Blackline (NASDAQ:BL) Target Raised by Goldman Sachs Group Inc to $71.00

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Blackline stock has undergone multiple analysts rating changes in the recent past.  Blackline stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $71.00. The analysts previously had $54.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of -11.37% from the stock’s previous close.

Shares of Blackline traded up $1.03 on Monday, reaching $82.77. 412328 shares of the stock traded hands, compared to its average volume of 598426. Shares of were trading at $82.77 on Monday. The firm’s 50 day moving average is $69.55 and its 200 day moving average is 57.64.Blackline  has a 12 month low of $79.72 and a 12 month high of $84.99. While on yearly highs and lows, Blackline today has traded high as $83.46 and has touched $79.72 on the downward trend.

Blackline Earnings and What to expect: 

Blackline last announced its quarterly earnings data on April 30th, 2020. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $82.60 million for the quarter, compared to analyst estimates of $79.54 million. Its quarterly revenue was up 28.9% on a year-over-year basis. Blackline has generated ($0.25) earnings per share over the last year. Blackline has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 6th, 2020 based off prior year’s report dates.

Earnings for Blackline are expected to remain at ($0.28) per share in the coming year. The P/E ratio of Blackline is -126.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Blackline is -126.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Blackline has a P/B Ratio of 11.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 13.44%
  • On 6/18/2020 CFO Mark Partin Sell 10,000 at average share price of $80.90 which equates to $809,000.00 in money value.
  • On 5/22/2020 Director Graham Smith Sell 1,264 at average price of  $69.37 with total value of : Not Data Available
  • On 5/22/2020 COO Marc Huffman Sell 686 at average price of  $67.85 with total value of : $46,545.10
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Blackline

  • 6/25/2020 – Blackline was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. ()
  • 6/20/2020 – Blackline was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating. ()
  • 6/18/2020 – Blackline had its price target raised by analysts at Robert W. Baird from $70.00 to $90.00. They now have an “outperform” rating on the stock. ()
  • 6/9/2020 – Blackline was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

Blackline (NASDAQ:BL) Moving Average Technical Analysis

5 day Moving Average is $82.32 And 5 day price change is 0.49 (0.006)  with average volume for 5 day average is 692,450. While technical analysis for average 20 days shows significant difference, 20 day moving average is  78.44 and 20 day price change is 5.16 (0.0666) and average 20 day moving volume is 586,343. 50 day moving average is 69.55  and 50 day price change is 23.95 ( 0.4084)  and with average volume for 50 days is : 569,847. 200 day moving average is 57.64  and 200 day price change is 30.74 (0.5927)  and with average volume for 200 days is : 527,591.

See More Analyst Rating at: RATING