BlackLine (NASDAQ:BL) Stock Has Consensus Price Target of $39.50 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on BlackLine, with three sell, six hold, and five buy ratings. The average 12-month price target is $39.50, compared with the stock’s opening price of $28.13.
• BlackLine’s latest quarterly results exceeded expectations: adjusted earnings were $0.61 per share versus a $0.57 estimate, while revenue rose 9.1% year over year to $187.82 million.
• Recent analyst actions were mixed but generally cautious, including multiple price-target cuts and downgrades. Insiders also sold shares, while institutional investors own approximately 95.13% of the company.

Shares of BlackLine (NASDAQ:BL - Get Free Report) have earned an average rating of "Hold" from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.50.

BL has been the topic of a number of research reports. Piper Sandler lowered their price target on BlackLine from $37.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. DA Davidson lowered BlackLine from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $30.00 to $23.00 in a report on Monday, September 28th. Cantor Fitzgerald restated a "neutral" rating and issued a $36.00 price target on shares of BlackLine in a research report on Wednesday, August 5th. Scotiabank downgraded BlackLine to an "outperform" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $33.00 price objective (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st.

BlackLine Stock Up 2.6%

Shares of NASDAQ BL opened at $28.13 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The firm has a 50-day moving average price of $30.13 and a 200 day moving average price of $30.42. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 49.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.74.

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

Insider Transactions at BlackLine

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

Institutional Investors Weigh In On BlackLine

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in BlackLine by 11.8% during the 3rd quarter. Versant Capital Management Inc now owns 3,722 shares of the technology company's stock valued at $99,000 after buying an additional 392 shares during the last quarter. Cim Investment Management Inc. raised its holdings in shares of BlackLine by 7.4% in the second quarter. Cim Investment Management Inc. now owns 12,525 shares of the technology company's stock worth $352,000 after acquiring an additional 865 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of BlackLine in the second quarter valued at $1,538,000. AXQ Capital LP purchased a new stake in shares of BlackLine in the second quarter valued at $325,000. Finally, Empowered Funds LLC acquired a new stake in shares of BlackLine during the second quarter valued at $220,000. Hedge funds and other institutional investors own 95.13% of the company's stock.

About BlackLine

BlackLine, Inc NASDAQ: BL provides cloud-based software designed to automate and manage critical financial and accounting processes. Its platform helps organizations replace manual, spreadsheet-driven workflows with centralized tools for financial close management, reconciliation, transaction matching, and accounting operations.

The company's offerings include solutions for account reconciliation, journal entry management, intercompany accounting, compliance, and financial reporting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.