ClearOne, Inc. (CLRO) Downgraded by TheStreet to “D+”

TheStreet cut shares of ClearOne, Inc. (NASDAQ:CLRO) from a c- rating to a d+ rating in a research note published on Friday.

A number of other equities research analysts have also weighed in on the stock. B. Riley reissued a buy rating and set a $9.75 target price on shares of ClearOne in a report on Tuesday, August 15th. ValuEngine raised shares of ClearOne from a sell rating to a hold rating in a report on Friday, September 1st.

ClearOne (CLRO) traded up $0.10 during mid-day trading on Friday, reaching $6.80. 8,600 shares of the company were exchanged, compared to its average volume of 9,972. The firm has a market cap of $56.50, a PE ratio of 223.33 and a beta of 1.36. ClearOne has a twelve month low of $6.70 and a twelve month high of $12.60.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, November 21st. ClearOne’s payout ratio is -20.74%.

In other ClearOne news, major shareholder E Bryan Bagley bought 45,448 shares of ClearOne stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $6.79 per share, with a total value of $308,591.92. Following the acquisition, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $262,107.58. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward D. Bagley bought 19,604 shares of ClearOne stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $7.65 per share, for a total transaction of $149,970.60. Following the completion of the acquisition, the insider now directly owns 1,885,816 shares in the company, valued at $14,426,492.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 194,912 shares of company stock worth $1,444,630 over the last three months. Insiders own 9.45% of the company’s stock.

About ClearOne

ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.

Receive News & Ratings for ClearOne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearOne Inc. and related companies with's FREE daily email newsletter.

Leave a Reply