Somewhat Positive Press Coverage Somewhat Unlikely to Impact Blackline (BL) Stock Price
Media stories about Blackline (NASDAQ:BL) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackline earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 43.0030099035544 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Analyzing BLACKLINE INC (BL) & Top Image Systems (TISA) (americanbankingnews.com)
- Head to Head Review: BLACKLINE INC (BL) & Its Competitors (americanbankingnews.com)
- Therese Tucker Named Top Woman Leader In SaaS (finance.yahoo.com)
- Insider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock (americanbankingnews.com)
Shares of Blackline (BL) traded up 0.27% during midday trading on Wednesday, reaching $33.20. 24,529 shares of the company’s stock were exchanged. Blackline has a 12 month low of $21.66 and a 12 month high of $40.28. The stock’s market cap is $1.74 billion. The company’s 50 day moving average is $32.57 and its 200-day moving average is $33.33.
Blackline (NASDAQ:BL) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.12. Blackline had a negative return on equity of 6.54% and a negative net margin of 27.89%. The firm had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.45 million. The business’s quarterly revenue was up 45.9% on a year-over-year basis. Equities analysts forecast that Blackline will post ($0.17) EPS for the current fiscal year.
Several equities research analysts have recently weighed in on BL shares. ValuEngine raised shares of Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. JMP Securities started coverage on shares of Blackline in a report on Monday, June 26th. They issued a “market perform” rating on the stock. SunTrust Banks, Inc. started coverage on shares of Blackline in a report on Monday, June 26th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research lowered shares of Blackline from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, BidaskClub raised shares of Blackline from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Blackline has a consensus rating of “Buy” and a consensus target price of $36.67.
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In other news, CEO Therese Tucker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $29.12, for a total transaction of $582,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mario Spanicciati sold 4,250 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $40.00, for a total value of $170,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,750 shares of company stock worth $5,567,331. Company insiders own 22.35% of the company’s stock.
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. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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