Clarus (NASDAQ:CLAR) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Clarus (NASDAQ:CLAR – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other analysts have also recently issued reports on the company. Zacks Research cut Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. B. Riley Financial raised their target price on shares of Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a research report on Monday, August 31st. Finally, Roth Capital upped their price target on shares of Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.06.

View Our Latest Research Report on Clarus

Clarus Price Performance

Shares of CLAR stock opened at $3.75 on Friday. The company’s fifty day simple moving average is $3.47 and its two-hundred day simple moving average is $3.11. Clarus has a 52 week low of $2.53 and a 52 week high of $4.03. The stock has a market cap of $144.15 million, a P/E ratio of -4.57 and a beta of 1.08.

Clarus (NASDAQ:CLAR – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.25. The firm had revenue of $56.16 million during the quarter, compared to analyst estimates of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. On average, analysts anticipate that Clarus will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Clarus

Large investors have recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new stake in Clarus during the 2nd quarter valued at $33,000. Abel Hall LLC purchased a new position in Clarus during the fourth quarter worth $39,000. Verition Fund Management LLC purchased a new position in Clarus during the third quarter worth $50,000. Quadrature Capital Ltd purchased a new position in Clarus during the fourth quarter worth $56,000. Finally, Virtu Financial LLC bought a new position in Clarus during the fourth quarter valued at $62,000. Institutional investors own 90.30% of the company’s stock.

About Clarus

(Get Free Report)

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.

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