Today, Blackline Inc (BL) to Post Q3 2016 Earnings of ($0.05) Per Share, William Blair Forecasts

Today, Blackline Inc (BL) to Post Q3 2016 Earnings of ($0.05) Per Share, William Blair Forecasts

Blackline Inc (NYSE:BL) – William Blair issued their Q3 2016 EPS estimates for shares of Blackline in a research note issued to investors on Tuesday. William Blair analyst B. Suri expects that the firm will post earnings per share of ($0.05) for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Blackline’s Q4 2016 earnings at ($0.20) EPS, FY2016 earnings at ($0.52) EPS, Q1 2017 earnings at ($0.13) EPS, Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.40) EPS and FY2018 earnings at ($0.16) EPS.

A number of other equities analysts have also issued reports on BL. Raymond James Financial Inc. began coverage on Blackline in a research note on Tuesday. They set an “outperform” rating and a $31.00 price target for the company. JPMorgan Chase & Co. began coverage on Blackline in a research note on Tuesday. They set a “neutral” rating for the company. Robert W. Baird began coverage on Blackline in a research note on Tuesday. They set an “outperform” rating and a $33.00 price target for the company. Goldman Sachs Group Inc. began coverage on Blackline in a research note on Tuesday. They set a “neutral” rating for the company. Finally, Pacific Crest began coverage on Blackline in a research note on Tuesday. They set an “overweight” rating and a $31.00 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.67.

Shares of Blackline (NYSE:BL) opened at 26.84 on Thursday. The firm’s 50-day moving average price is $24.78 and its 200-day moving average price is $24.78. The stock’s market cap is $1.10 billion. Blackline has a 52-week low of $21.66 and a 52-week high of $28.50.

In related news, major shareholder Iconiq Strategic Partners, L.P acquired 825,000 shares of Blackline stock in a transaction dated Wednesday, November 2nd. The stock was acquired at an average cost of $17.00 per share, with a total value of $14,025,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Blackline Company Profile

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