Cantor Fitzgerald Forecasts Reduced Earnings for BlackLine

Key Points

• Cantor Fitzgerald has reduced its earnings per share (EPS) estimate for BlackLine for FY2025 to $1.07, down from $1.09, while maintaining a "Neutral" rating with a price target of $58.00.
• BlackLine reported $0.51 EPS for the most recent quarter, exceeding estimates, with a year-over-year revenue increase of 7.2% to $172.03 million.
• Despite mixed ratings from various analysts, the average target price for BlackLine's stock stands at $61.29, with two analysts rating it as a sell and seven analysts giving it a buy rating.

BlackLine (NASDAQ:BL - Free Report) - Equities research analysts at Cantor Fitzgerald reduced their FY2025 EPS estimates for BlackLine in a research note issued to investors on Wednesday, August 6th. Cantor Fitzgerald analyst M. Vanvliet now anticipates that the technology company will post earnings per share of $1.07 for the year, down from their previous estimate of $1.09. Cantor Fitzgerald 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. Cantor Fitzgerald also issued estimates for BlackLine's FY2026 earnings at $1.31 EPS.

BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $172.03 million during the quarter, compared to analyst estimates of $170.87 million. BlackLine had a return on equity of 15.98% and a net margin of 13.05%. BlackLine's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS.

Other equities research analysts have also issued reports about the stock. Citigroup reaffirmed a "buy" rating and set a $67.00 price objective (up from $58.00) on shares of BlackLine in a report on Wednesday, July 16th. BMO Capital Markets raised 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. Truist Financial lifted their price target on shares of BlackLine from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, April 17th. Finally, Raymond James Financial raised BlackLine from a "market perform" rating to an "outperform" rating and set a $67.00 target price on the stock in a report on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.29.

BlackLine Trading Down 4.5%

BlackLine stock opened at $52.00 on Thursday. BlackLine has a 12-month low of $40.82 and a 12-month high of $66.25. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 8.99 and a beta of 0.91. The firm has a 50 day moving average of $55.90 and a 200 day moving average of $53.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.59.

Insider Transactions at BlackLine

In other news, CRO Mark Woodhams sold 1,856 shares of the business's 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 sale, the executive 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michelle D. Stalick sold 795 shares of the 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 completion of the sale, the chief accounting officer owned 25,235 shares of the company's stock, valued at $1,391,457.90. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Hedge Funds Weigh In On BlackLine

A number of hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of BlackLine in the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in BlackLine during the second quarter worth approximately $33,000. Quadrant Capital Group LLC increased its stake in BlackLine by 243.5% in the fourth 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 last quarter. Huntington National Bank raised its stake in BlackLine by 57.5% during the 2nd quarter. Huntington National Bank now owns 1,235 shares of the technology company's stock worth $70,000 after acquiring an additional 451 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in BlackLine in the fourth quarter valued at $73,000. 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.

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