Clarus (NASDAQ:CLAR - Get Free Report) had its price objective dropped by analysts at B. Riley from $5.50 to $5.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley's price objective would suggest a potential upside of 21.65% from the company's current price.
Separately, Lake Street Capital decreased their price objective on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Clarus has a consensus rating of "Hold" and an average price target of $5.33.
Check Out Our Latest Report on Clarus
Clarus Price Performance
CLAR stock traded up $0.09 on Monday, reaching $4.11. The company's stock had a trading volume of 231,929 shares, compared to its average volume of 136,846. Clarus has a 52 week low of $3.89 and a 52 week high of $7.55. The company has a market capitalization of $157.67 million, a P/E ratio of 31.62 and a beta of 0.82. The firm has a fifty day moving average of $4.64 and a two-hundred day moving average of $4.52.
Hedge Funds Weigh In On Clarus
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLAR. Proficio Capital Partners LLC bought a new position in Clarus during the 3rd quarter valued at $153,000. Empowered Funds LLC lifted its position in shares of Clarus by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 95,288 shares of the company's stock valued at $429,000 after acquiring an additional 4,824 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Clarus during the 3rd quarter valued at $54,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Clarus during the 3rd quarter valued at $420,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Clarus during the 3rd quarter valued at $100,000. 90.30% of the stock is owned by institutional investors.
About Clarus
(
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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.
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