Clarus Corporation (NASDAQ:CLAR) Receives Consensus Rating of “Hold” from Brokerages

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

CLAR has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th.

Clarus Stock Performance

CLAR stock opened at $3.09 on Monday. Clarus has a one year low of $3.02 and a one year high of $4.69. The firm has a market cap of $118.62 million, a price-to-earnings ratio of -1.50 and a beta of 1.10. The firm has a 50-day simple moving average of $3.49 and a two-hundred day simple moving average of $3.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Clarus during the fourth quarter valued at $62,000. Lepercq De Neuflize Asset Management LLC lifted its position in Clarus by 106.0% during the 4th quarter. Lepercq De Neuflize Asset Management LLC now owns 68,400 shares of the company’s stock worth $229,000 after acquiring an additional 35,200 shares during the period. XTX Topco Ltd grew its stake in Clarus by 109.9% during the 4th quarter. XTX Topco Ltd now owns 21,405 shares of the company’s stock valued at $72,000 after purchasing an additional 11,206 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Clarus in the fourth quarter valued at about $56,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Clarus in the fourth quarter worth about $77,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Clarus

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.