News articles about Blackline (NASDAQ:BL) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackline earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.2158654894022 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have commented on BL. BidaskClub raised shares of Blackline from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. JMP Securities raised shares of Blackline from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 16th. SunTrust Banks reissued a “buy” rating and set a $42.00 target price on shares of Blackline in a research report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $39.00 target price on shares of Blackline in a research report on Sunday, October 22nd. Finally, Robert W. Baird set a $42.00 target price on shares of Blackline and gave the stock a “buy” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Blackline presently has an average rating of “Buy” and a consensus target price of $38.74.
Blackline (BL) opened at $34.90 on Friday. Blackline has a 1 year low of $26.30 and a 1 year high of $40.28. The company has a market cap of $1,847.50, a P/E ratio of -36.35 and a beta of 3.90.
Blackline (NASDAQ:BL) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.18. Blackline had a negative net margin of 29.53% and a negative return on equity of 8.00%. The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $44.07 million. During the same quarter last year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. equities analysts anticipate that Blackline will post -0.42 earnings per share for the current year.
In other news, CEO Therese Tucker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.31, for a total transaction of $70,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Mario Spanicciati sold 12,750 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $38.17, for a total transaction of $486,667.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,601,875 shares of company stock worth $156,939,066. Insiders own 22.35% of the company’s stock.
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Blackline Company Profile
BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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