TheStreet upgraded shares of Black Diamond Inc. (NASDAQ:BDE) from a sell rating to a hold rating in a research note published on Monday.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Black Diamond from a hold rating to a strong sell rating in a research report on Thursday, August 4th. DA Davidson raised Black Diamond from a neutral rating to a buy rating and upped their price target for the stock from $4.50 to $6.00 in a research report on Monday, August 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Black Diamond has a consensus rating of Hold and a consensus target price of $5.63.
Shares of Black Diamond (NASDAQ:BDE) opened at 6.10 on Monday. The stock has a 50 day moving average of $5.38 and a 200 day moving average of $4.70. Black Diamond has a 52 week low of $3.85 and a 52 week high of $6.35.
Black Diamond (NASDAQ:BDE) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Black Diamond had a negative return on equity of 1.89% and a negative net margin of 18.77%. The business earned $39.40 million during the quarter, compared to analyst estimates of $37.60 million. During the same period in the previous year, the firm earned $0.08 EPS. Black Diamond’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Black Diamond will post ($0.03) earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Lyon Street Capital LLC bought a new stake in Black Diamond during the second quarter valued at approximately $631,000. Paloma Partners Management Co bought a new stake in Black Diamond during the second quarter valued at approximately $319,000. Alpine Partners VI LLC bought a new stake in Black Diamond during the second quarter valued at approximately $120,000. Laurion Capital Management LP bought a new stake in Black Diamond during the second quarter valued at approximately $268,000. Finally, Ancora Advisors LLC increased its stake in Black Diamond by 28.5% in the second quarter. Ancora Advisors LLC now owns 88,000 shares of the company’s stock valued at $364,000 after buying an additional 19,500 shares during the last quarter. 42.14% of the stock is owned by hedge funds and other institutional investors.
About Black Diamond