Zacks Investment Research downgraded shares of ClearOne Incoprorated (NASDAQ:CLRO) from a hold rating to a sell rating in a research note published 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. “
CLRO has been the topic of several other research reports. B. Riley reaffirmed a buy rating and set a $8.50 price objective on shares of ClearOne Incoprorated in a research note on Thursday, November 9th. ValuEngine raised ClearOne Incoprorated from a sell rating to a hold rating in a research note on Friday, December 1st. Finally, TheStreet downgraded ClearOne Incoprorated from a c- rating to a d+ rating in a research note on Friday, November 10th.
In other news, major shareholder E Bryan Bagley bought 45,448 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $6.79 per share, for a total transaction of $308,591.92. Following the acquisition, the insider now owns 38,602 shares in the company, valued at $262,107.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry Hendricks sold 3,235 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $9.19, for a total value of $29,729.65. Following the transaction, the director now owns 17,448 shares of the company’s stock, valued at approximately $160,347.12. The disclosure for this sale can be found here. Insiders have purchased a total of 345,466 shares of company stock worth $2,408,716 in the last ninety days. 9.45% of the stock is currently owned by company insiders.
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ClearOne Incoprorated Company Profile
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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