Climb Global Solutions (NASDAQ:CLMB) Upgraded by Northcoast Research to “Strong-Buy” Rating

Northcoast Research upgraded shares of Climb Global Solutions (NASDAQ:CLMB) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

CLMB has been the topic of a number of other reports. Wall Street Zen downgraded Climb Global Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barrington Research lowered their price objective on shares of Climb Global Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Zacks Research upgraded shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Northland Securities assumed coverage on shares of Climb Global Solutions in a research report on Monday. They set an “outperform” rating and a $32.00 target price for the company. Finally, Weiss Ratings lowered shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Climb Global Solutions Trading Up 1.9%

Shares of CLMB opened at $20.01 on Monday. Climb Global Solutions has a twelve month low of $18.91 and a twelve month high of $36.26. The firm has a market capitalization of $92.25 million, a P/E ratio of 4.30, a PEG ratio of 1.24 and a beta of 1.18. The firm’s 50-day moving average is $26.55 and its two-hundred day moving average is $28.56.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $193.85 million during the quarter, compared to the consensus estimate of $167.75 million. Climb Global Solutions had a net margin of 3.27% and a return on equity of 21.86%. Analysts predict that Climb Global Solutions will post 4.14 EPS for the current year.

Insider Buying and Selling

In other Climb Global Solutions news, CEO Dale Richard Foster sold 34,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $20.13, for a total value of $684,250.00. Following the sale, the chief executive officer directly owned 294,760 shares of the company’s stock, valued at approximately $5,932,045. This trade represents a 10.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Trading of Climb Global Solutions

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Climb Global Solutions in the third quarter valued at approximately $27,000. Global Retirement Partners LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $36,000. Bard Associates Inc. purchased a new position in shares of Climb Global Solutions in the 4th quarter valued at $55,000. Tower Research Capital LLC TRC raised its stake in shares of Climb Global Solutions by 317.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after acquiring an additional 422 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Climb Global Solutions by 18.2% during the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock valued at $90,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

About Climb Global Solutions

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.