ClearOne Incoprorated (CLRO) Given Consensus Recommendation of “Strong Buy” by Analysts
ClearOne Incoprorated (NASDAQ:CLRO) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $8.50 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ClearOne Incoprorated an industry rank of 105 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently commented on CLRO shares. B. Riley reaffirmed a “buy” rating and set a $8.50 target price on shares of ClearOne Incoprorated in a report on Thursday, November 9th. TheStreet downgraded ClearOne Incoprorated from a “c-” rating to a “d+” rating in a report on Friday, November 10th. Finally, ValuEngine raised ClearOne Incoprorated from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, November 21st. ClearOne Incoprorated’s dividend payout ratio is currently -20.74%.
In related news, Director Larry Hendricks sold 3,235 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $9.19, for a total value of $29,729.65. Following the completion of the sale, the director now directly owns 17,448 shares of the company’s stock, valued at approximately $160,347.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder E Bryan Bagley acquired 45,448 shares of ClearOne Incoprorated stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $6.79 per share, with a total value of $308,591.92. Following the completion of the purchase, the insider now owns 38,602 shares in the company, valued at approximately $262,107.58. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 345,466 shares of company stock valued at $2,408,716. Company insiders own 9.45% of the company’s stock.
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About ClearOne Incoprorated
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.
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