Climb Global Solutions (NASDAQ:CLMB) Price Target Raised to $136.00

Climb Global Solutions (NASDAQ:CLMB) had its price objective boosted by research analysts at Barrington Research from $90.00 to $136.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s target price would suggest a potential upside of 11.57% from the stock’s previous close.

Climb Global Solutions Stock Up 1.5 %

Shares of CLMB traded up $1.77 during midday trading on Tuesday, reaching $121.90. The company had a trading volume of 9,710 shares, compared to its average volume of 19,449. Climb Global Solutions has a 1-year low of $42.83 and a 1-year high of $124.23. The firm has a 50 day simple moving average of $100.90 and a 200-day simple moving average of $78.15. The stock has a market cap of $561.59 million, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06.

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the 3rd quarter worth approximately $38,000. SG Americas Securities LLC purchased a new stake in shares of Climb Global Solutions in the third quarter valued at about $159,000. Lazard Asset Management LLC grew its holdings in shares of Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after buying an additional 1,319 shares during the last quarter. Rhumbline Advisers increased its position in Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares during the period. Finally, Navellier & Associates Inc. purchased a new stake in Climb Global Solutions during the 3rd quarter valued at approximately $322,000. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.