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

Shares of Clarus Corporation (NASDAQ:CLAR) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.75.

Several research firms recently commented on CLAR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a research note 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.

Hedge Funds Weigh In On Clarus

Several institutional investors have recently made changes to their positions in CLAR. Potomac Capital Management Inc. bought a new position in Clarus during the 4th quarter worth about $3,244,000. Parthenon LLC increased its holdings in Clarus by 39.6% during the fourth quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock valued at $3,368,000 after buying an additional 285,124 shares during the period. LPL Financial LLC bought a new position in Clarus in the fourth quarter worth approximately $480,000. Two Sigma Investments LP purchased a new stake in Clarus during the third quarter worth $221,000. Finally, Russell Investments Group Ltd. boosted its position in Clarus by 4.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock valued at $4,894,000 after acquiring an additional 58,821 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Stock Down 3.2%

CLAR stock opened at $3.09 on Monday. Clarus has a twelve month low of $3.02 and a twelve month high of $4.69. The firm has a market cap of $118.62 million, a price-to-earnings ratio of -1.50 and a beta of 1.10. The business’s fifty day simple moving average is $3.49 and its two-hundred day simple moving average is $3.50.

About Clarus

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.