Stifel Nicolaus Lowers Clarus (NASDAQ:CLAR) Price Target to $6.00

Clarus (NASDAQ:CLARGet Free Report) had its target price reduced by investment analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 93.55% from the company’s current price.

CLAR has been the topic of several other research reports. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.50.

Check Out Our Latest Analysis on CLAR

Clarus Price Performance

NASDAQ CLAR opened at $3.10 on Friday. The stock has a market capitalization of $119.04 million, a price-to-earnings ratio of -1.47 and a beta of 1.11. Clarus has a 1-year low of $3.02 and a 1-year high of $4.45. The business’s fifty day moving average price is $3.47 and its 200-day moving average price is $3.49.

Clarus (NASDAQ:CLARGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Clarus had a negative return on equity of 4.30% and a negative net margin of 31.52%.The company had revenue of $65.41 million during the quarter, compared to analysts’ expectations of $68.67 million. Equities research analysts anticipate that Clarus will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Clarus

A number of institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in shares of Clarus by 7,774.1% during the second quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock worth $31,000 after acquiring an additional 8,707 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Clarus during the 2nd quarter worth approximately $39,000. Abel Hall LLC bought a new position in Clarus during the fourth quarter valued at $39,000. Verition Fund Management LLC bought a new position in shares of Clarus in the 3rd quarter valued at about $50,000. Finally, Virtu Financial LLC purchased a new position in shares of Clarus in the 4th quarter worth approximately $62,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Clarus

Here are the key news stories impacting Clarus this week:

About Clarus

(Get Free Report)

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.

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Analyst Recommendations for Clarus (NASDAQ:CLAR)

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