Insider Buying: Aaron Kuehne Buys 2,525 Shares of Black Diamond Stock (BDE)
Black Diamond (NYSE:BDE) CFO Aaron Kuehne bought 2,525 shares of the stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $7.93 per share, with a total value of $20,023.25. Following the purchase, the chief financial officer now directly owns 8,817 shares of the company’s stock, valued at approximately $69,919. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BDE has been the subject of a number of recent research reports. 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, August 14th. 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.11.
Black Diamond (NYSE:BDE) opened at 7.64 on Tuesday. Black Diamond has a 1-year low of $7.50 and a 1-year high of $15.15. The stock’s 50-day moving average is $9.7 and its 200-day moving average is $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. On average, analysts predict that Black Diamond will post $-0.18 earnings per share 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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