Barrington Research Reaffirms “Outperform” Rating for Climb Global Solutions (NASDAQ:CLMB)

Climb Global Solutions (NASDAQ:CLMB)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $136.00 target price on the stock. Barrington Research’s target price points to a potential upside of 14.59% from the company’s previous close.

Several other equities research analysts also recently commented on CLMB. Weiss Ratings downgraded Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research raised shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $136.00.

Climb Global Solutions Trading Up 0.5%

Shares of Climb Global Solutions stock opened at $118.68 on Friday. Climb Global Solutions has a twelve month low of $88.90 and a twelve month high of $145.02. The stock has a market cap of $547.11 million, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. The company has a fifty day moving average price of $115.08 and a 200 day moving average price of $119.23.

Hedge Funds Weigh In On Climb Global Solutions

Several institutional investors and hedge funds have recently made changes to their positions in CLMB. Flagship Harbor Advisors LLC grew its position in shares of Climb Global Solutions by 3.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,739 shares of the company’s stock worth $282,000 after buying an additional 95 shares in the last quarter. IFP Advisors Inc grew its holdings in Climb Global Solutions by 18.2% during the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock worth $90,000 after acquiring an additional 99 shares in the last quarter. Tidal Investments LLC grew its holdings in Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock worth $258,000 after acquiring an additional 108 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Climb Global Solutions by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock worth $1,356,000 after purchasing an additional 114 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Climb Global Solutions by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,989 shares of the company’s stock worth $403,000 after purchasing an additional 122 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other 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.