DA Davidson Predicts BlackLine's Q2 Earnings (NASDAQ:BL)

BlackLine (NASDAQ:BL - Free Report) - DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for BlackLine in a research report issued to clients and investors on Tuesday, July 22nd. DA Davidson analyst G. Luria expects that the technology company will post earnings per share of $0.21 for the quarter. DA Davidson has a "Strong-Buy" rating on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share. DA Davidson also issued estimates for BlackLine's FY2025 earnings at $0.96 EPS and FY2026 earnings at $0.92 EPS.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of BlackLine from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen cut shares of BlackLine from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Truist Financial increased their price objective 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 lowered their target price on BlackLine from $51.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Finally, Cantor Fitzgerald started coverage on BlackLine in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $58.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, BlackLine currently has an average rating of "Hold" and a consensus price target of $60.31.

BlackLine Price Performance

BL traded down $0.51 during midday trading on Thursday, hitting $56.00. 422,108 shares of the company traded hands, compared to its average volume of 574,420. The business has a 50 day simple moving average of $55.98 and a two-hundred day simple moving average of $53.28. BlackLine has a 52-week low of $40.82 and a 52-week high of $66.25. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 9.25 and a beta of 0.93. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.59.

Insiders Place Their Bets

In other news, CAO Michelle D. Stalick sold 795 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 25,235 shares of the company's stock, valued at approximately $1,391,457.90. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Mark Woodhams sold 1,856 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $54.65, for a total transaction of $101,430.40. Following the sale, the executive owned 61,390 shares in the company, valued at approximately $3,354,963.50. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BL. HighTower Advisors LLC increased its holdings in shares of BlackLine by 2.5% in the 4th quarter. HighTower Advisors LLC now owns 6,475 shares of the technology company's stock valued at $393,000 after acquiring an additional 161 shares during the last quarter. Corient Private Wealth LLC purchased a new position in BlackLine in the fourth quarter valued at approximately $254,000. Xponance Inc. raised its holdings in BlackLine by 9.2% during the fourth quarter. Xponance Inc. now owns 4,142 shares of the technology company's stock worth $252,000 after purchasing an additional 350 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of BlackLine by 87.2% in the 4th quarter. Teacher Retirement System of Texas now owns 11,740 shares of the technology company's stock valued at $713,000 after buying an additional 5,467 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of BlackLine by 12,538.0% in the 4th quarter. American Century Companies Inc. now owns 896,665 shares of the technology company's stock valued at $54,481,000 after buying an additional 889,570 shares during the last quarter. 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.