Black Diamond CFO Purchases $20,023 in Stock (BDE)
Black Diamond (NYSE:BDE) CFO Aaron Kuehne bought 2,525 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $7.93 per share, for a total transaction of $20,023.25. Following the purchase, the chief financial officer now directly owns 8,817 shares in the company, valued at approximately $69,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Black Diamond (NYSE:BDE) traded down 3.29% during mid-day trading on Monday, hitting $7.64. The stock had a trading volume of 424,372 shares. Black Diamond has a 52 week low of $7.50 and a 52 week high of $15.15. The stock has a 50-day moving average of $9.7 and a 200-day moving average of $10.79. The company’s market cap is $248.7 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 $-0.18 EPS for the current fiscal year.
A number of research firms have recently commented on BDE. Analysts at Zacks downgraded shares of Black Diamond from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $7.50 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Black Diamond to a “market perform” rating in a research note on Thursday. Finally, analysts at Roth Capital reiterated a “neutral” rating on shares of Black Diamond in a research note on Wednesday, August 13th. They now have a $8.50 price target on the stock, down previously from $10.00. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.11.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.