Climb Global Solutions (NASDAQ:CLMB) Rating Reiterated by Barrington Research

Climb Global Solutions (NASDAQ:CLMB)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a report issued on Thursday, Benzinga reports. They currently have a $90.00 price objective on the stock. Barrington Research’s target price indicates a potential downside of 14.85% from the company’s previous close.

Climb Global Solutions Price Performance

CLMB stock opened at $105.69 on Thursday. The company has a market capitalization of $484.59 million, a PE ratio of 40.97, a P/E/G ratio of 2.89 and a beta of 1.06. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $91.16 and its two-hundred day moving average is $72.14. Climb Global Solutions has a 52-week low of $40.63 and a 52-week high of $106.44.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.35. The firm had revenue of $92.08 million for the quarter, compared to analysts’ expectations of $97.27 million. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. Analysts predict that Climb Global Solutions will post 3.28 earnings per share for the current fiscal year.

Institutional Trading of Climb Global Solutions

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Climb Global Solutions during the 3rd quarter valued at about $159,000. Lazard Asset Management LLC boosted its stake in Climb Global Solutions by 82.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after purchasing an additional 1,319 shares during the period. Rhumbline Advisers boosted its stake in Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after purchasing an additional 237 shares during the period. Acuitas Investments LLC increased its stake in shares of Climb Global Solutions by 136.4% in the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock valued at $327,000 after purchasing an additional 3,000 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in shares of Climb Global Solutions by 27.8% during the first quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock valued at $400,000 after buying an additional 1,228 shares during the last quarter. Institutional investors own 49.72% of the company’s stock.

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.