Clearone (NASDAQ:CLRO) had its target price boosted by Singular Research from $4.00 to $6.00 in a research report sent to investors on Thursday morning. The brokerage currently has a long rating on the communications equipment provider’s stock.

Other analysts have also recently issued research reports about the company. ValuEngine raised Clearone from a hold rating to a buy rating in a research report on Saturday, July 28th. B. Riley cut Clearone from a buy rating to a neutral rating and reduced their price target for the stock from $8.50 to $6.00 in a research report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Clearone currently has a consensus rating of Hold and a consensus target price of $6.00.

Shares of NASDAQ:CLRO traded down $0.10 on Thursday, reaching $2.35. The company had a trading volume of 102 shares, compared to its average volume of 9,806. Clearone has a twelve month low of $2.06 and a twelve month high of $9.95.

Clearone (NASDAQ:CLRO) last announced its quarterly earnings results on Thursday, August 9th. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Clearone had a negative return on equity of 9.21% and a negative net margin of 49.58%. The company had revenue of $6.97 million during the quarter.

About Clearone

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.

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