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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.

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