Clarus Corporation (NASDAQ:CLAR) Receives $4.75 Average Target Price from Brokerages

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

CLAR has been the topic of several recent research reports. Wall Street Zen upgraded Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research note on Monday, December 29th.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.17 on Monday. Clarus has a 52 week low of $3.02 and a 52 week high of $4.50. The firm has a 50-day moving average price of $3.48 and a two-hundred day moving average price of $3.50. The firm has a market cap of $121.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.11.

Hedge Funds Weigh In On Clarus

A number of large investors have recently modified their holdings of CLAR. Nisa Investment Advisors LLC grew its position in Clarus by 7,774.1% in 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 in the last quarter. Quadrature Capital Ltd bought a new stake in Clarus during the second quarter worth about $39,000. Abel Hall LLC purchased a new position in shares of Clarus in the 4th quarter worth about $39,000. Verition Fund Management LLC bought a new position in shares of Clarus during the 3rd quarter valued at about $50,000. Finally, Virtu Financial LLC bought a new position in shares of Clarus during the 4th quarter valued at about $62,000. 90.30% of the stock is currently owned by institutional investors.

Clarus Company Profile

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.