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Investment analysts at Needham & Company LLC decreased their target price on shares of Black Diamond (NYSE:BDE) from $15.00 to $10.00 in a note issued to investors on Tuesday. Needham & Company LLC’s price target would suggest a potential upside of 12.74% from the company’s current price.

A number of other firms have also recently commented on BDE. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Black Diamond in a research note on Tuesday. They now have a $12.00 price target on the stock, down previously from $17.00. Separately, analysts at Oppenheimer cut their price target on shares of Black Diamond from $14.00 to $12.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Piper Jaffray downgraded shares of Black Diamond from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $8.00 price target on the stock, down previously from $13.00. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Black Diamond has a consensus rating of “Buy” and a consensus target price of $14.25.

Shares of Black Diamond (NYSE:BDE) traded down 9.70% on Tuesday, hitting $8.01. The stock had a trading volume of 371,602 shares. Black Diamond has a 52 week low of $8.39 and a 52 week high of $15.15. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $10.92. The company’s market cap is $260.3 million.

Black Diamond (NYSE:BDE) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $34.40 million for the quarter, compared to the consensus estimate of $43.65 million. During the same quarter last year, the company posted ($0.01) earnings per share. Black Diamond’s revenue was up 17.8% compared to the same quarter last year. Analysts expect that Black Diamond will post $-0.11 EPS for the current fiscal year.

Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, incorporated in 1991, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.

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