Zacks Investment Research lowered shares of ClearOne Incoprorated (NASDAQ:CLRO) from a hold rating to a sell rating in a report published on Monday, January 8th.
According to Zacks, “ClearOne, Inc. operates as a provider of audio visual communications. The Company design, develop and sell conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. Its product include video conferencing, professional audio, unified communication, digital signage, microphones, enterprise streaming, residential streaming and media carts. ClearOne, Inc., formerly known as ClearOne Communications, Inc., is based in Salt Lake City, Utah. “
A number of other equities research analysts have also weighed in on CLRO. B. Riley restated a buy rating and set a $8.50 price target on shares of ClearOne Incoprorated in a research note on Thursday, November 9th. TheStreet downgraded ClearOne Incoprorated from a c- rating to a d+ rating in a report on Friday, November 10th. Finally, ValuEngine raised ClearOne Incoprorated from a sell rating to a hold rating in a report on Friday, December 1st.
ClearOne Incoprorated (NASDAQ:CLRO) last posted its earnings results on Wednesday, November 8th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. ClearOne Incoprorated had a positive return on equity of 0.22% and a negative net margin of 26.92%. equities analysts anticipate that ClearOne Incoprorated will post 0.09 EPS for the current year.
In other news, major shareholder Edward D. Bagley purchased 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $7.00 per share, for a total transaction of $2,100,000.00. Following the completion of the transaction, the insider now owns 2,334,407 shares of the company’s stock, valued at $16,340,849. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry Hendricks sold 3,235 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $9.19, for a total value of $29,729.65. Following the sale, the director now owns 17,448 shares of the company’s stock, valued at $160,347.12. The disclosure for this sale can be found here. Insiders bought 345,466 shares of company stock valued at $2,408,716 over the last 90 days. Company insiders own 9.45% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was published by BBNS and is the sole property of of BBNS. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://baseballnewssource.com/markets/clearone-incoprorated-clro-stock-rating-lowered-by-zacks-investment-research/1822983.html.
About ClearOne Incoprorated
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ClearOne Incoprorated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearOne Incoprorated and related companies with MarketBeat.com's FREE daily email newsletter.