BlackLine (BL) Gets a Hold Rating from Raymond James
Raymond James analyst Brian Peterson maintained a Hold rating on BlackLine (BL) yesterday. The company’s shares closed last Thursday at $150.37, close to its 52-week high of $154.61.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 37.8% and a 80.6% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Manhattan Associates, and Upland Software.
Currently, the analyst consensus on BlackLine is a Moderate Buy with an average price target of $149.33.
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The company has a one-year high of $154.61 and a one-year low of $38.32. Currently, BlackLine has an average volume of 491K.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BL in relation to earlier this year.
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BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.