BlackLine, Inc. (NASDAQ:BL - Free Report) - DA Davidson issued their Q2 2025 EPS estimates for BlackLine in a research report issued on Wednesday, May 7th. DA Davidson analyst W. Jellison anticipates that the technology company will earn $0.19 per share for the quarter. DA Davidson currently has a "Buy" rating and a $55.00 target price on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share.
Several other equities analysts also recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Citigroup decreased their target price on BlackLine from $73.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Piper Sandler increased their target price on BlackLine from $46.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Morgan Stanley decreased their price objective on BlackLine from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America upgraded BlackLine from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, BlackLine has a consensus rating of "Hold" and an average price target of $60.75.
Check Out Our Latest Stock Report on BlackLine
BlackLine Stock Performance
NASDAQ:BL traded up $0.17 during midday trading on Thursday, hitting $55.08. The company's stock had a trading volume of 298,092 shares, compared to its average volume of 805,240. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25. The firm's 50 day moving average is $47.64 and its 200-day moving average is $55.12. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.69. The firm has a market cap of $3.43 billion, a P/E ratio of 37.99, a P/E/G ratio of 10.80 and a beta of 0.94.
BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a net margin of 24.67% and a return on equity of 21.63%.
Institutional Investors Weigh In On BlackLine
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BL. HighTower Advisors LLC lifted its position in BlackLine by 2.5% during the fourth quarter. HighTower Advisors LLC now owns 6,475 shares of the technology company's stock worth $393,000 after buying an additional 161 shares during the period. GAMMA Investing LLC increased its stake in BlackLine by 41.2% during the fourth quarter. GAMMA Investing LLC now owns 634 shares of the technology company's stock worth $39,000 after acquiring an additional 185 shares during the last quarter. Arizona State Retirement System increased its stake in BlackLine by 1.3% during the fourth quarter. Arizona State Retirement System now owns 15,322 shares of the technology company's stock worth $931,000 after acquiring an additional 192 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in BlackLine by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,100 shares of the technology company's stock worth $1,525,000 after acquiring an additional 200 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of BlackLine by 19.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,266 shares of the technology company's stock valued at $77,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 95.13% of the company's stock.
Insider Buying and Selling at BlackLine
In related news, CRO Mark Woodhams sold 9,088 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $49.67, for a total transaction of $451,400.96. Following the completion of the sale, the executive now owns 65,414 shares in the company, valued at $3,249,113.38. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by corporate insiders.
BlackLine Company Profile
(
Get Free Report)
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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