BlackLine (NASDAQ:BL) Issues FY 2025 Earnings Guidance

Key Points

• BlackLine updated its FY 2025 earnings guidance, projecting earnings per share of 2.130-2.240, slightly above the consensus estimate of 2.145.
• An increase in analyst price targets for BlackLine has been noted, with Piper Sandler raising its target to $50.00, while Goldman Sachs reduced its target to $43.00 and Morgan Stanley set a target of $65.00.
• BlackLine's stock is currently trading at $54.43, with a market capitalization of $3.39 billion and significant institutional ownership at approximately 95.13%.

BlackLine (NASDAQ:BL - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.130-2.240 for the period, compared to the consensus earnings per share estimate of 2.145. The company issued revenue guidance of $696.0 million-$795.0 million, compared to the consensus revenue estimate of $698.4 million. BlackLine also updated its Q3 2025 guidance to 0.480-0.510 EPS.

Analyst Ratings Changes

A number of research firms have commented on BL. DA Davidson began coverage on shares of BlackLine in a report on Wednesday. They issued a "neutral" rating and a $56.00 price objective for the company. Citigroup reaffirmed a "buy" rating and issued a $67.00 price objective (up previously from $58.00) on shares of BlackLine in a report on Wednesday, July 16th. Cantor Fitzgerald initiated coverage on BlackLine in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $58.00 target price on the stock. BMO Capital Markets raised their target price on BlackLine from $60.00 to $63.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Raymond James Financial upgraded BlackLine from a "market perform" rating to an "outperform" rating and set a $67.00 target price on the stock in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, BlackLine presently has a consensus rating of "Hold" and an average price target of $61.08.

BlackLine Stock Performance

Shares of NASDAQ BL traded down $2.15 during midday trading on Friday, reaching $48.35. 995,655 shares of the company traded hands, compared to its average volume of 680,524. BlackLine has a 52 week low of $40.82 and a 52 week high of $66.25. The stock has a 50-day moving average price of $55.66 and a 200 day moving average price of $52.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.64 and a quick ratio of 1.66. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 6.66 and a beta of 0.91.

BlackLine (NASDAQ:BL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $170.87 million. During the same period in the previous year, the business earned $0.58 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that BlackLine will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at BlackLine

In related news, CRO Mark Woodhams sold 1,856 shares of BlackLine stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $54.65, for a total transaction of $101,430.40. Following the transaction, the executive directly owned 61,390 shares of the company's stock, valued at $3,354,963.50. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michelle D. Stalick sold 795 shares of BlackLine stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $55.14, for a total value of $43,836.30. Following the transaction, the chief accounting officer directly owned 25,235 shares in the company, valued at approximately $1,391,457.90. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackLine

A number of institutional investors have recently bought and sold shares of BL. Strs Ohio purchased a new position in BlackLine during the 1st quarter valued at about $82,000. Intech Investment Management LLC grew its stake in BlackLine by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company's stock valued at $1,253,000 after acquiring an additional 5,682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company's stock valued at $1,679,000 after acquiring an additional 1,814 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BlackLine by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company's stock valued at $7,978,000 after acquiring an additional 7,228 shares in the last quarter. Hedge funds and other 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.