Climb Global Solutions’ (CLMB) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB) in a report published on Friday morning,Benzinga reports. They currently have a $136.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. 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 given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $136.00.

Climb Global Solutions Trading Down 0.2%

NASDAQ CLMB opened at $118.50 on Friday. Climb Global Solutions has a 12 month low of $88.90 and a 12 month high of $145.02. The stock has a 50 day moving average of $115.29 and a 200-day moving average of $119.47. The company has a market cap of $546.29 million, a PE ratio of 25.48, a PEG ratio of 1.78 and a beta of 1.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CLMB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Climb Global Solutions by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock worth $279,000 after purchasing an additional 131 shares in the last quarter. Jane Street Group LLC acquired a new position in Climb Global Solutions during the first quarter valued at approximately $426,000. Pinnacle Associates Ltd. raised its position in Climb Global Solutions by 17.4% during the second quarter. Pinnacle Associates Ltd. now owns 14,996 shares of the company’s stock valued at $1,603,000 after purchasing an additional 2,225 shares in the last quarter. Aviva PLC bought a new stake in Climb Global Solutions during the second quarter worth $473,000. Finally, CSM Advisors LLC acquired a new stake in shares of Climb Global Solutions in the 2nd quarter valued at $3,655,000. 49.72% of the stock is owned by institutional investors.

Climb Global Solutions Company Profile

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.