Brokerages Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.75

Shares of Clarus Corporation (NASDAQ:CLAR) have earned a consensus rating of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $4.75.

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, October 8th. Lake Street Capital restated a “hold” rating and issued a $3.50 target price on shares of Clarus in a report on Friday, August 1st.

Insider Activity

In other Clarus news, Chairman Warren B. Kanders bought 200,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of $3.24 per share, for a total transaction of $648,000.00. Following the completion of the transaction, the chairman owned 4,355,326 shares in the company, valued at approximately $14,111,256.24. The trade was a 4.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.30% of the company’s stock.

Hedge Funds Weigh In On Clarus

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC grew 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. Abel Hall LLC acquired a new stake in shares of Clarus during the second quarter worth $37,000. Quadrature Capital Ltd acquired a new stake in shares of Clarus during the second quarter worth $39,000. PNC Financial Services Group Inc. lifted its holdings in shares of Clarus by 19.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock worth $81,000 after purchasing an additional 3,845 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Clarus during the second quarter worth $90,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Stock Performance

CLAR stock opened at $3.50 on Tuesday. The company’s 50 day moving average price is $3.56 and its 200 day moving average price is $3.47. Clarus has a fifty-two week low of $3.02 and a fifty-two week high of $5.29. The firm has a market capitalization of $134.40 million, a price-to-earnings ratio of -1.63 and a beta of 0.93.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.