BlackLine with ticker code (BL) have now 13 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 87 and 50 calculating the mean target price we have 64.37. Given that the stocks previous close was at 69.74 this now indicates there is a potential downside of -7.7%. There is a 50 day moving average of 66.9 and the 200 moving average now moves to 65.94. The market cap for the company is $4,288m. Company Website: https://www.blackline.com
The potential market cap would be $3,958m based on the market concensus.
BlackLine provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company’s financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany workflow that stores permissions by entity and transaction type thereby ensuring both the initiator and the approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization’s intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine was incorporated in 2001 and is headquartered in Woodland Hills, California.
