Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.00.
Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Climb Global Solutions in a report on Tuesday, May 5th.
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Climb Global Solutions Price Performance
Shares of NASDAQ CLMB opened at $26.81 on Monday. The firm has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.89. The stock has a market capitalization of $498.67 million, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. Climb Global Solutions has a 52 week low of $15.24 and a 52 week high of $36.26.
Climb Global Solutions (NASDAQ:CLMB – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $174.21 million for the quarter, compared to analyst estimates of $174.07 million. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. As a group, equities research analysts expect that Climb Global Solutions will post 1.32 EPS for the current year.
Climb Global Solutions Company Profile
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 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.
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