B. Riley restated their buy rating on shares of ClearOne, Inc. (NASDAQ:CLRO) in a report published on Thursday. B. Riley currently has a $8.50 price target on the communications equipment provider’s stock. B. Riley also issued estimates for ClearOne’s Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.12 EPS and Q4 2018 earnings at $0.16 EPS.

Separately, ValuEngine upgraded shares of ClearOne from a sell rating to a hold rating in a research note on Friday, September 1st.

Shares of ClearOne (CLRO) traded down $0.10 during mid-day trading on Thursday, hitting $6.70. 29,300 shares of the stock traded hands, compared to its average volume of 8,542. ClearOne has a 12 month low of $6.70 and a 12 month high of $12.60. The stock has a market cap of $56.50, a price-to-earnings ratio of 223.33 and a beta of 1.36.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). ClearOne had a negative net margin of 26.92% and a positive return on equity of 0.21%. The business had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $12.01 million. equities research analysts expect that ClearOne will post 0.05 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.28 dividend on an annualized basis and a yield of 4.18%. ClearOne’s dividend payout ratio is -20.74%.

In other ClearOne news, major shareholder Edward D. Bagley acquired 19,604 shares of ClearOne stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $7.65 per share, for a total transaction of $149,970.60. Following the purchase, the insider now owns 1,885,816 shares of the company’s stock, valued at $14,426,492.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward D. Bagley acquired 10,000 shares of ClearOne stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $7.68 per share, with a total value of $76,800.00. Following the completion of the purchase, the insider now directly owns 1,870,914 shares in the company, valued at approximately $14,368,619.52. The disclosure for this purchase can be found here. Insiders purchased a total of 215,949 shares of company stock valued at $1,604,300 over the last quarter. 9.45% of the stock is owned by company insiders.

ClearOne Company Profile

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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