Blackline (BL) Given News Impact Score of 0.11
Headlines about Blackline (NASDAQ:BL) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blackline earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 43.8634990483667 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- What’s The Cash Runway For BlackLine Inc (BL)? (finance.yahoo.com)
- Blackline Inc (BL) Receives Buy Rating from Robert W. Baird (americanbankingnews.com)
- BlackLine : BL) Appoints Kevin Thompson to Board (4-traders.com)
- Webster Financial Corporation (WBS) is at $52.05 per share and BlackLine, Inc. (BL) is listed at $34.25 – Stocks Gallery (stocksgallery.com)
- Market Review: Checking the Technicals on Shares of Blackline Inc (BL) – Lockport Press (lockportpress.com)
Blackline (NASDAQ BL) traded down 0.27% during midday trading on Thursday, reaching $33.36. The company’s stock had a trading volume of 42,903 shares. Blackline has a 12 month low of $21.66 and a 12 month high of $36.53. The stock’s 50-day moving average price is $33.96 and its 200-day moving average price is $33.96. The firm’s market capitalization is $1.75 billion.
Blackline (NASDAQ:BL) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. The firm had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.45 million. Blackline had a negative net margin of 27.89% and a negative return on equity of 6.54%. Blackline’s revenue was up 45.9% compared to the same quarter last year. Analysts predict that Blackline will post ($0.17) EPS for the current year.
Several analysts have recently commented on BL shares. Zacks Investment Research cut Blackline from a “buy” rating to a “hold” rating in a report on Monday, July 10th. JMP Securities initiated coverage on Blackline in a report on Monday, June 26th. They issued a “market perform” rating for the company. SunTrust Banks, Inc. initiated coverage on Blackline in a report on Monday, June 26th. They set a “buy” rating and a $43.00 price objective for the company. ValuEngine raised Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BidaskClub raised Blackline from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Blackline presently has a consensus rating of “Buy” and an average price target of $36.67.
In other news, insider Mario Spanicciati sold 4,250 shares of the firm’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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Therese Tucker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $29.12, for a total value of $582,400.00. The disclosure for this sale can be found here. Insiders have sold 170,875 shares of company stock worth $5,675,600 over the last three months. Company insiders own 22.35% of the company’s stock.
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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