BlackLine (BL) Receives a Buy from Oppenheimer
In a report released today, Brian Schwartz from Oppenheimer assigned a Buy rating to BlackLine (BL), with a price target of $130.00. The company’s shares closed last Thursday at $103.65.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 31.3% and a 75.2% success rate. Schwartz covers the Technology sector, focusing on stocks such as Qualtrics International, Bill.com Holdings, and Coupa Software.
BlackLine has an analyst consensus of Moderate Buy, with a price target consensus of $142.86.
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BlackLine’s market cap is currently $6.02B and has a P/E ratio of -129.50. The company has a Price to Book ratio of 92.22.
Based on the recent corporate insider activity of 78 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.