It May Be Time to Sell Shares of Clearone Communications Inc (NASDAQ:CLRO) as B.Riley FBR Has Downgraded The Company

May 16, 2018 - By Linda Rogers

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.

Wells Fargo Mn stated it has 0% of its portfolio in ClearOne, Inc. (NASDAQ:CLRO). Northern Trust Corp invested in 11,407 shares or 0% of the stock. Lsv Asset Mngmt holds 0% of its portfolio in ClearOne, Inc. (NASDAQ:CLRO) for 94,900 shares. Vanguard Grp Inc, Pennsylvania-based fund reported 204,622 shares. 19,107 were reported by Geode Cap Lc. Tower Rech Cap Ltd Limited Liability Company (Trc) holds 1,199 shares. New York-based Morgan Stanley has invested 0% in ClearOne, Inc. (NASDAQ:CLRO). Royal Fincl Bank Of Canada stated it has 0% of its portfolio in ClearOne, Inc. (NASDAQ:CLRO). Salem Inv Counselors Incorporated reported 0.01% in ClearOne, Inc. (NASDAQ:CLRO). Deutsche Bankshares Ag holds 0% or 7,402 shares in its portfolio. Dimensional Fund Advisors Limited Partnership has 22,687 shares for 0% of their portfolio. California Public Employees Retirement Systems accumulated 25,300 shares. Blackrock holds 20,287 shares. Earnest Prtn Limited Co has 0% invested in ClearOne, Inc. (NASDAQ:CLRO). Renaissance Limited accumulated 0% or 144,100 shares.

Clearone Communications Inc (NASDAQ:CLRO) Receives a Downgrade

B.Riley FBR has just cut their rating on shares of Clearone Communications Inc (NASDAQ:CLRO) to a Hold and currently has a $6.0000 target price on the stock. This was issued to clients in a report on 15 May.

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

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

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