Climb Global Solutions, Inc. (CLMB) – What Are Analysts Saying About This Stock?

Climb Global Solutions, Inc. (NASDAQ:CLMB) has received an average rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.00.

A number of equities analysts have issued reports on CLMB shares. Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Climb Global Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings downgraded shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Climb Global Solutions during the 2nd quarter worth about $32,000. USA Financial Formulas purchased a new position in Climb Global Solutions in the 3rd quarter valued at about $49,000. Sterling Capital Management LLC boosted its holdings in Climb Global Solutions by 3,827.1% in the 3rd quarter. Sterling Capital Management LLC now owns 2,317 shares of the company’s stock worth $74,000 after buying an additional 2,258 shares during the last quarter. Peterson Wealth Services increased its stake in Climb Global Solutions by 3,267.0% during the 1st quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock worth $71,000 after buying an additional 3,463 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Climb Global Solutions during the 2nd quarter worth approximately $97,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $43.16 on Wednesday. The stock’s 50-day simple moving average is $32.77 and its 200-day simple moving average is $26.26. The firm has a market capitalization of $805.37 million, a PE ratio of 33.46, a P/E/G ratio of 1.70 and a beta of 1.09. Climb Global Solutions has a fifty-two week low of $15.24 and a fifty-two week high of $44.89.

Climb Global Solutions (NASDAQ:CLMB) last released its earnings results on Wednesday, October 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $220.31 million during the quarter, compared to the consensus estimate of $180.98 million. Climb Global Solutions had a return on equity of 19.56% and a net margin of 3.08%. Sell-side analysts forecast that Climb Global Solutions will post 1.36 earnings per share for the current year.

About Climb Global Solutions

Climb Global Solutions, Inc. (NASDAQ:CLMB) is a global value-added distributor of information technology products and services. The company connects technology vendors with resellers, managed service providers, systems integrators and other channel partners, helping them market and deliver specialized technology solutions to business and government customers. Climb’s portfolio includes cybersecurity, networking, data management, virtualization, cloud computing, software development and other enterprise technology solutions.