B. Riley Cuts Clarus (NASDAQ:CLAR) Price Target to $5.00

Clarus (NASDAQ:CLAR) had its target price cut by stock analysts at B. Riley from $5.50 to $5.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 21.65% from the company’s previous close.

Separately, Lake Street Capital reduced their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.33.

Clarus Stock Up 2.2 %

CLAR opened at $4.11 on Monday. Clarus has a twelve month low of $3.89 and a twelve month high of $7.55. The company has a 50-day moving average price of $4.64 and a 200 day moving average price of $4.52. The company has a market cap of $157.67 million, a PE ratio of 31.62 and a beta of 0.82.

Institutional Trading of Clarus

Several large investors have recently bought and sold shares of CLAR. Proficio Capital Partners LLC purchased a new stake in Clarus during the 3rd quarter valued at about $153,000. Empowered Funds LLC grew its stake in Clarus by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock valued at $429,000 after acquiring an additional 4,824 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Clarus during the 3rd quarter valued at about $54,000. Jacobs Levy Equity Management Inc. purchased a new stake in Clarus during the 3rd quarter valued at about $420,000. Finally, Quadrature Capital Ltd purchased a new stake in Clarus during the 3rd quarter valued at about $100,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.