Casella Waste Systems, Inc. (CWST) At $24.56 Forms Top; Shorts at Blackline (BL) Raised By 27.92%

May 18, 2018 - By Peter Erickson

Casella Waste Systems, Inc. (NASDAQ:CWST) Logo

Casella Waste Systems, Inc. (CWST) formed multiple top with $25.54 target or 4.00% above today’s $24.56 share price. Casella Waste Systems, Inc. (CWST) has $1.05B valuation. The stock increased 0.57% or $0.14 during the last trading session, reaching $24.56. About 194,932 shares traded. Casella Waste Systems, Inc. (NASDAQ:CWST) has risen 69.52% since May 18, 2017 and is uptrending. It has outperformed by 57.97% the S&P500.

Blackline Inc (NASDAQ:BL) had an increase of 27.92% in short interest. BL’s SI was 1.39 million shares in May as released by FINRA. Its up 27.92% from 1.09 million shares previously. With 857,800 avg volume, 2 days are for Blackline Inc (NASDAQ:BL)’s short sellers to cover BL’s short positions. The SI to Blackline Inc’s float is 3.81%. The stock decreased 0.33% or $0.13 during the last trading session, reaching $39.52. About 171,837 shares traded. BlackLine, Inc. (NASDAQ:BL) has risen 35.71% since May 18, 2017 and is uptrending. It has outperformed by 24.16% the S&P500.

More notable recent BlackLine, Inc. (NASDAQ:BL) news were published by: Seekingalpha.com which released: “Billion-Dollar Unicorns: BlackLine Striking Powerful Partnerships” on May 13, 2018, also Seekingalpha.com with their article: “BlackLine: Certain To Stumble” published on May 07, 2018, Globenewswire.com published: “BlackLine Announces Participation in Upcoming Investor Conferences” on May 07, 2018. More interesting news about BlackLine, Inc. (NASDAQ:BL) were released by: Globenewswire.com and their article: “Blackline Announces First Quarter Financial Results” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Blackline’s (BL) CEO Therese Tucker on Q1 2018 Results – Earnings Call Transcript” with publication date: May 05, 2018.

Among 7 analysts covering BlackLine (NASDAQ:BL), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. BlackLine had 8 analyst reports since November 22, 2016 according to SRatingsIntel. The company was initiated on Tuesday, November 22 by Pacific Crest. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, November 22. Goldman Sachs initiated the stock with “Neutral” rating in Tuesday, November 22 report. The firm has “Overweight” rating given on Friday, November 17 by KeyBanc Capital Markets. The firm has “Outperform” rating by Raymond James given on Tuesday, November 22. On Thursday, November 16 the stock rating was upgraded by JMP Securities to “Market Outperform”. The firm has “Neutral” rating by JP Morgan given on Tuesday, November 22.

BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. The company has market cap of $2.11 billion. The Company’s solutions enables its clients to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. It currently has negative earnings. The companyÂ’s solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow.

Analysts await Casella Waste Systems, Inc. (NASDAQ:CWST) to report earnings on August, 1. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year’s $0.25 per share. CWST’s profit will be $11.09 million for 23.62 P/E if the $0.26 EPS becomes a reality.

Among 9 analysts covering Casella Waste Systems Inc. (NASDAQ:CWST), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Casella Waste Systems Inc. has $25 highest and $7 lowest target. $15.36’s average target is -37.46% below currents $24.56 stock price. Casella Waste Systems Inc. had 18 analyst reports since August 21, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Buy” rating in Thursday, September 3 report. The stock of Casella Waste Systems, Inc. (NASDAQ:CWST) earned “Hold” rating by Stifel Nicolaus on Friday, November 3. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, July 18. Stifel Nicolaus upgraded Casella Waste Systems, Inc. (NASDAQ:CWST) on Wednesday, January 24 to “Buy” rating. First Analysis maintained it with “Overweight” rating and $9 target in Friday, June 17 report. As per Monday, August 28, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus downgraded Casella Waste Systems, Inc. (NASDAQ:CWST) on Wednesday, October 4 to “Hold” rating. The stock of Casella Waste Systems, Inc. (NASDAQ:CWST) earned “Strong Buy” rating by Raymond James on Tuesday, January 26. As per Wednesday, August 19, the company rating was downgraded by Zacks. On Thursday, January 4 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Since December 12, 2017, it had 0 insider purchases, and 19 selling transactions for $6.18 million activity. Another trade for 21,332 shares valued at $503,913 was sold by CASELLA DOUGLAS R. The insider PETERS GREGORY B sold $100,104. Coletta Edmond had sold 25,000 shares worth $582,185. $207,539 worth of Casella Waste Systems, Inc. (NASDAQ:CWST) was sold by CASELLA JOHN W. Johnson Edwin D had sold 10,919 shares worth $289,111 on Tuesday, February 27. On Wednesday, December 13 the insider CALLAHAN JAMES F JR sold $315,000. 3,108 Casella Waste Systems, Inc. (NASDAQ:CWST) shares with value of $82,458 were sold by SCHMITT DAVID L.

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.12, from 0.98 in 2017Q3. It increased, as 18 investors sold Casella Waste Systems, Inc. shares while 40 reduced holdings. 29 funds opened positions while 35 raised stakes. 31.20 million shares or 3.84% less from 32.45 million shares in 2017Q3 were reported. Wells Fargo & Mn reported 0% stake. Aperio Grp Inc Limited Liability Corp reported 10,038 shares stake. Usa Portformulas, a Michigan-based fund reported 18,624 shares. Metropolitan Life Ins Ny, New York-based fund reported 12,983 shares. Buckhead Capital Mgmt Ltd holds 81,565 shares. Dimensional Fund Lp reported 2.05 million shares. Tudor Invest Et Al owns 24,418 shares or 0.01% of their US portfolio. Walleye Trading stated it has 20,436 shares or 0% of all its holdings. Moreover, Weber Alan W has 0.15% invested in Casella Waste Systems, Inc. (NASDAQ:CWST) for 15,000 shares. Thompson Siegel And Walmsley Lc owns 611,434 shares. Commercial Bank Of America Corp De invested in 0% or 106,196 shares. Ameritas Prns Incorporated accumulated 3,332 shares. 4,900 are owned by Arcadia Mgmt Corp Mi. Fny Managed Accounts Limited Liability has invested 0% in Casella Waste Systems, Inc. (NASDAQ:CWST). Fenimore Asset Mgmt accumulated 195,677 shares or 0.17% of the stock.

Casella Waste Systems, Inc. (NASDAQ:CWST) Institutional Positions Chart

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