ClearOne, Inc. (CLRO) Given $8.50 Consensus Target Price by Brokerages
ClearOne, Inc. (NASDAQ:CLRO) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $8.50 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given ClearOne an industry rank of 84 out of 265 based on the ratings given to its competitors.
CLRO has been the subject of a number of research reports. B. Riley restated a “buy” rating and issued a $9.75 target price on shares of ClearOne in a research note on Thursday, August 10th. ValuEngine upgraded ClearOne from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, TheStreet downgraded ClearOne from a “c-” rating to a “d+” rating in a research note on Friday, November 10th.
Shares of ClearOne (CLRO) remained flat at $$7.05 during mid-day trading on Monday. 900 shares of the company were exchanged, compared to its average volume of 9,833. ClearOne has a one year low of $6.70 and a one year high of $12.60. The company has a market capitalization of $59.32, a price-to-earnings ratio of 235.00 and a beta of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.28 annualized dividend and a dividend yield of 3.97%. ClearOne’s dividend payout ratio is presently -20.74%.
In other ClearOne news, major shareholder Edward D. Bagley acquired 20,664 shares of ClearOne stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of $7.52 per share, for a total transaction of $155,393.28. Following the completion of the transaction, the insider now owns 1,962,260 shares in the company, valued at approximately $14,756,195.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder E Bryan Bagley acquired 45,448 shares of ClearOne stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $6.79 per share, with a total value of $308,591.92. Following the completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at approximately $262,107.58. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 120,308 shares of company stock valued at $874,209. Insiders own 9.45% of the company’s stock.
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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