B.Riley FBR Loses Some Confidence in Clearone Communications Inc (NASDAQ:CLRO). Will Other Analysts Follow?

May 16, 2018 - By Richard Conner

ClearOne, Inc. (NASDAQ:CLRO) Logo

Investors sentiment is 0.71 in 2017 Q4. Its the same as in 2017Q3. It has no change, as 1 investors sold ClearOne, Inc. shares while 6 reduced holdings. only 2 funds opened positions while 3 raised stakes. 564,580 shares or 56.76% less from 1.31 million shares in 2017Q3 were reported.

California Pub Employees Retirement owns 25,300 shares. Vanguard Inc holds 0% or 204,622 shares in its portfolio. Royal Financial Bank Of Canada owns 2 shares. Wells Fargo & Mn invested 0% in ClearOne, Inc. (NASDAQ:CLRO). Renaissance Techs Ltd Liability accumulated 0% or 144,100 shares. The Germany-based Deutsche Bank Ag has invested 0% in ClearOne, Inc. (NASDAQ:CLRO). Northern Trust Corporation reported 11,407 shares. 22,687 are held by Dimensional Fund Advsr Lp. Salem Invest Counselors Inc reported 8,156 shares or 0.01% of all its holdings. Earnest Partners Lc holds 3,400 shares. Morgan Stanley has invested 0% in ClearOne, Inc. (NASDAQ:CLRO). Blackrock Incorporated invested in 0% or 20,287 shares. Tower Capital Limited Co (Trc) owns 1,199 shares. Lsv Asset Mgmt invested 0% of its portfolio in ClearOne, Inc. (NASDAQ:CLRO). Geode Mngmt Limited Com has 19,107 shares.

Clearone Communications Inc (NASDAQ:CLRO) Receives a Downgrade

Investment analysts at B.Riley FBR’s equities division lowered the rating for shares of Clearone Communications Inc (NASDAQ:CLRO) to a Hold on Tuesday morning. B.Riley FBR now has a target price per share of $6.0000 on CLRO or approximately 2.58 % more upside.

The stock decreased 0.86% or $0.0507 during the last trading session, reaching $5.8493. About 790 shares traded. ClearOne, Inc. (NASDAQ:CLRO) has declined 29.77% since May 16, 2017 and is downtrending. It has underperformed by 41.32% the S&P500.

ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for audio/voice and visual communications in the United States and internationally. The company has market cap of $48.56 million. The firm 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. It currently has negative earnings. It also provides unified communications audio end points comprising traditional tabletop conferencing phones used in conference rooms and offices; and personal conferencing products that could be used with PCs, laptops, tablets, smartphones, and other portable devices.

More news for ClearOne, Inc. (NASDAQ:CLRO) were recently published by: Prnewswire.com, which released: “ClearOne Awarded New Patent Relating to Audio Distribution Over Local Area Networks by the US Patent and …” on May 15, 2018. Streetinsider.com‘s article titled: “ClearOne (CLRO) Granted New Patent Relating to Audio Distribution Over Local Area Networks” and published on May 15, 2018 is yet another important article.

ClearOne, Inc. (NASDAQ:CLRO) Institutional Positions Chart

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