Blackline (BL) Receives Media Impact Score of 0.18
Media coverage about Blackline (NASDAQ:BL) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 0.18 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.7891259426838 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Blackline from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. JMP Securities upgraded shares of Blackline from a “market perform” rating to an “outperform” rating in a report on Thursday, November 16th. KeyCorp restated a “buy” rating and issued a $39.00 target price on shares of Blackline in a report on Sunday, October 22nd. SunTrust Banks restated a “buy” rating and issued a $42.00 target price on shares of Blackline in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lowered shares of Blackline from a “neutral” rating to an “underweight” rating and set a $27.00 price objective for the company. in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $36.78.
Shares of Blackline (NASDAQ:BL) opened at $33.50 on Tuesday. Blackline has a one year low of $26.72 and a one year high of $40.28.
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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