BlackLine (NASDAQ:BL) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for BlackLine (NASDAQ: BL), indicating a stable outlook from the research firm.
• BlackLine's stock has experienced varied ratings from analysts, with five buy ratings, seven hold ratings, and two sell ratings, highlighting diverse opinions on the company's future performance.
• In its latest earnings report, BlackLine achieved a net margin of 13.05% and exceeded analysts' earnings per share estimates, indicating positive financial performance.

BlackLine (NASDAQ:BL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price 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. Zacks Research upgraded BlackLine from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Truist Financial lifted their price objective on BlackLine from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. DA Davidson reiterated a "neutral" rating and issued a $56.00 price objective on shares of BlackLine in a research report on Wednesday, August 6th. Finally, Morgan Stanley lifted their price objective on BlackLine from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, BlackLine presently has an average rating of "Hold" and a consensus price target of $60.58.

BlackLine Price Performance

NASDAQ:BL traded down $0.24 during trading hours on Friday, reaching $52.56. The company had a trading volume of 574,567 shares, compared to its average volume of 748,997. The firm has a market capitalization of $3.25 billion, a PE ratio of 40.74, a PEG ratio of 8.85 and a beta of 0.97. The stock has a 50-day moving average of $52.74 and a two-hundred day moving average of $52.76. BlackLine has a one year low of $40.82 and a one year high of $66.25. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.61.

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

Insider Buying and Selling at BlackLine

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

Institutional Investors Weigh In On BlackLine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in BlackLine by 9.4% in the second quarter. Parkside Financial Bank & Trust now owns 2,618 shares of the technology company's stock valued at $148,000 after purchasing an additional 225 shares during the last quarter. Blue Trust Inc. increased its holdings in BlackLine by 3.8% in the third quarter. Blue Trust Inc. now owns 6,901 shares of the technology company's stock valued at $366,000 after purchasing an additional 250 shares during the last quarter. Xponance Inc. increased its holdings in BlackLine by 6.8% in the first quarter. Xponance Inc. now owns 4,422 shares of the technology company's stock valued at $214,000 after purchasing an additional 280 shares during the last quarter. Victory Capital Management Inc. increased its holdings in BlackLine by 1.6% in the first quarter. Victory Capital Management Inc. now owns 17,967 shares of the technology company's stock valued at $870,000 after purchasing an additional 285 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in BlackLine by 14.1% in the third quarter. Asset Management One Co. Ltd. now owns 2,383 shares of the technology company's stock valued at $127,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

BlackLine Company Profile

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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