Blackline Inc (NYSE:BL) – Research analysts at William Blair issued their Q3 2016 earnings per share (EPS) estimates for shares of Blackline in a report issued on Tuesday. William Blair analyst B. Suri expects that the brokerage will post earnings of ($0.05) per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Blackline’s Q4 2016 earnings at ($0.20) EPS, FY2016 earnings at ($0.52) EPS, Q1 2017 earnings at ($0.13) EPS, Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.40) EPS and FY2018 earnings at ($0.16) EPS.

Several other equities analysts also recently issued reports on BL. Pacific Crest initiated coverage on shares of Blackline in a report on Tuesday. They set an “overweight” rating and a $31.00 price target for the company. Robert W. Baird initiated coverage on shares of Blackline in a report on Tuesday. They set an “outperform” rating and a $33.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Blackline in a report on Tuesday. They set a “neutral” rating for the company. Goldman Sachs Group Inc. initiated coverage on shares of Blackline in a report on Tuesday. They set a “neutral” rating for the company. Finally, Raymond James Financial Inc. initiated coverage on shares of Blackline in a report on Tuesday. They set an “outperform” rating and a $31.00 price target 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.67.

Earnings History and Estimates for Blackline (NYSE:BL)

Shares of Blackline (NYSE:BL) traded down 0.11% during trading on Thursday, hitting $26.97. 160,566 shares of the stock were exchanged. The stock has a 50-day moving average of $24.65 and a 200 day moving average of $24.65. Blackline has a 12-month low of $21.66 and a 12-month high of $28.50. The stock’s market cap is $1.10 billion.

In related news, major shareholder Iconiq Strategic Partners, L.P acquired 825,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $14,025,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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. 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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