FY2026 Earnings Forecast for BlackLine Issued By DA Davidson

Key Points

• DA Davidson has raised its FY2026 EPS estimate for BlackLine to $1.21 per share, up from a previous forecast of $0.92, maintaining a "Neutral" rating with a price target of $56.00.
• Analysts show mixed ratings for BlackLine, with two ratings of "sell," six "hold," and five "buy," leading to an average rating of "Hold" and a consensus price target of $61.08.
• BlackLine reported quarterly earnings of $0.51 per share, slightly surpassing the consensus estimate, and showed a 7.2% year-over-year increase in revenue, totaling $172.03 million.

BlackLine (NASDAQ:BL - Free Report) - Stock analysts at DA Davidson lifted their FY2026 EPS estimates for BlackLine in a research note issued to investors on Wednesday, August 6th. DA Davidson analyst G. Luria now forecasts that the technology company will earn $1.21 per share for the year, up from their previous forecast of $0.92. DA Davidson has a "Neutral" rating and a $56.00 price target on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share.

Other analysts have also issued reports about the stock. BMO Capital Markets upped their price objective 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 upped their price objective on shares of BlackLine from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday. Cantor Fitzgerald began coverage on shares of BlackLine in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $58.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen lowered shares of BlackLine from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.08.

BlackLine Price Performance

BL traded down $1.27 on Friday, reaching $49.23. The company had a trading volume of 143,352 shares, compared to its average volume of 738,824. The company has a fifty day moving average of $55.80 and a 200-day moving average of $53.04. The company has a market capitalization of $3.07 billion, a P/E ratio of 38.23, a PEG ratio of 8.54 and a beta of 0.91. The company has a current ratio of 1.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.61. BlackLine has a one year low of $40.82 and a one year high of $66.25.

BlackLine (NASDAQ:BL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $172.03 million during the quarter, compared to analyst estimates of $170.87 million. BlackLine had a net margin of 13.05% and a return on equity of 15.95%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 earnings per share.

Institutional Trading of BlackLine

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in shares of BlackLine by 9.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,618 shares of the technology company's stock valued at $148,000 after acquiring an additional 225 shares during the period. Fox Run Management L.L.C. acquired a new position in BlackLine during the second quarter valued at approximately $257,000. Andra AP fonden grew its holdings in BlackLine by 48.8% during the second quarter. Andra AP fonden now owns 89,500 shares of the technology company's stock valued at $5,067,000 after purchasing an additional 29,354 shares during the period. Atlantic Union Bankshares Corp acquired a new position in BlackLine during the second quarter valued at approximately $27,000. Finally, Huntington National Bank grew its holdings in BlackLine by 57.5% during the second quarter. Huntington National Bank now owns 1,235 shares of the technology company's stock valued at $70,000 after purchasing an additional 451 shares during the period. 95.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Michelle D. Stalick sold 795 shares of BlackLine stock in a transaction dated Wednesday, May 28th. The stock was 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 directly owned 25,235 shares of the company's stock, valued at $1,391,457.90. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Mark Woodhams sold 1,856 shares of BlackLine stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total value of $101,430.40. Following the completion of the transaction, the executive directly owned 61,390 shares of the company's stock, valued at $3,354,963.50. This 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 currently owned by company insiders.

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.

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