Should I buy or sell Climb Global Solutions stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Climb Global Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLMB shares. View CLMB analyst ratings or view top-rated stocks .

What is Climb Global Solutions' stock price target for 2024?

1 brokerages have issued 1-year price objectives for Climb Global Solutions' shares. Their CLMB share price targets range from $76.00 to $76.00. On average, they predict the company's share price to reach $76.00 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price. View analysts price targets for CLMB or view top-rated stocks among Wall Street analysts .

How have CLMB shares performed in 2024?

Climb Global Solutions' stock was trading at $54.83 at the beginning of the year. Since then, CLMB shares have increased by 19.6% and is now trading at $65.55. View the best growth stocks for 2024 here .

Are investors shorting Climb Global Solutions?

Climb Global Solutions saw a decrease in short interest in March. As of March 31st, there was short interest totaling 44,500 shares, a decrease of 21.9% from the March 15th total of 57,000 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 4.4 days. Currently, 1.2% of the company's shares are sold short. View Climb Global Solutions' Short Interest .

When is Climb Global Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our CLMB earnings forecast .

How were Climb Global Solutions' earnings last quarter?

Climb Global Solutions, Inc. (NASDAQ:CLMB) released its quarterly earnings data on Wednesday, February, 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.68 by $0.47. The firm earned $106.78 million during the quarter, compared to the consensus estimate of $88.99 million. Climb Global Solutions had a trailing twelve-month return on equity of 20.65% and a net margin of 3.50%.

How often does Climb Global Solutions pay dividends? What is the dividend yield for Climb Global Solutions?

Climb Global Solutions declared a quarterly dividend on Tuesday, February 27th. Investors of record on Monday, March 11th will be paid a dividend of $0.17 per share on Friday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, March 8th. Read our dividend analysis for CLMB .

Is Climb Global Solutions a good dividend stock?

Climb Global Solutions (NASDAQ:CLMB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.03%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLMB will have a dividend payout ratio of 20.30% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CLMB .

What ETF holds Climb Global Solutions' stock?

Ballast Small/Mid Cap ETF holds 76,500 shares of CLMB stock, representing 3.77% of its portfolio.

Who are Climb Global Solutions' major shareholders?

Climb Global Solutions' stock is owned by a number of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.20%). Insiders that own company stock include Andrew E Clark, Andrew S Bryant, Charles Edward Bass, Dale Richard Foster, Jeffrey Richart Geygan, John R Mccarthy and Vito Legrottaglie. View institutional ownership trends .

How do I buy shares of Climb Global Solutions?

Shares of CLMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Positive News SentimentPositive News

NASDAQ:CLMB

Climb Global Solutions (CLMB) Stock Price, News & Analysis

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Free CLMB Stock Alerts

$65.55

-1.39 (-2.08%)

(As of 04/18/2024 ET)

Compare

Today's Range: $64.62
▼
$67.00
50-Day Range: $57.13
▼
$72.30
52-Week Range: $37.67
▼
$73.25

Volume: 10,586 shs
Average Volume: 9,929 shs
Market Capitalization: $299.43 million

P/E Ratio: 24.10
Dividend Yield: 1.04%
Price Target: $76.00

Get Climb Global Solutions alerts:

Climb Global Solutions MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.9% Upside
$76.00 Price Target
Short Interest: Healthy
1.17% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.66
Based on 2 Articles This Week
Insider Trading: Selling Shares
$261,740 Sold Last Quarter
Proj. Earnings Growth: 14.73%
From $2.92 to $3.35 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Business Services Sector

93rd out of 293 stocks

Computers, Peripherals, & Software Industry

1st out of 3 stocks

2.5

Analyst's Opinion

Consensus Rating
Climb Global Solutions has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Climb Global Solutions has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.17% of the float of Climb Global Solutions has been sold short.
Short Interest Ratio / Days to Cover
Climb Global Solutions has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Climb Global Solutions has recently decreased by 21.93%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Climb Global Solutions pays a meaningful dividend of 1.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Climb Global Solutions does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Climb Global Solutions is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Climb Global Solutions will have a dividend payout ratio of 20.30% next year. This indicates that Climb Global Solutions will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLMB.

2.6

News and Social Media Coverage

News Sentiment
Climb Global Solutions has a news sentiment score of 1.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Climb Global Solutions this week, compared to 2 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Climb Global Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $261,740.00 in company stock.
Percentage Held by Insiders
Only 9.70% of the stock of Climb Global Solutions is held by insiders.
Percentage Held by Institutions
49.72% of the stock of Climb Global Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Climb Global Solutions are expected to grow by 14.73% in the coming year, from $2.92 to $3.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Climb Global Solutions is 24.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Climb Global Solutions is 24.10, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 36.70.
Price to Earnings Growth Ratio
Climb Global Solutions has a PEG Ratio of 2.28. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Climb Global Solutions has a P/B Ratio of 4.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Climb Global Solutions Stock (NASDAQ:CLMB)

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. It also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, the company offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. It markets its products through its own web sites, local and on-line seminars, events, webinars, and social media, as well as direct email and printed materials. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions Inc. in October 2022. Climb Global Solutions Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.

CLMB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CLMB Stock News Headlines

March 20, 2024 | insidertrades.com

Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) CMO Sells 500 Shares of Stock

April 18, 2024 | globenewswire.com

Climb Global Solutions Sets First Quarter 2024 Conference Call for May 2, 2024 at 8:30 a.m. ET

April 19, 2024 | InvestorPlace (Ad)

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April 11, 2024 | finance.yahoo.com

Is Climb Global Solutions (CLMB) a Minnow in a Zillion Dollar Space?

April 10, 2024 | insidermonkey.com

Should You Invest in Climb Global Solutions (CLMB)?

April 7, 2024 | finance.yahoo.com

Investors in Climb Global Solutions (NASDAQ:CLMB) have seen massive returns of 555% over the past five years

April 2, 2024 | finance.yahoo.com

Scale Computing Approved on Climb Channel Solutions’ OMNIA Partners/NCPA and GSA Contracts

April 2, 2024 | globenewswire.com

Scale Computing Approved on Climb Channel Solutions' OMNIA Partners/NCPA and GSA Contracts

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March 25, 2024 | globenewswire.com

Climb Channel Solutions Awarded NAM Distributor of the Year by Delinea

March 20, 2024 | finance.yahoo.com

Why We Like The Returns At Climb Global Solutions (NASDAQ:CLMB)

March 13, 2024 | finance.yahoo.com

Insider Selling: CEO Dale Foster Sells 3,500 Shares of Climb Global Solutions Inc (CLMB)

March 6, 2024 | msn.com

Climb Global Solutions (CLMB) Declares $0.17 Dividend

March 5, 2024 | globenewswire.com

Climb Global Solutions to Participate at the Sidoti Small Cap Conference on March 14

March 3, 2024 | finance.yahoo.com

Climb Global Solutions (NASDAQ:CLMB) Has Affirmed Its Dividend Of $0.17

March 1, 2024 | benzinga.com

Climb Global Solutions: Q4 Earnings Insights

March 1, 2024 | finance.yahoo.com

Climb Global Solutions, Inc. (NASDAQ:CLMB) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

Climb Global Solutions Full Year 2023 Earnings: Beats Expectations

February 29, 2024 | finanznachrichten.de

Climb Global Solutions, Inc.: Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results

February 28, 2024 | markets.businessinsider.com

Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results

February 28, 2024 | msn.com

Climb Global Solutions GAAP EPS of $1.15 beats by $0.47, revenue of $106.78M beats by $17.79M

February 28, 2024 | finance.yahoo.com

Climb Global Solutions Inc (CLMB) Achieves Record Net Sales and Earnings in Q4 and FY 2023

February 28, 2024 | globenewswire.com

Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results

February 27, 2024 | benzinga.com

Climb Global Solutions Earnings Preview

February 27, 2024 | finance.yahoo.com

Is There Now An Opportunity In Climb Global Solutions, Inc. (NASDAQ:CLMB)?

February 20, 2024 | globenewswire.com

Climb Channel Solutions and Global Technologies Join Forces

February 15, 2024 | finance.yahoo.com

Climb Channel Solutions Launches Worldwide Partnership with Panzura

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Ex-Dividend for 3/15 Dividend: 3/08/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Computers, peripherals, & software
Sub-Industry: N/A
Current Symbol: NASDAQ:CLMB
CUSIP: N/A
CIK: 945983
Web: www.waysidetechnology.com
Phone: (732) 389-0932
Fax: 732-389-1207
Employees: 342
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $76.00
High Stock Price Target: $76.00
Low Stock Price Target: $76.00
Potential Upside/Downside: +15.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.72
Trailing P/E Ratio: 24.10
Forward P/E Ratio: 22.45
P/E Growth: 2.28
Net Income: $12.32 million
Net Margins: 3.50%
Pretax Margin: 4.77%
Return on Equity: 20.65%
Return on Assets: 5.39%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 1.07
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $352.01 million
Price / Sales: 0.85
Cash Flow: $3.70 per share
Price / Cash Flow: 17.70
Book Value: $16.33 per share
Price / Book: 4.01

Miscellaneous

Outstanding Shares: 4,570,000
Free Float: 4,125,000
Market Cap: $299.56 million
Optionable: Not Optionable
Beta: 0.95

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Key Executives

Mr. Dale Richard Foster (Age 60)
CEO & Director
Comp: $760.93k
Mr. Andrew E. Clark CPA (Age 62)
VP & CFO
Comp: $546.62k
Mr. Vito Legrottaglie (Age 60)
VP of Operations & Chief Information Officer
Comp: $469.38k
Mr. Charles Edward Bass (Age 59)
VP & Chief Marketing Officer
Comp: $494.21k
Mr. Timothy Popovich (Age 45)
VP & COO
Mr. Matthew Sullivan (Age 36)
Chief Accounting Officer
Mr. Gerard Brophy
Managing Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLMB Stock Analysis - Frequently Asked Questions

Should I buy or sell Climb Global Solutions stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Climb Global Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLMB shares.
View CLMB analyst ratings or view top-rated stocks.
What is Climb Global Solutions' stock price target for 2024?: 1 brokerages have issued 1-year price objectives for Climb Global Solutions' shares. Their CLMB share price targets range from $76.00 to $76.00. On average, they predict the company's share price to reach $76.00 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
View analysts price targets for CLMB or view top-rated stocks among Wall Street analysts.
How have CLMB shares performed in 2024?: Climb Global Solutions' stock was trading at $54.83 at the beginning of the year. Since then, CLMB shares have increased by 19.6% and is now trading at $65.55.
View the best growth stocks for 2024 here.
Are investors shorting Climb Global Solutions?: Climb Global Solutions saw a decrease in short interest in March. As of March 31st, there was short interest totaling 44,500 shares, a decrease of 21.9% from the March 15th total of 57,000 shares. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 4.4 days. Currently, 1.2% of the company's shares are sold short.
View Climb Global Solutions' Short Interest.
When is Climb Global Solutions' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CLMB earnings forecast.
How were Climb Global Solutions' earnings last quarter?: Climb Global Solutions, Inc. (NASDAQ:CLMB) released its quarterly earnings data on Wednesday, February, 28th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.68 by $0.47. The firm earned $106.78 million during the quarter, compared to the consensus estimate of $88.99 million. Climb Global Solutions had a trailing twelve-month return on equity of 20.65% and a net margin of 3.50%.

How often does Climb Global Solutions pay dividends? What is the dividend yield for Climb Global Solutions?: Climb Global Solutions declared a quarterly dividend on Tuesday, February 27th. Investors of record on Monday, March 11th will be paid a dividend of $0.17 per share on Friday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, March 8th.
Read our dividend analysis for CLMB.
Is Climb Global Solutions a good dividend stock?: Climb Global Solutions (NASDAQ:CLMB) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.03%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLMB will have a dividend payout ratio of 20.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLMB.
What ETF holds Climb Global Solutions' stock?: Ballast Small/Mid Cap ETF holds 76,500 shares of CLMB stock, representing 3.77% of its portfolio.
Who are Climb Global Solutions' major shareholders?: Climb Global Solutions' stock is owned by a number of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.20%). Insiders that own company stock include Andrew E Clark, Andrew S Bryant, Charles Edward Bass, Dale Richard Foster, Jeffrey Richart Geygan, John R Mccarthy and Vito Legrottaglie.
View institutional ownership trends.
How do I buy shares of Climb Global Solutions?: Shares of CLMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CLMB) was last updated on 4/19/2024 by MarketBeat.com Staff

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Climb Global Solutions (CLMB) Stock Price, News & Analysis

Climb Global Solutions MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Climb Global Solutions Stock (NASDAQ:CLMB)

CLMB Stock Price History

CLMB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CLMB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™