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

Key Points

• Analysts have a consensus “Hold” rating on BlackLine, with two sell, eight hold, and five buy recommendations. The average 12-month price target is $40.08, above the reported opening price of $30.53.
• BlackLine exceeded quarterly expectations, reporting adjusted EPS of $0.61 versus a $0.57 consensus estimate and revenue of $187.82 million. Revenue increased 9.1% year over year.
• Shares remain well below their 52-week high of $59.57, while recent insider activity included directors selling shares. Institutional investors own approximately 95.13% of the company.

BlackLine (NASDAQ:BL - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.0833.

BL has been the subject of several recent analyst reports. Piper Sandler cut their price objective on shares of BlackLine from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Rosenblatt Securities decreased their target price on shares of BlackLine from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of BlackLine from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Citigroup cut their price target on shares of BlackLine from $60.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, May 7th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $36.00 price target on shares of BlackLine in a research report on Wednesday, August 5th.

BlackLine Stock Performance

Shares of NASDAQ:BL opened at $30.53 on Monday. The business's 50 day simple moving average is $29.12 and its 200 day simple moving average is $32.85. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.77 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.02 and a beta of 0.64.

BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million during the quarter, compared to analysts' expectations of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, research analysts anticipate that BlackLine will post 0.98 EPS for the current fiscal year.

Insider Activity at BlackLine

In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the sale, the director directly owned 16,692 shares in the company, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Hughes sold 1,637 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director directly owned 7,755 shares in the company, valued at approximately $234,588.75. This represents a 17.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is owned by insiders.

Institutional Trading of BlackLine

Several institutional investors and hedge funds have recently modified their holdings of BL. Measured Wealth Private Client Group LLC bought a new position in BlackLine in the third quarter valued at about $25,000. Kestra Advisory Services LLC acquired a new position in BlackLine during the fourth quarter worth about $28,000. Optiver Holding B.V. lifted its holdings in shares of BlackLine by 13,828.6% in the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company's stock worth $36,000 after acquiring an additional 968 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of BlackLine in the fourth quarter worth about $40,000. Finally, Leonteq Securities AG lifted its holdings in shares of BlackLine by 1,019.6% in the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company's stock worth $40,000 after acquiring an additional 989 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

BlackLine Company Profile

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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