Notable Runner: Clearone Inc (NASDAQ:CLRO) Institutional Investors Sentiment Change

November 18, 2016 - By Dolores Ford   ·   0 Comments

Notable Runner: Clearone Inc (NASDAQ:CLRO) Institutional Investors Sentiment Change

Sentiment for Clearone Inc (NASDAQ:CLRO)

Clearone Inc (NASDAQ:CLRO) institutional sentiment increased to 1.8 in 2016 Q2. Its up 1.50, from 0.3 in 2016Q1. The ratio improved, as 3 hedge funds opened new and increased stock positions, while 10 decreased and sold holdings in Clearone Inc. The hedge funds in our partner’s database now have: 1.64 million shares, down from 1.92 million shares in 2016Q1. Also, the number of hedge funds holding Clearone Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 5 Increased: 3 New Position: 0.

ClearOne, Inc. is a global firm that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The company has a market cap of $97.13 million. The Firm 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. It has a 20.24 P/E ratio. The Company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers.

The stock closed at $10.95 during the last session. It is down 2.52% since April 18, 2016 and is uptrending. It has underperformed by 1.91% the S&P500.

According to Zacks Investment Research, “ClearOne, Inc. operates as a provider of audio visual communications. The Company design, develop and sell conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. Its product include video conferencing, professional audio, unified communication, digital signage, microphones, enterprise streaming, residential streaming and media carts. ClearOne, Inc., formerly known as ClearOne Communications, Inc., is based in Salt Lake City, Utah.”

Eagle Global Advisors Llc holds 0.02% of its portfolio in ClearOne Incoprorated for 54,989 shares. Blackrock Fund Advisors owns 18,086 shares or 0% of their US portfolio. Moreover, Blackrock Investment Management Llc has 0% invested in the company for 1,126 shares. The California-based California Public Employees Retirement System has invested 0% in the stock. Earnest Partners Llc, a Georgia-based fund reported 3,400 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 2 selling transactions for $448,395 net activity.

ClearOne Incoprorated (NASDAQ:CLRO) Ratings Coverage

Ratings analysis reveals 100% of ClearOne Inc’s analysts are positive. Out of 2 Wall Street analysts rating ClearOne Inc, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $14 while the high is $14.50. The stock’s average target of $14.25 is 30.14% above today’s ($10.95) share price. CLRO was included in 3 notes of analysts from August 7, 2015. The firm has “Buy” rating given on Monday, March 14 by B. RIley.

CLRO Company Profile

ClearOne, Inc. (ClearOne), incorporated in July 8, 1983, is a global firm that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Firm 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. The Company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers. The Firm sells its commercial products to end users primarily through a network of independent distributors, who in turn sells its products to dealers, systems integrators and other resellers. The Company’s products are categorized into the Professional audio communication products; Unified communications audio end points, and Visual communication products.

Another recent and important ClearOne Incoprorated (NASDAQ:CLRO) news was published by Prnewswire.com which published an article titled: “ClearOne Announces Distribution Agreement with National Source AV in Canada” on November 10, 2016.

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By Dolores Ford


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