BlackLine found using ticker (BL) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 163 and 90 with the average target price sitting at 139.9. Now with the previous closing price of 70.48 this is indicating there is a potential upside of 98.5%. There is a 50 day moving average of 90.41 and the 200 day moving average is 108.24. The company has a market cap of $4,235m. Visit the company website at: https://www.blackline.com
The potential market cap would be $8,406m based on the market concensus.
BlackLine provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close management solutions that include account reconciliations providing a centralized workspace from which users can collaborate to complete account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions from different sources of data based upon user-configured logic; task management, which enables users to create and manage processes and task lists; journal entry that allows users to manually or automatically 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 that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. The company also provides cash application that drives end-to-end process from an invoice to cash in the bank. In addition, it offers intercompany workflow that stores permissions by entity and transaction type, ensuring that 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, aggregated settlement matrix, which shows the balance of transactions across an entire organization. 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 founded in 2001 and is headquartered in Woodland Hills, California.
