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.

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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.

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