Clarus (NASDAQ:CLAR) Stock Rating Upgraded by Zacks Research

Clarus (NASDAQ:CLAR) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on CLAR. Roth Mkm lowered their price target on Clarus from $3.50 to $3.25 and set a “neutral” rating for the company in a research report on Friday, March 6th. Lake Street Capital reduced their price objective on shares of Clarus from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Stifel Nicolaus set a $5.00 target price on shares of Clarus in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.75.

Clarus Stock Up 8.1%

Clarus stock opened at $2.81 on Monday. Clarus has a twelve month low of $2.58 and a twelve month high of $4.03. The company has a market capitalization of $108.02 million, a P/E ratio of -2.32 and a beta of 1.02. The stock’s 50 day moving average is $2.84 and its 200 day moving average is $3.25.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Clarus had a negative return on equity of 0.82% and a negative net margin of 18.59%.The business had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.67 million. As a group, equities analysts expect that Clarus will post 0.08 EPS for the current year.

Institutional Trading of Clarus

Hedge funds have recently bought and sold shares of the company. Abel Hall LLC bought a new position in Clarus in the fourth quarter valued at about $39,000. Verition Fund Management LLC bought a new stake in shares of Clarus during the 3rd quarter valued at about $50,000. Quadrature Capital Ltd bought a new stake in shares of Clarus during the 4th quarter valued at about $56,000. Virtu Financial LLC purchased a new stake in shares of Clarus during the 4th quarter valued at about $62,000. Finally, Millennium Management LLC purchased a new stake in shares of Clarus during the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.