Cantor Fitzgerald Weighs in on BlackLine FY2026 Earnings

BlackLine, Inc. (NASDAQ:BL - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for BlackLine in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet anticipates that the technology company will post earnings of $1.21 per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $58.00 target price on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share.

Other equities research analysts also recently issued reports about the company. Citigroup decreased 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. DA Davidson lowered their target price on shares of BlackLine from $58.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler boosted their price target on shares of BlackLine from $46.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley lowered their price objective on BlackLine from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, BMO Capital Markets dropped their target price 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. 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, BlackLine presently has a consensus rating of "Hold" and an average target price of $60.54.

BlackLine Stock Performance

Shares of NASDAQ BL traded down $1.30 during trading hours on Tuesday, reaching $56.00. The stock had a trading volume of 513,874 shares, compared to its average volume of 757,521. The firm has a 50-day moving average of $50.17 and a 200-day moving average of $54.68. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 10.80 and a beta of 0.94. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25. The company has a current ratio of 2.59, a quick ratio of 2.69 and a debt-to-equity ratio of 2.00.

Insider Activity at BlackLine

In other BlackLine news, CAO Michelle D. Stalick sold 795 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $55.14, for a total transaction of $43,836.30. Following the sale, the chief accounting officer now directly owns 25,235 shares of the company's stock, valued at $1,391,457.90. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Mark Woodhams sold 1,856 shares of the business's stock in a transaction that occurred on 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 directly owns 61,390 shares of the company's stock, valued at approximately $3,354,963.50. This represents a 2.93% decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

Institutional Trading of BlackLine

A number of hedge funds have recently bought and sold shares of BL. HighTower Advisors LLC lifted its stake in shares of BlackLine by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 6,475 shares of the technology company's stock worth $393,000 after purchasing an additional 161 shares during the period. Arizona State Retirement System increased its stake in BlackLine by 1.3% in the fourth quarter. Arizona State Retirement System now owns 15,322 shares of the technology company's stock valued at $931,000 after purchasing an additional 192 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in BlackLine by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,100 shares of the technology company's stock worth $1,525,000 after buying an additional 200 shares during the period. Asset Management One Co. Ltd. boosted its stake in BlackLine by 19.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,266 shares of the technology company's stock worth $77,000 after buying an additional 209 shares during the last quarter. Finally, Covestor Ltd grew its holdings in BlackLine by 20.1% in the 4th quarter. Covestor Ltd now owns 1,672 shares of the technology company's stock valued at $102,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

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.