BlackLine (BL) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Fourteen brokerages rate BlackLine an average “Hold,” with three sells, six holds and five buys. The average 12-month price target is $39.50, while recent actions included Morgan Stanley lowering its target to $33.
• Quarterly results exceeded expectations: BlackLine reported $0.61 in EPS versus the $0.57 consensus and revenue of $187.82 million, up 9.1% year over year. Management guided to fiscal 2026 EPS of $2.47–$2.54.
• Insiders have recently sold shares, including director Therese Tucker’s $2.24 million sale, while institutional investors own approximately 95.13% of the stock.

BlackLine (NASDAQ:BL - Get Free Report) has earned an average recommendation of "Hold" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $39.50.

Several equities analysts recently commented on BL shares. Weiss Ratings restated a "sell (d+)" rating on shares of BlackLine in a research report on Monday. Scotiabank cut shares of BlackLine to an "outperform" rating in a research note on Tuesday, July 21st. Cantor Fitzgerald restated a "neutral" rating and set a $36.00 price objective on shares of BlackLine in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of BlackLine from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. Finally, Morgan Stanley downgraded BlackLine from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $50.00 to $33.00 in a research report on Tuesday, July 21st.

BlackLine Stock Performance

BlackLine stock opened at $33.81 on Friday. The firm's 50 day simple moving average is $30.33 and its 200 day simple moving average is $33.10. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $1.97 billion, a PE ratio of 59.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57.

BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million during the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, analysts expect that BlackLine will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total value of $26,247.00. Following the transaction, the chief accounting officer owned 34,712 shares in the company, valued at $1,168,058.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Therese Tucker sold 70,000 shares of BlackLine stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the completion of the transaction, the director owned 381,557 shares in the company, valued at approximately $12,194,561.72. The trade was a 15.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 9.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BL. Vise Technologies Inc. bought a new position in BlackLine during the 3rd quarter worth approximately $268,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of BlackLine by 187.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,806 shares of the technology company's stock worth $207,000 after purchasing an additional 5,095 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of BlackLine in the third quarter worth $242,000. Sterling Capital Management LLC increased its stake in shares of BlackLine by 824.0% in the third quarter. Sterling Capital Management LLC now owns 1,617 shares of the technology company's stock worth $43,000 after buying an additional 1,442 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in BlackLine during the 3rd quarter valued at $25,000. 95.13% of the stock is owned by institutional investors.

About BlackLine

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company's products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.

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