Barrington Research Reaffirms “Outperform” Rating for Climb Global Solutions (NASDAQ:CLMB)

Climb Global Solutions (NASDAQ:CLMB)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $136.00 target price on the stock. Barrington Research’s target price would suggest a potential upside of 14.77% from the company’s previous close.

CLMB has been the subject of several other research reports. Wall Street Zen lowered Climb Global Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Zacks Research raised Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings cut Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Climb Global Solutions presently has an average rating of “Hold” and a consensus target price of $136.00.

Climb Global Solutions Stock Down 0.2%

CLMB stock opened at $118.50 on Friday. Climb Global Solutions has a 52 week low of $88.90 and a 52 week high of $145.02. The firm has a market capitalization of $546.29 million, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. The company has a fifty day simple moving average of $115.29 and a two-hundred day simple moving average of $119.39.

Institutional Trading of Climb Global Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of CLMB. Wasatch Advisors LP lifted its position in shares of Climb Global Solutions by 7.7% during the third quarter. Wasatch Advisors LP now owns 302,880 shares of the company’s stock worth $40,840,000 after purchasing an additional 21,749 shares during the last quarter. De Lisle Partners LLP grew its stake in Climb Global Solutions by 2.7% in the 4th quarter. De Lisle Partners LLP now owns 246,988 shares of the company’s stock worth $25,430,000 after acquiring an additional 6,400 shares in the last quarter. AltraVue Capital LLC increased its position in shares of Climb Global Solutions by 85.3% during the fourth quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock worth $19,515,000 after acquiring an additional 87,380 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Climb Global Solutions by 41.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 145,416 shares of the company’s stock valued at $14,947,000 after acquiring an additional 42,938 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Climb Global Solutions by 5.0% during 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 in the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

About Climb Global Solutions

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.