BlackLine (NASDAQ:BL) Stock Price Up 8.1% - Still a Buy?

Key Points

• Shares jumped 8.1% to $33.79 on Friday, but trading volume was light at 324,945 shares (down ~73% vs. the average session).
• Analysts are mixed — 5 Buys, 7 Holds and 1 Sell — giving a consensus rating of “Hold” with a consensus target of $54.18 and price targets roughly in the $45–$70 range.
• BlackLine beat EPS estimates ($0.63 vs. $0.58) and revenue rose 8.1% to $183.18M; management guided Q1 FY2026 EPS of $0.44–$0.46 and FY EPS of $2.37–$2.48, though the stock trades at a high P/E (~84) and below its 200‑day moving average.

BlackLine (NASDAQ:BL - Get Free Report) shares shot up 8.1% during trading on Friday . The company traded as high as $33.31 and last traded at $33.79. 324,945 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,197,426 shares. The stock had previously closed at $31.25.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BL shares. Rosenblatt Securities reiterated a "buy" rating and set a $62.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. Citigroup lowered their price target on shares of BlackLine from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. BMO Capital Markets restated a "market perform" rating on shares of BlackLine in a research report on Wednesday, March 18th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $70.00 target price on shares of BlackLine in a report on Tuesday. Finally, DA Davidson decreased their price target on BlackLine from $56.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $54.18.

BlackLine Trading Up 8.1%

The stock has a market cap of $2.01 billion, a P/E ratio of 84.44, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. The stock's 50-day moving average is $34.75 and its two-hundred day moving average is $46.68. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.47.

BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business had revenue of $183.18 million for the quarter, compared to analysts' expectations of $182.98 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Equities research analysts anticipate that BlackLine will post 1.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BL. Measured Wealth Private Client Group LLC bought a new position in BlackLine during the third quarter valued at $25,000. Kestra Advisory Services LLC bought a new stake in BlackLine during the fourth quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of BlackLine by 110.4% in the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company's stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. MAI Capital Management boosted its holdings in shares of BlackLine by 10,000.0% in the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company's stock worth $38,000 after purchasing an additional 700 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in BlackLine during the 4th quarter valued at $40,000. 95.13% of the stock is owned by hedge funds and other institutional investors.

About BlackLine

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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