BlackLine (NASDAQ:BL) Receives Consensus Rating of "Hold" from Analysts

Key Points

• BlackLine has received a consensus rating of "Hold" from 14 analysts, with two analysts rating it as a sell, seven as hold, and five as buy.
• The average 1-year price target for BlackLine currently stands at $60.58, with recent upgrades from firms like Morgan Stanley, which increased their target from $65 to $68.
• BlackLine reported a 7.2% increase in revenue year-over-year, totaling $172.03 million for the last quarter, alongside an earnings per share of $0.51, slightly above estimates.

Shares of BlackLine (NASDAQ:BL - Get Free Report) have been given a consensus rating of "Hold" by the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $60.5833.

Several research firms recently commented on BL. Weiss Ratings restated a "hold (c)" rating on shares of BlackLine in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on shares of BlackLine from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. JMP Securities restated a "market outperform" rating and issued a $80.00 price target on shares of BlackLine in a research note on Thursday, September 11th. BMO Capital Markets upped their price target on shares of BlackLine from $60.00 to $63.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of BlackLine from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th.

BlackLine Price Performance

Shares of BL opened at $52.29 on Tuesday. The firm has a market capitalization of $3.24 billion, a PE ratio of 40.54, a PEG ratio of 8.17 and a beta of 0.97. The company's 50-day moving average is $52.54 and its 200-day moving average is $52.68. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.64 and a quick ratio of 1.64.

BlackLine (NASDAQ:BL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. BlackLine had a net margin of 13.05% and a return on equity of 15.95%. The business had revenue of $172.03 million for the quarter, compared to the consensus estimate of $170.87 million. During the same period in the prior year, the company posted $0.58 earnings per share. BlackLine's revenue was up 7.2% compared to the same quarter last year. BlackLine has set its FY 2025 guidance at 2.130-2.240 EPS. Q3 2025 guidance at 0.480-0.510 EPS. Equities analysts forecast that BlackLine will post 0.9 EPS for the current year.

Insider Transactions at BlackLine

In other BlackLine news, CAO Michelle D. Stalick sold 664 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $54.03, for a total transaction of $35,875.92. Following the sale, the chief accounting officer directly owned 23,830 shares in the company, valued at $1,287,534.90. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Unterman sold 910 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $55.00, for a total transaction of $50,050.00. Following the sale, the director owned 42,745 shares in the company, valued at $2,350,975. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,484 shares of company stock worth $135,976 over the last quarter. Corporate insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in shares of BlackLine by 3.8% in the third quarter. Blue Trust Inc. now owns 6,901 shares of the technology company's stock worth $366,000 after acquiring an additional 250 shares during the last quarter. CWM LLC raised its holdings in BlackLine by 117.3% in the 3rd quarter. CWM LLC now owns 1,243 shares of the technology company's stock valued at $66,000 after buying an additional 671 shares during the last quarter. Pacer Advisors Inc. raised its holdings in BlackLine by 26.0% in the 3rd quarter. Pacer Advisors Inc. now owns 3,608 shares of the technology company's stock valued at $192,000 after buying an additional 744 shares during the last quarter. Corient Private Wealth LLC bought a new position in BlackLine in the 2nd quarter valued at approximately $232,000. Finally, Osaic Holdings Inc. raised its holdings in BlackLine by 44.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,542 shares of the technology company's stock valued at $87,000 after buying an additional 478 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.

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