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

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.00.

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Wall Street Zen raised Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st.

Climb Global Solutions Trading Up 2.0%

Shares of Climb Global Solutions stock opened at $33.26 on Friday. The firm has a fifty day simple moving average of $29.19 and a 200-day simple moving average of $24.79. Climb Global Solutions has a 1-year low of $15.24 and a 1-year high of $35.07. The stock has a market capitalization of $620.66 million, a price-to-earnings ratio of 29.83, a PEG ratio of 2.06 and a beta of 1.08.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. The business had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. As a group, research analysts predict that Climb Global Solutions will post 1.32 earnings per share for the current year.

Institutional Trading of Climb Global Solutions

Several hedge funds have recently added to or reduced their stakes in CLMB. BlackRock Inc. acquired a new stake in Climb Global Solutions in the 2nd quarter valued at approximately $30,777,000. De Lisle Partners LLP lifted its holdings in shares of Climb Global Solutions by 2.7% during the fourth quarter. De Lisle Partners LLP now owns 246,988 shares of the company’s stock worth $25,430,000 after buying an additional 6,400 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Climb Global Solutions by 13.8% during the second quarter. Wasatch Advisors LP now owns 691,360 shares of the company’s stock worth $16,046,000 after buying an additional 83,680 shares during the last quarter. Tieton Capital Management LLC bought a new stake in shares of Climb Global Solutions in the second quarter valued at approximately $15,948,000. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Climb Global Solutions by 5.0% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 134,717 shares of the company’s stock valued at $13,848,000 after acquiring an additional 6,377 shares during the period. Institutional investors own 49.72% of the company’s stock.

About Climb Global Solutions

Climb Global Solutions, Inc is a technology solutions provider and specialty distributor that connects technology vendors with resellers, managed service providers, system integrators and other channel partners. The company focuses on complex and emerging technology markets, helping partners access products, services and support from a range of technology publishers and manufacturers.

Its offerings include cybersecurity, networking, data management, virtualization, cloud computing, software and information technology infrastructure solutions.