ClearOne, Inc. (NASDAQ:CLRO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, September 1st.
CLRO has been the topic of a number of other research reports. Zacks Investment Research cut shares of ClearOne from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. B. Riley restated a “buy” rating and set a $12.50 target price on shares of ClearOne in a research note on Thursday, May 11th.
Shares of ClearOne (CLRO) remained flat at $7.65 during trading on Friday. 13,068 shares of the company were exchanged. ClearOne has a one year low of $7.20 and a one year high of $12.60. The firm’s market capitalization is $65.41 million. The stock has a 50-day moving average price of $8.12 and a 200 day moving average price of $9.60.
ClearOne (NASDAQ:CLRO) last announced its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.07). The business had revenue of $10.31 million for the quarter, compared to the consensus estimate of $12.01 million. ClearOne had a negative net margin of 2.56% and a positive return on equity of 1.83%. On average, equities analysts predict that ClearOne will post $0.12 earnings per share for the current fiscal year.
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In related news, major shareholder Edward D. Bagley purchased 22,195 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $7.57 per share, for a total transaction of $168,016.15. Following the completion of the transaction, the insider now directly owns 1,983,377 shares in the company, valued at $15,014,163.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward D. Bagley purchased 21,037 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $7.59 per share, with a total value of $159,670.83. Following the completion of the transaction, the director now owns 1,854,877 shares of the company’s stock, valued at $14,078,516.43. The disclosure for this purchase can be found here. Insiders acquired a total of 168,500 shares of company stock valued at $1,283,001 over the last 90 days. 9.45% of the stock is currently owned by corporate insiders.
A hedge fund recently bought a new stake in ClearOne stock. Hancock Holding Co. bought a new position in ClearOne, Inc. (NASDAQ:CLRO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,704 shares of the communications equipment provider’s stock, valued at approximately $166,000. Hancock Holding Co. owned 0.19% of ClearOne as of its most recent SEC filing. 17.18% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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