Zacks Investment Research downgraded shares of ClearOne Incoprorated (NASDAQ:CLRO) from a hold rating to a sell rating in a report published on Monday.
According to Zacks, “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. “
Several other research firms also recently commented on CLRO. ValuEngine raised shares of ClearOne Incoprorated from a sell rating to a hold rating in a research report on Friday, December 1st. TheStreet downgraded shares of ClearOne Incoprorated from a c- rating to a d+ rating in a report on Friday, November 10th. Finally, B. Riley reissued a buy rating and issued a $8.50 price target on shares of ClearOne Incoprorated in a report on Thursday, November 9th.
ClearOne Incoprorated (NASDAQ:CLRO) remained flat at $$8.45 during trading on Monday. 300 shares of the company were exchanged, compared to its average volume of 2,357. The stock has a market cap of $71.10, a price-to-earnings ratio of -6.21 and a beta of 1.31. ClearOne Incoprorated has a 12 month low of $6.70 and a 12 month high of $12.60.
In other ClearOne Incoprorated news, major shareholder E Bryan Bagley acquired 45,448 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $6.79 per share, for a total transaction of $308,591.92. Following the purchase, the insider now owns 38,602 shares in the company, valued at approximately $262,107.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Edward D. Bagley acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $7.00 per share, with a total value of $2,100,000.00. Following the purchase, the insider now owns 2,334,407 shares in the company, valued at approximately $16,340,849. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 345,466 shares of company stock valued at $2,408,716. Insiders own 9.45% of the company’s stock.
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About ClearOne Incoprorated
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company 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.
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