Blackline (BL) Given Daily Coverage Optimism Rating of 0.20
News articles about Blackline (NASDAQ:BL) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackline earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.5147555778012 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Blackline Inc (BL) Earns Buy Rating from SunTrust Banks, Inc. (americanbankingnews.com)
- Blackline reports Q3 non-GAAP loss per share $0.01 (timesofindia.indiatimes.com)
- Blackline Inc (BL) Issues Earnings Results (americanbankingnews.com)
- Blackline Inc (BL) Releases Q4 Earnings Guidance (americanbankingnews.com)
- BlackLine, Inc. to Host Earnings Call (finance.yahoo.com)
Blackline (NASDAQ BL) traded down $0.95 during trading hours on Friday, hitting $34.30. The stock had a trading volume of 508,367 shares, compared to its average volume of 172,955.
Blackline (NASDAQ:BL) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.18. Blackline had a negative return on equity of 8.03% and a negative net margin of 29.53%. The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $44.07 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue was up 42.5% compared to the same quarter last year. analysts forecast that Blackline will post -0.42 EPS for the current year.
Several research firms have recently weighed in on BL. Zacks Investment Research cut Blackline from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised Blackline from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. SunTrust Banks, Inc. reissued a “buy” rating and set a $42.00 price target on shares of Blackline in a report on Friday. KeyCorp restated a “buy” rating and issued a $39.00 price objective on shares of Blackline in a research note on Sunday, October 22nd. Finally, Robert W. Baird set a $42.00 price objective on Blackline and gave the stock a “buy” rating in a research note on Sunday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.53.
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In other news, CEO Therese Tucker sold 20,000 shares of Blackline 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 accessible through the SEC website. Also, insider Mario Spanicciati sold 10,625 shares of Blackline stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $29.88, for a total value of $317,475.00. The disclosure for this sale can be found here. Insiders have sold a total of 162,375 shares of company stock worth $5,191,185 in the last quarter. 22.35% of the stock is currently owned by company insiders.
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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