Media coverage about Blackline (NYSE:BL) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackline earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.4702197204105 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern’s scoring:
- Zacks: Brokerages Anticipate Blackline Inc (BL) to Post -$0.19 Earnings Per Share (americanbankingnews.com)
- BlackLine, Inc. – Value Analysis (NASDAQ:BL) : August 18, 2017 (finance.yahoo.com)
- Insider Trading Activity Blackline Inc (NYSE:BL) – Insider Sold 10,625 shares of Stock (4-traders.com)
- Blackline Inc (BL) Insider Mario Spanicciati Sells 10,625 Shares (americanbankingnews.com)
Several research analysts have recently weighed in on BL shares. Vetr raised shares of Blackline from a “buy” rating to a “strong-buy” rating and set a $36.70 target price on the stock in a research report on Monday, April 24th. JMP Securities assumed coverage on shares of Blackline in a research report on Monday, June 26th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, August 9th. William Blair reaffirmed an “outperform” rating on shares of Blackline in a research report on Monday, May 8th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Blackline in a research report on Monday, June 26th. They set a “buy” rating and a $43.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.78.
Blackline (NYSE:BL) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. Blackline had a negative net margin of 23.91% and a negative return on equity of 13.96%. The business had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.45 million. Blackline’s quarterly revenue was up 45.9% compared to the same quarter last year. Equities analysts anticipate that Blackline will post ($0.17) earnings per share for the current year.
In related news, insider Mario Spanicciati sold 4,250 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $40.00, for a total value of $170,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 199,250 shares of company stock valued at $6,878,619 over the last three months.
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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. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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