Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Clarus Corporation (NASDAQ:CLAR) have received an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.75.

CLAR has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th.

Clarus Stock Down 0.8%

Shares of CLAR stock opened at $3.71 on Thursday. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.00. The firm’s 50 day moving average price is $3.54 and its two-hundred day moving average price is $3.52. The stock has a market cap of $142.46 million, a price-to-earnings ratio of -1.76 and a beta of 1.10.

Clarus (NASDAQ:CLAR) last issued its earnings results on Thursday, November 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $69.35 million during the quarter, compared to analysts’ expectations of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. On average, equities analysts forecast that Clarus will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Clarus

A number of institutional investors have recently added to or reduced their stakes in the company. Parthenon LLC boosted its holdings in Clarus by 64.4% in the third quarter. Parthenon LLC now owns 720,240 shares of the company’s stock valued at $2,521,000 after purchasing an additional 282,103 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Clarus by 3.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock valued at $3,322,000 after purchasing an additional 30,500 shares in the last quarter. Abel Hall LLC acquired a new position in shares of Clarus in the 2nd quarter valued at approximately $37,000. Peapod Lane Capital LLC boosted its stake in shares of Clarus by 1.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock valued at $1,684,000 after buying an additional 6,215 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Clarus during the second quarter worth approximately $90,000. Institutional investors and hedge funds 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.