Brokerages Set Clarus Corporation (NASDAQ:CLAR) Price Target at $4.75

Clarus Corporation (NASDAQ:CLAR) has received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $4.75.

Several research firms recently issued reports on CLAR. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a report on Monday, December 29th. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th.

Hedge Funds Weigh In On Clarus

Several large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Clarus by 4.4% during the third quarter. Russell Investments Group Ltd. now owns 1,398,258 shares of the company’s stock worth $4,894,000 after purchasing an additional 58,821 shares in the last quarter. Parthenon LLC boosted its stake in Clarus by 39.6% in the 4th quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after purchasing an additional 285,124 shares during the period. Potomac Capital Management Inc. bought a new position in Clarus in the 4th quarter worth approximately $3,244,000. First Eagle Investment Management LLC grew its holdings in Clarus by 3.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock valued at $3,322,000 after buying an additional 30,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Clarus by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after buying an additional 3,611 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Stock Performance

Shares of Clarus stock opened at $3.45 on Thursday. The stock has a market cap of $132.48 million, a P/E ratio of -1.64 and a beta of 1.10. The stock’s fifty day moving average is $3.53 and its 200 day moving average is $3.51. Clarus has a one year low of $3.02 and a one year high of $5.00.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.