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

Climb Global Solutions (NASDAQ:CLMB) had its target price boosted by Barrington Research from $90.00 to $136.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock. Barrington Research also issued estimates for Climb Global Solutions’ Q4 2024 earnings at $1.12 EPS, FY2024 earnings at $4.14 EPS and FY2025 earnings at $4.55 EPS.

Climb Global Solutions Stock Down 0.3 %

CLMB opened at $121.21 on Tuesday. The stock has a market capitalization of $558.78 million, a price-to-earnings ratio of 32.85, a P/E/G ratio of 1.84 and a beta of 1.06. Climb Global Solutions has a twelve month low of $45.79 and a twelve month high of $124.50. The company has a 50-day simple moving average of $102.72 and a 200 day simple moving average of $79.12.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. Climb Global Solutions’s dividend payout ratio (DPR) is 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after purchasing an additional 7,447 shares during the last quarter. Choreo LLC acquired a new position in Climb Global Solutions during the second quarter worth about $4,491,000. Pinnacle Associates Ltd. raised its stake in Climb Global Solutions by 66.8% during the third quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,298 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Climb Global Solutions in the third quarter worth about $159,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Climb Global Solutions in the 3rd quarter valued at approximately $38,000. 49.72% of the stock is currently owned by institutional investors.

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.