ClearOne (NASDAQ:CLRO) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other brokerages have also issued reports on CLRO. B. Riley reiterated a “buy” rating and set a $8.50 target price on shares of ClearOne in a research report on Thursday, November 9th. TheStreet lowered shares of ClearOne from a “c-” rating to a “d+” rating in a research report on Friday, November 10th.

ClearOne (CLRO) traded up $1.05 during mid-day trading on Friday, hitting $8.10. 42,048 shares of the stock were exchanged, compared to its average volume of 41,575. ClearOne has a one year low of $6.70 and a one year high of $12.60. The company has a market capitalization of $68.16, a price-to-earnings ratio of 270.00 and a beta of 1.32.

In other ClearOne news, major shareholder Edward D. Bagley purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average cost of $7.00 per share, with a total value of $2,100,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward D. Bagley purchased 20,664 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average cost of $7.52 per share, for a total transaction of $155,393.28. Following the completion of the purchase, the insider now directly owns 1,962,260 shares of the company’s stock, valued at approximately $14,756,195.20. The disclosure for this purchase can be found here. Insiders have acquired 400,326 shares of company stock worth $2,823,333 over the last three months. Insiders own 9.45% of the company’s stock.

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About ClearOne

ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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