Blackline Inc (BL) Receives Average Rating of “Buy” from Brokerages

Shares of Blackline Inc (NYSE:BL) have received an average rating of “Buy” from the eight brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $33.34.

BL has been the subject of several research analyst reports. Vetr cut Blackline from a “strong-buy” rating to a “buy” rating and set a $35.26 price target for the company. in a report on Tuesday, April 18th. Zacks Investment Research upgraded Blackline from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 1st. William Blair restated an “outperform” rating on shares of Blackline in a report on Friday, February 24th. Finally, Robert W. Baird initiated coverage on Blackline in a report on Tuesday, February 28th. They set an “outperform” rating and a $33.00 price target for the company.

COPYRIGHT VIOLATION WARNING: “Blackline Inc (BL) Receives Average Rating of “Buy” from Brokerages” was originally published by Mideast Time and is the property of of Mideast Time. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.mideasttime.com/blackline-inc-bl-receives-average-rating-of-buy-from-brokerages/1708293.html.

Several institutional investors have recently made changes to their positions in BL. State Street Corp bought a new position in shares of Blackline during the fourth quarter worth approximately $2,968,000. Columbia Wanger Asset Management LLC bought a new position in shares of Blackline during the fourth quarter worth approximately $7,368,000. Federated Investors Inc. PA bought a new position in shares of Blackline during the fourth quarter worth approximately $2,763,000. Redmond Asset Management LLC bought a new position in shares of Blackline during the fourth quarter worth approximately $468,000. Finally, Silver Lake Group L.L.C. bought a new position in shares of Blackline during the fourth quarter worth approximately $530,318,000.

Shares of Blackline (NYSE:BL) traded up 1.96% during mid-day trading on Friday, reaching $32.33. The company’s stock had a trading volume of 161,819 shares. The stock’s market capitalization is $1.66 billion. Blackline has a 12-month low of $21.66 and a 12-month high of $33.71. The company’s 50-day moving average price is $31.52 and its 200-day moving average price is $28.14.

Blackline (NYSE:BL) last released its quarterly earnings results on Thursday, February 23rd. The technology company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The firm had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $34.13 million. The business’s revenue was up 46.5% on a year-over-year basis. On average, equities research analysts forecast that Blackline will post ($0.28) earnings per share for the current fiscal year.

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.

5 Day Chart for NYSE:BL

Receive News & Ratings for Blackline Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackline Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.