Blackline (BL) Receives Daily Media Sentiment Rating of 0.14

News coverage about Blackline (NASDAQ:BL) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. 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 sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.6546633534496 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Blackline (BL) opened at $34.32 on Tuesday. Blackline has a 12-month low of $25.95 and a 12-month high of $40.28. The company has a market capitalization of $1,852.79, a P/E ratio of -35.75 and a beta of 3.90.

Blackline (NASDAQ:BL) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.18. The business had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $44.07 million. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. research analysts expect that Blackline will post -0.42 earnings per share for the current year.

BL has been the topic of several research analyst reports. SunTrust Banks restated a “buy” rating and issued a $42.00 price objective on shares of Blackline in a report on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Blackline in a research note on Sunday, October 22nd. BidaskClub upgraded Blackline from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 14th. JMP Securities upgraded Blackline from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 16th. Finally, Robert W. Baird set a $42.00 price objective on Blackline and gave the stock a “buy” rating in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $38.74.

In related news, major shareholder Sumeru (Gp) L.L.C. Slta sold 2,649,698 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $34.07, for a total transaction of $90,275,210.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mario Spanicciati sold 10,625 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $33.57, for a total value of $356,681.25. The disclosure for this sale can be found here. Insiders have sold 4,601,875 shares of company stock worth $156,939,066 in the last quarter. 22.35% of the stock is currently owned by corporate insiders.

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About Blackline

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.

Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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