B. Riley Has Lowered Expectations for Clarus (NASDAQ:CLAR) Stock Price

Clarus (NASDAQ:CLAR) had its price target dropped by equities researchers at B. Riley from $5.50 to $5.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 19.33% from the company’s previous close.

Separately, Lake Street Capital lowered their price target on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Clarus currently has an average rating of “Hold” and an average target price of $5.33.

Clarus Stock Down 5.4 %

Shares of NASDAQ:CLAR traded down $0.24 during midday trading on Monday, hitting $4.19. 21,440 shares of the stock traded hands, compared to its average volume of 130,889. The business’s 50 day moving average is $4.66 and its two-hundred day moving average is $4.53. The stock has a market capitalization of $160.74 million, a PE ratio of 32.23 and a beta of 0.82. Clarus has a one year low of $3.89 and a one year high of $7.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CLAR. Quantbot Technologies LP purchased a new stake in Clarus in the third quarter worth $54,000. Intech Investment Management LLC purchased a new stake in shares of Clarus in the 4th quarter worth about $64,000. Envestnet Asset Management Inc. increased its stake in shares of Clarus by 38.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock worth $72,000 after acquiring an additional 4,371 shares in the last quarter. Wells Fargo & Company MN lifted its position in Clarus by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after acquiring an additional 3,810 shares during the period. Finally, Legacy Capital Group California Inc. lifted its position in Clarus by 40.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock valued at $90,000 after acquiring an additional 5,749 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

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.