Analysts Set Expectations for BlackLine FY2025 Earnings

BlackLine, Inc. (NASDAQ:BL - Free Report) - Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for BlackLine in a report issued on Tuesday, June 3rd. Cantor Fitzgerald analyst M. Vanvliet expects that the technology company will post earnings of $1.09 per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $58.00 price target on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price target on BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a research note on Thursday, April 17th. DA Davidson decreased their target price on BlackLine from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup lowered their price target on BlackLine from $73.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. BMO Capital Markets dropped their price target on BlackLine from $68.00 to $60.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. Finally, Wall Street Zen cut BlackLine from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackLine currently has an average rating of "Hold" and a consensus price target of $60.54.

BlackLine Stock Down 1.5%

Shares of BL traded down $0.87 during midday trading on Thursday, hitting $57.35. The company had a trading volume of 1,410,923 shares, compared to its average volume of 760,285. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 10.80 and a beta of 0.94. The company's 50 day moving average price is $49.85 and its 200 day moving average price is $54.79. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00. BlackLine has a 52 week low of $40.82 and a 52 week high of $66.25.

Insider Buying and Selling

In related news, CAO Michelle D. Stalick sold 795 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $55.14, for a total value of $43,836.30. Following the completion of the sale, the chief accounting officer now owns 25,235 shares of the company's stock, valued at $1,391,457.90. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Mark Woodhams sold 1,856 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total transaction of $101,430.40. Following the completion of the transaction, the executive now owns 61,390 shares of the company's stock, valued at $3,354,963.50. This represents a 2.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

Institutional Trading of BlackLine

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in BlackLine during the fourth quarter worth approximately $31,000. Global Retirement Partners LLC boosted its stake in BlackLine by 568.4% during the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company's stock valued at $32,000 after purchasing an additional 449 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of BlackLine by 243.5% during the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company's stock valued at $35,000 after purchasing an additional 414 shares during the period. Headlands Technologies LLC bought a new stake in shares of BlackLine in the 4th quarter worth $50,000. Finally, Huntington National Bank raised its stake in shares of BlackLine by 596.4% in the 4th quarter. Huntington National Bank now owns 968 shares of the technology company's stock worth $59,000 after buying an additional 829 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

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.