Pacific Crest started coverage on shares of Blackline Inc (NYSE:BL) in a research report report published on Tuesday morning. The brokerage issued an overweight rating and a $31.00 price target on the stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Blackline in a research note on Tuesday. They issued a neutral rating on the stock. Robert W. Baird assumed coverage on shares of Blackline in a research note on Tuesday. They set an outperform rating and a $33.00 price target on the stock. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Blackline in a research note on Tuesday. They set a neutral rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $31.67.

Analyst Recommendations for Blackline (NYSE:BL)

Shares of Blackline (NYSE:BL) opened at 27.00 on Tuesday. Blackline has a 52-week low of $21.66 and a 52-week high of $28.50. The company’s market cap is $1.10 billion. The stock has a 50 day moving average of $24.48 and a 200 day moving average of $24.48.

In other Blackline news, major shareholder Iconiq Strategic Partners, L.P purchased 825,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were bought at an average price of $17.00 per share, for a total transaction of $14,025,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through 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.

5 Day Chart for NYSE:BL

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