Blackline Inc (BL) Now Covered by Analysts at JPMorgan Chase & Co.
Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird initiated coverage on shares of Blackline in a research report on Tuesday. They issued an outperform rating and a $33.00 price objective for the company. Goldman Sachs Group Inc. initiated coverage on shares of Blackline in a research report on Tuesday. They issued a neutral rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $31.67.
Shares of Blackline (NYSE:BL) opened at 27.00 on Tuesday. Blackline has a 12-month low of $21.66 and a 12-month high of $28.50. The firm’s market cap is $1.10 billion. The stock’s 50 day moving average is $24.48 and its 200-day moving average is $24.48.
In other Blackline news, major shareholder Iconiq Strategic Partners, L.P bought 825,000 shares of Blackline stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average price of $17.00 per share, with a total value of $14,025,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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. The Company’s platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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