Barrington analyst Vincent Colicchio assigned a Buy rating to Climb Global Solutions (CLMB – Research Report) today and set a price target of $48.00. The company’s shares closed yesterday at $40.22.
Colicchio covers the Technology sector, focusing on stocks such as Climb Global Solutions, Alithya Group, and Forrester Research. According to TipRanks, Colicchio has an average return of 10.5% and a 56.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Climb Global Solutions with a $48.00 average price target.
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Based on Climb Global Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $81.73 million and a net profit of $1.38 million. In comparison, last year the company earned a revenue of $67.86 million and had a net profit of $2.79 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLMB in relation to earlier this year.
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Wayside Technology Group, Inc. is an information technology channel company, which engages in the distribution of software developed by others through resellers indirectly to customers. It also resells computer software and hardware developed by others and provide technical services directly to customers. The company operates through the Lifeboat Distribution and TechXtend segments. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants, and systems integrators. The TechXtend segment resells software, hardware, and services for corporations, government organizations, and academic institutions. Wayside Technology Group was founded by Edwin Huffman Morgens in 1982 and is headquartered in Shrewsbury, NJ.
Read More on CLMB:
- Climb Global Solutions to Participate at the H.C. Wainwright Global Investment Conference on September 11
- Climb Global management to meet with Barrington
- Climb Channel, OffSec join forces in exclusive partnership
- Climb Global announces SmartBear approved its OMNIA Partners/NCPA contract
- Climb Global price target lowered to $48 from $60 at Barrington
