Climb Global Solutions (NASDAQ:CLMB) Earns Outperform Rating from Barrington Research

Climb Global Solutions (NASDAQ:CLMB)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a report issued on Monday,Benzinga reports. They currently have a $136.00 price objective on the stock. Barrington Research’s target price suggests a potential upside of 8.90% from the company’s current price.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock opened at $124.89 on Monday. The company has a market capitalization of $576.99 million, a P/E ratio of 25.91, a PEG ratio of 1.92 and a beta of 1.01. Climb Global Solutions has a 1 year low of $83.86 and a 1 year high of $144.99. The company’s fifty day moving average is $106.52 and its two-hundred day moving average is $111.25.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.49. The firm had revenue of $159.28 million for the quarter, compared to analyst estimates of $113.25 million. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%. As a group, equities analysts expect that Climb Global Solutions will post 4.14 earnings per share for the current year.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds have recently modified their holdings of the stock. Hilltop National Bank acquired a new position in Climb Global Solutions in the 2nd quarter valued at $35,000. Summit Investment Advisors Inc. boosted its holdings in shares of Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock valued at $56,000 after acquiring an additional 97 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock worth $60,000 after acquiring an additional 318 shares during the period. State of Wyoming acquired a new position in shares of Climb Global Solutions during the fourth quarter worth about $64,000. Finally, IFP Advisors Inc raised its holdings in Climb Global Solutions by 183.3% during the second quarter. IFP Advisors Inc now owns 544 shares of the company’s stock worth $58,000 after purchasing an additional 352 shares in the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

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.