ClearOne Incoprorated (NASDAQ:CLRO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “ClearOne, Inc. operates as a provider of audio visual communications. The Company design, develop and sell conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. Its product include video conferencing, professional audio, unified communication, digital signage, microphones, enterprise streaming, residential streaming and media carts. ClearOne, Inc., formerly known as ClearOne Communications, Inc., is based in Salt Lake City, Utah. “

Other equities research analysts have also recently issued research reports about the company. B. Riley reissued a “buy” rating and issued a $8.50 price target on shares of ClearOne Incoprorated in a research note on Thursday, November 9th. TheStreet cut ClearOne Incoprorated from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. Finally, ValuEngine raised ClearOne Incoprorated from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

ClearOne Incoprorated (CLRO) traded down $0.06 during trading on Monday, reaching $8.45. The company’s stock had a trading volume of 500 shares, compared to its average volume of 2,700. The company has a market capitalization of $71.10, a P/E ratio of -6.21 and a beta of 1.31. ClearOne Incoprorated has a 1 year low of $6.70 and a 1 year high of $12.60.

In related news, major shareholder E Bryan Bagley purchased 45,448 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $6.79 per share, with a total value of $308,591.92. Following the completion of the purchase, the insider now owns 38,602 shares in the company, valued at approximately $262,107.58. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry Hendricks sold 3,235 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $9.19, for a total value of $29,729.65. Following the completion of the sale, the director now directly owns 17,448 shares of the company’s stock, valued at approximately $160,347.12. The disclosure for this sale can be found here. In the last three months, insiders bought 345,466 shares of company stock valued at $2,408,716. Insiders own 9.45% of the company’s stock.

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About ClearOne Incoprorated

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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