Climb Global Solutions, Inc. (NASDAQ:CLMB) Given Consensus Rating of “Moderate Buy” by Analysts

Climb Global Solutions, Inc. (NASDAQ:CLMBGet Free Report) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.00.

A number of equities research analysts have issued reports on CLMB shares. Weiss Ratings upgraded Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st.

Get Our Latest Analysis on Climb Global Solutions

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Aptus Capital Advisors LLC increased its stake in Climb Global Solutions by 0.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 48,123 shares of the company’s stock worth $4,947,000 after acquiring an additional 207 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Climb Global Solutions in the 4th quarter worth about $55,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Climb Global Solutions by 31,866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 959 shares of the company’s stock worth $99,000 after buying an additional 956 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter valued at about $32,000. Finally, IFP Advisors Inc lifted its holdings in shares of Climb Global Solutions by 47.0% in the 2nd quarter. IFP Advisors Inc now owns 4,614 shares of the company’s stock valued at $107,000 after acquiring an additional 1,476 shares during the last quarter. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Trading Up 2.4%

Shares of NASDAQ CLMB opened at $28.56 on Tuesday. Climb Global Solutions has a 12-month low of $15.24 and a 12-month high of $36.26. The firm has a market capitalization of $532.93 million, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The firm has a 50 day moving average of $27.47 and a 200 day moving average of $23.67.

Climb Global Solutions (NASDAQ:CLMBGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%.The firm had revenue of $174.21 million for the quarter, compared to analysts’ expectations of $174.07 million. Sell-side analysts predict that Climb Global Solutions will post 1.32 EPS for the current year.

Climb Global Solutions Company Profile

(Get Free Report)

Climb Global Solutions, Inc is a technology-focused value-added distributor and solutions provider that connects software publishers, cloud service providers and other technology vendors with resellers and business customers. The company offers access to products and services across areas such as cybersecurity, cloud computing, data management, networking, infrastructure and information technology management.

Through its distribution operations, Climb helps channel partners source, market and deploy technology solutions.

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Analyst Recommendations for Climb Global Solutions (NASDAQ:CLMB)

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