Shares of Blackline Inc (NYSE:BL) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $31.67.

Several equities research analysts recently weighed in on the company. Raymond James Financial Inc. assumed coverage on Blackline in a report on Tuesday, November 22nd. They issued an “outperform” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Blackline in a research note on Tuesday, November 22nd. They issued a “neutral” rating for the company. Robert W. Baird assumed coverage on Blackline in a research note on Tuesday, November 22nd. They issued an “outperform” rating and a $33.00 target price for the company. Goldman Sachs Group Inc. assumed coverage on Blackline in a research note on Tuesday, November 22nd. They issued a “neutral” rating for the company. Finally, Pacific Crest assumed coverage on Blackline in a research note on Tuesday, November 22nd. They issued an “overweight” rating and a $31.00 target price for the company.

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In related news, major shareholder Iconiq Strategic Partners, L.P bought 825,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average price of $17.00 per share, for a total transaction of $14,025,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Blackline (NYSE:BL) opened at 26.84 on Tuesday. The stock has a 50 day moving average price of $24.78 and a 200 day moving average price of $24.78. The firm’s market cap is $1.10 billion. Blackline has a 1-year low of $21.66 and a 1-year high of $28.50.

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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