BLACKLINE INC (BL) Receiving Somewhat Favorable News Coverage, Report Finds
News headlines about BLACKLINE INC (NASDAQ:BL) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BLACKLINE INC earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 43.8634990483667 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- BlackLine Announces Date for Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Short Interest Moves 24% Higher For BL (thestreet.com)
- Analyzing BLACKLINE INC (BL) & Top Image Systems (TISA) (americanbankingnews.com)
- Insider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock (americanbankingnews.com)
BL has been the subject of several research analyst reports. BidaskClub upgraded BLACKLINE INC from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 14th. JMP Securities initiated coverage on BLACKLINE INC in a research report on Monday, June 26th. They set a “market perform” rating for the company. Zacks Investment Research upgraded BLACKLINE INC from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 9th. Robert W. Baird set a $42.00 price objective on BLACKLINE INC and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, SunTrust Banks, Inc. initiated coverage on BLACKLINE INC in a report on Monday, June 26th. They issued a “buy” rating and a $43.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. BLACKLINE INC currently has a consensus rating of “Buy” and an average price target of $36.67.
BLACKLINE INC (NASDAQ BL) traded up 1.30% during mid-day trading on Friday, hitting $33.63. The company had a trading volume of 70,639 shares. The company’s market capitalization is $1.76 billion. BLACKLINE INC has a 52-week low of $21.66 and a 52-week high of $40.28. The company has a 50-day moving average price of $32.93 and a 200 day moving average price of $33.36.
BLACKLINE INC (NASDAQ:BL) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. BLACKLINE INC had a negative return on equity of 6.54% and a negative net margin of 27.89%. The company had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.45 million. BLACKLINE INC’s revenue for the quarter was up 45.9% compared to the same quarter last year. On average, analysts forecast that BLACKLINE INC will post ($0.17) EPS for the current fiscal year.
In other BLACKLINE INC news, insider Mario Spanicciati sold 10,625 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $33.49, for a total value of $355,831.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Therese Tucker sold 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $29.12, for a total value of $582,400.00. The disclosure for this sale can be found here. Insiders sold a total of 168,750 shares of company stock worth $5,567,331 in the last ninety days. 22.35% of the stock is owned by corporate insiders.
BLACKLINE INC 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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