance.yahoo.comClimb Channel Solutions Collaborates with Datadobi to Introduce Groundbreaking StorageMAP File System Assessment ServiceAugust 16, 2023 | finance.yahoo.comClimb Global Solutions to Participate at the H.C. Wainwright Global Investment Conference on September 11August 15, 2023 | finance.yahoo.comClimb Channel Solutions and OffSec Join Forces in an Exclusive Partnership to Expand Cybersecurity TrainingAugust 8, 2023 | benzinga.comClimb Global Solutions: Dividend InsightsAugust 8, 2023 | finance.yahoo.comSmartBear Approved on Climb Channel Solutions’ OMNIA Partners/NCPA ContractSeptember 27, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 6, 2023 | finance.yahoo.comThere's A Lot To Like About Climb Global Solutions' (NASDAQ:CLMB) Upcoming US$0.17 DividendAugust 3, 2023 | finance.yahoo.comQ2 2023 Climb Global Solutions Inc Earnings CallAugust 3, 2023 | msn.comClimb Global Solutions Non-GAAP EPS of $0.72 beats by $0.27, revenue of $81.7M misses by $4.18MAugust 2, 2023 | washingtonpost.comClimb Global: Q2 Earnings SnapshotAugust 2, 2023 | finance.yahoo.comClimb Global Solutions Reports Second Quarter 2023 ResultsAugust 2, 2023 | finance.yahoo.comClimb Global Solutions (CLMB) Q2 Earnings Beat EstimatesJuly 21, 2023 | seekingalpha.comClimb Global Solutions: I Believe Stock Should Climb HigherJuly 13, 2023 | finance.yahoo.comClimb Global Solutions Sets Second Quarter 2023 Conference Call for August 3, 2023 at 8:30 a.m. ETJuly 9, 2023 | finance.yahoo.comOwning 48% shares,institutional owners seem interested in Climb Global Solutions, Inc. (NASDAQ:CLMB),June 5, 2023 | finance.yahoo.comDeclining Stock and Solid Fundamentals: Is The Market Wrong About Climb Global Solutions, Inc. (NASDAQ:CLMB)?May 24, 2023 | finance.yahoo.comClimb Channel Solutions’ CEO – Dale Foster – Named 2023 Entrepreneur Of The Year® New Jersey FinalistMay 23, 2023 | finance.yahoo.comClimb Global Solutions Signs New $50.0 Million Credit Facility with JPMorgan ChaseMay 22, 2023 | msn.comClimb Global set to join Russell 3000 IndexMay 22, 2023 | finance.yahoo.comClimb Global Solutions Set to join Russell 3000® IndexMay 21, 2023 | finance.yahoo.comInvesting in Climb Global Solutions (NASDAQ:CLMB) five years ago would have delivered you a 322% gainMay 17, 2023 | finance.yahoo.comCRN’s 2023 Women of the Channel Honors Six Outstanding Employees of Climb Channel SolutionsMay 7, 2023 | finance.yahoo.comClimb Global Solutions, Inc. (NASDAQ:CLMB) Stock Goes Ex-Dividend In Just Four DaysMay 6, 2023 | finance.yahoo.comClimb Global Solutions, Inc. Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting NextSee More Headlines Receive CLMB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Climb Global Solutions and its competitors with MarketBeat's FREE daily newsletter. Email Address CLMB Company Calendar Last Earnings8/02/2023Ex-Dividend for 8/18 Dividend8/11/2023Dividend Payable8/18/2023Today9/27/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computers, peripherals, & software Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CLMB CUSIPN/A CIK945983 Webwww.waysidetechnology.com Phone(732) 389-0932Fax732-389-1207Employees284Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$2.61 Trailing P/E Ratio16.45 Forward P/E Ratio14.65 P/E Growth1.23Net Income$12.50 million Net Margins3.52% Pretax Margin4.70% Return on Equity22.69% Return on Assets6.10% Debt Debt-to-Equity Ratio0.02 Current Ratio1.17 Quick Ratio1.15 Sales & Book Value Annual Sales$304.35 million Price / Sales0.64 Cash Flow$3.46 per share Price / Cash Flow12.42 Book Value$13.53 per share Price / Book3.17Miscellaneous Outstanding Shares4,570,000Free Float4,126,000Market Cap$196.19 million OptionableNot Optionable Beta0.94 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Dale Richard Foster (Age 59)CEO & Director Comp: $760.93kMr. Andrew E. Clark CPA (Age 61)VP & CFO Comp: $546.62kMr. Vito Legrottaglie (Age 59)VP of Operations & Chief Information Officer Comp: $469.38kMr. Charles Edward Bass (Age 58)VP & Chief Marketing Officer Comp: $494.21kMr. Timothy PopovichCOO & PresMr. Matthew Sullivan (Age 35)Chief Accounting Officer Mr. Gerard BrophyManaging DirectorMore ExecutivesKey CompetitorsBlade Air MobilityNASDAQ:BLDELuna InnovationsNASDAQ:LUNATiga AcquisitionNYSE:TINVEverspin TechnologiesNASDAQ:MRAMWM TechnologyNASDAQ:MAPSView All CompetitorsInsiders & InstitutionsBarclays PLCBought 3,803 shares on 9/21/2023Ownership: 0.083%Osaic Holdings Inc.Sold 389 shares on 8/21/2023Ownership: 0.071%California State Teachers Retirement SystemBought 1,383 shares on 8/21/2023Ownership: 0.030%Royal Bank of CanadaBought 288 shares on 8/15/2023Ownership: 0.287%Wells Fargo & Company MNBought 1,682 shares on 8/15/2023Ownership: 0.037%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Climb Global Solutions, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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