BlackLine (NASDAQ:BL - Get Free Report) had its target price hoisted by analysts at BMO Capital Markets from $34.00 to $36.00 in a research note issued to investors on Wednesday. The brokerage currently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price target points to a potential upside of 11.32% from the company's current price.
Other equities research analysts also recently issued reports about the stock. DA Davidson cut their target price on shares of BlackLine from $56.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 11th. Robert W. Baird set a $50.00 price objective on BlackLine in a research note on Wednesday, February 11th. Cantor Fitzgerald cut their price objective on BlackLine from $58.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, February 11th. Morgan Stanley reduced their target price on BlackLine from $68.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $70.00 target price on shares of BlackLine in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $52.27.
Read Our Latest Research Report on BL
BlackLine Trading Down 3.3%
Shares of BlackLine stock opened at $32.34 on Wednesday. BlackLine has a 12-month low of $28.78 and a 12-month high of $59.57. The stock has a market cap of $1.93 billion, a P/E ratio of 80.85, a P/E/G ratio of 2.41 and a beta of 0.69. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The business's 50 day moving average is $34.68 and its 200-day moving average is $46.51.
BlackLine (NASDAQ:BL - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.07 million. During the same period in the previous year, the company earned $0.49 earnings per share. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities research analysts predict that BlackLine will post 1.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of BlackLine during the fourth quarter worth approximately $80,787,000. Engaged Capital LLC increased its stake in shares of BlackLine by 138.8% during the fourth quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company's stock worth $59,913,000 after purchasing an additional 629,825 shares during the period. Teacher Retirement System of Texas lifted its holdings in BlackLine by 5,776.8% during the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company's stock worth $26,300,000 after purchasing an additional 467,571 shares during the last quarter. Potrero Capital Research LLC bought a new stake in BlackLine in the 4th quarter valued at $20,488,000. Finally, First Manhattan CO. LLC. boosted its stake in BlackLine by 16.3% in the 4th quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company's stock valued at $134,278,000 after purchasing an additional 340,606 shares during the period. 95.13% of the stock is owned by institutional investors.
More BlackLine News
Here are the key news stories impacting BlackLine this week:
- Positive Sentiment: Management raised guidance: Q2 EPS view of $0.570–$0.590 (consensus ~$0.520) and FY‑2026 EPS $2.420–$2.530 (consensus ~$2.13); revenue outlook also targets ~$765M–$769M for the year. This upside guidance is likely the biggest supportive driver for the stock. BlackLine Announces First Quarter Financial Results
- Positive Sentiment: Core operating performance showed improvement: operating profit and net income rose year‑over‑year and gross profit increased, indicating better operating leverage despite top‑line pressure. BL Q1 details
- Neutral Sentiment: Company released the full press materials, conference call recording and slide deck for Q1 — useful for investors wanting line‑item detail or management commentary to reconcile GAAP vs adjusted metrics. Press Release / Slide Deck
- Neutral Sentiment: Analyst coverage and institutional moves remain mixed: several price targets well above the current price, and notable portfolio additions and trims by large institutions — adds both liquidity and potential volatility. Analyst & institutional note
- Negative Sentiment: EPS reporting confusion and GAAP shortfall: some outlets (Quiver, MarketBeat) report GAAP diluted EPS well below Street (~$0.13–$0.23 vs. consensus ~ $0.45–$0.46), while Zacks cites an EPS beat ($0.56 vs $0.45), suggesting a large gap between GAAP and adjusted/non‑GAAP numbers — this divergence spooked investors. Quiver EPS miss Zacks adjusted EPS note
- Negative Sentiment: Revenue slightly below some consensus figures: reported revenue (~$183.2M) missed certain consensus (~$186.5M), which, combined with EPS ambiguity, increased downside pressure. Revenue vs est
About BlackLine
(
Get Free Report)
BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company's flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.
Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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