Media coverage about Blackline (NASDAQ:BL) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackline earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.3192163634188 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Her tech company helped clothe L.A.’s homeless (bizjournals.com)
- Analysts Expect 10% Gains Ahead For The Holdings of IGV (nasdaq.com)
- Blackline Inc (BL) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Short Interest in Blackline Inc (BL) Drops By 32.8% (americanbankingnews.com)
- BlackLine Stock – The Next Great FinTech Play (profitconfidential.com)
BL has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $39.00 price objective on shares of Blackline in a report on Friday, September 22nd. BidaskClub lowered Blackline from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Robert W. Baird set a $42.00 price objective on Blackline and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, JMP Securities raised Blackline from a “market perform” rating to an “outperform” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $38.74.
Blackline (NASDAQ:BL) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.18. The firm had revenue of $45.90 million for the quarter, compared to the consensus estimate of $44.07 million. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. sell-side analysts predict that Blackline will post -0.42 EPS for the current year.
In other news, CEO Therese Tucker sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.31, for a total transaction of $70,620.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Mario Spanicciati sold 12,750 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $38.17, for a total value of $486,667.50. The disclosure for this sale can be found here. In the last three months, insiders sold 4,612,500 shares of company stock worth $157,294,898. 22.35% of the stock is owned by insiders.
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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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