Media coverage about Blackline (NYSE:BL) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackline earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.4874085682871 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

BL has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, May 10th. ValuEngine raised shares of Blackline from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. 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 report on Monday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Blackline in a report on Monday, May 8th. Finally, SunTrust Banks, Inc. initiated 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. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Blackline has a consensus rating of “Buy” and a consensus target price of $35.62.

Blackline (NYSE:BL) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. The business had revenue of $42.30 million for the quarter, compared to analyst estimates of $41.45 million. Blackline had a negative return on equity of 12.55% and a negative net margin of 23.32%. The firm’s quarterly revenue was up 45.9% on a year-over-year basis.

In other Blackline news, insider Mario Spanicciati sold 25,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $33.98, for a total value of $849,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have sold 178,000 shares of company stock worth $6,239,100.

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About Blackline

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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