Climb Global Solutions (NASDAQ:CLMB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Climb Global Solutions (NASDAQ:CLMB) from a sell rating to a hold rating in a report published on Saturday.

Several other equities research analysts have also issued reports on CLMB. Weiss Ratings lowered shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Climb Global Solutions in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Climb Global Solutions Stock Up 1.5%

NASDAQ:CLMB opened at $27.22 on Friday. The stock’s 50-day simple moving average is $24.04 and its 200 day simple moving average is $23.87. The firm has a market capitalization of $506.21 million, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. Climb Global Solutions has a twelve month low of $15.24 and a twelve month high of $36.26.

Climb Global Solutions (NASDAQ:CLMB) last issued its earnings results on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. On average, analysts anticipate that Climb Global Solutions will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Climb Global Solutions

A number of institutional investors have recently added to or reduced their stakes in CLMB. Global Retirement Partners LLC bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $36,000. Bard Associates Inc. bought a new stake in Climb Global Solutions in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its position in Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after purchasing an additional 422 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Climb Global Solutions by 31,866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 959 shares of the company’s stock worth $99,000 after purchasing an additional 956 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Climb Global Solutions during the 4th quarter worth approximately $110,000. 49.72% of the stock is owned by institutional investors.

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.