Today, Blackline Inc (BL) Receives $31.67 Average Target Price from Analysts

Today, Blackline Inc (BL) Receives $31.67 Average Target Price from Analysts
Shares of Blackline Inc (NYSE:BL) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $31.67.

A number of analysts have recently commented on BL shares. Pacific Crest started coverage on shares of Blackline in a research note on Tuesday. They set an “overweight” rating and a $31.00 target price for the company. Raymond James Financial Inc. started coverage on shares of Blackline in a research note on Tuesday. They set an “outperform” rating and a $31.00 target price for the company. Goldman Sachs Group Inc. started coverage on shares of Blackline in a research note on Tuesday. They set a “neutral” rating for the company. JPMorgan Chase & Co. started coverage on shares of Blackline in a research note on Tuesday. They set a “neutral” rating for the company. Finally, William Blair started coverage on shares of Blackline in a research note on Tuesday. They set an “outperform” rating for the company.

In other Blackline news, major shareholder Iconiq Strategic Partners, L.P acquired 825,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was bought at an average price of $17.00 per share, with a total value of $14,025,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Blackline (NYSE:BL) opened at 26.97 on Tuesday. Blackline has a 52 week low of $21.66 and a 52 week high of $28.50. The firm has a 50-day moving average of $24.65 and a 200 day moving average of $24.65. The company’s market cap is $1.10 billion.

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