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ValuEngine upgraded Blackline Inc (NYSE:BL) to Hold in a report released today.

ValuEngine has upgraded Blackline Inc (NYSE:BL) to Hold in a report released on 6/20/2017.

Previously on 5/26/2017, Zacks Investment Research reported about Blackline Inc (NYSE:BL) raised the target price from $0.00 to $39.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Blackline Inc (NYSE:BL) traded -2.28% lower at $36.50. The company’s 50-day moving average is $34.88 and its 200-day moving average is $32.16. The last stock close price is up 5.36% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 881,490 shares of the stock were exchanged, up from an average trading volume of 613,880

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Blackline Inc (NYSE:BL)

Blackline Inc has a 52 week low of $21.66 and a 52 week high of $36.53 The company’s market cap is currently $0.

About Blackline Inc (NYSE:BL)

BlackLine, Inc. is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance. Its platform consists of seven core cloud-based products, including Account Reconciliation, Task Management, Transaction Matching, Journal Entry, Variance Analysis, Consolidation Integrity Manager and Daily Reconciliation. The Company's solutions include Reconciliation Management and Financial Close Management and Insights. It operates through two geographical regions, which include the United States and International. As of December 31, 2016, its software integrated with, and obtained data from, more than 30 various enterprise resource planning (ERP) systems, including NetSuite, Oracle and Workday, as well as many other financial systems and applications.

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