Shares of Black Diamond, Inc. (NASDAQ:CLAR) have received an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

Brokers have set a one year consensus target price of $8.00 for the company and are predicting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Black Diamond an industry rank of 63 out of 265 based on the ratings given to related companies.

A number of research analysts have recently issued reports on CLAR shares. Zacks Investment Research upgraded shares of Black Diamond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Roth Capital set a $7.00 price target on shares of Black Diamond and gave the stock a “hold” rating in a research report on Wednesday, August 23rd.

Shares of Black Diamond (NASDAQ CLAR) traded up 2.10% during trading on Tuesday, reaching $7.30. 61,266 shares of the company traded hands. The company has a 50 day moving average price of $7.32 and a 200 day moving average price of $6.57. The firm’s market capitalization is $219.09 million. Black Diamond has a 12-month low of $4.75 and a 12-month high of $7.95.

In related news, Director Nicolas Sokolow bought 15,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $6.44 per share, for a total transaction of $101,752.00. Following the transaction, the director now directly owns 65,000 shares of the company’s stock, valued at $418,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 60,425 shares of company stock worth $404,656 in the last 90 days. Corporate insiders own 33.60% of the company’s stock.

An institutional investor recently bought a new position in Black Diamond stock. Nationwide Fund Advisors bought a new position in Black Diamond, Inc. (NASDAQ:CLAR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 56,382 shares of the company’s stock, valued at approximately $423,000. Nationwide Fund Advisors owned approximately 0.19% of Black Diamond at the end of the most recent reporting period. 47.67% of the stock is currently owned by hedge funds and other institutional investors.

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About Black Diamond

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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