Clarus (NASDAQ:CLAR) Upgraded at Wall Street Zen

Clarus (NASDAQ:CLAR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Clarus currently has an average rating of “Hold” and an average price target of $4.75.

Clarus Price Performance

Shares of NASDAQ:CLAR opened at $3.51 on Friday. The firm has a market capitalization of $134.78 million, a P/E ratio of -1.66 and a beta of 1.09. The business’s 50-day moving average is $3.41 and its 200 day moving average is $3.50. Clarus has a 1 year low of $3.02 and a 1 year high of $5.29.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $69.35 million for the quarter, compared to analyst estimates of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. On average, analysts expect that Clarus will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Clarus

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in 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 purchased a new position in Clarus in the 2nd quarter worth approximately $37,000. Quadrature Capital Ltd acquired a new position in shares of Clarus during the 2nd quarter worth approximately $39,000. Verition Fund Management LLC purchased a new stake in shares of Clarus in the third quarter valued at approximately $50,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Clarus by 19.6% in the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company’s stock valued at $81,000 after purchasing an additional 3,845 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.