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

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.00.

A number of brokerages have issued reports on CLMB. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Climb Global Solutions in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds have recently made changes to their positions in CLMB. Global Retirement Partners LLC purchased a new stake in Climb Global Solutions in the second quarter worth $32,000. Bard Associates Inc. purchased a new stake in shares of Climb Global Solutions in the 4th quarter worth about $55,000. Tower Research Capital LLC TRC increased 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 worth $59,000 after acquiring an additional 422 shares in the last quarter. Peterson Wealth Services grew its holdings in Climb Global Solutions by 3,267.0% in the first quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock worth $71,000 after purchasing an additional 3,463 shares during the period. Finally, State of Wyoming bought a new position in shares of Climb Global Solutions during the second quarter valued at approximately $97,000. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Trading Down 0.3%

Climb Global Solutions stock opened at $28.28 on Friday. The firm has a market cap of $527.70 million, a P/E ratio of 25.36, a P/E/G ratio of 1.79 and a beta of 1.07. Climb Global Solutions has a 1-year low of $15.24 and a 1-year high of $36.26. The firm has a 50-day moving average of $25.43 and a 200-day moving average of $23.63.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, July 29th. The company reported $0.30 EPS 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 company had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. Research analysts forecast that Climb Global Solutions will post 1.32 earnings per share for the current fiscal 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.