What is DA Davidson's Forecast for BlackLine Q2 Earnings?

BlackLine, Inc. (NASDAQ:BL - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of BlackLine in a report released on Wednesday, May 7th. DA Davidson analyst W. Jellison expects that the technology company will post earnings of $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 research analysts also recently weighed in on the company. The Goldman Sachs Group cut their price target on BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a report on Thursday, April 17th. BMO Capital Markets reduced their target price on BlackLine from $68.00 to $60.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. Truist Financial lifted their price target on BlackLine from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday. Piper Sandler increased their price objective on shares of BlackLine from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, StockNews.com upgraded shares of BlackLine from a "hold" rating to a "buy" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.75.

BlackLine Trading Up 0.4 %

Shares of NASDAQ:BL traded up $0.21 during trading on Thursday, reaching $53.17. The stock had a trading volume of 761,967 shares, compared to its average volume of 806,478. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00. The stock has a market cap of $3.35 billion, a P/E ratio of 36.67, a PEG ratio of 10.80 and a beta of 0.94. The business has a fifty day moving average price of $47.50 and a 200-day moving average price of $55.14. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25.

BlackLine (NASDAQ:BL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%.

Institutional Trading of BlackLine

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gagnon Securities LLC raised its stake in BlackLine by 27.1% during the first quarter. Gagnon Securities LLC now owns 250,738 shares of the technology company's stock valued at $12,141,000 after buying an additional 53,460 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of BlackLine by 106.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company's stock valued at $57,443,000 after acquiring an additional 611,499 shares in the last quarter. Blair William & Co. IL lifted its stake in BlackLine by 3.7% during the first quarter. Blair William & Co. IL now owns 85,274 shares of the technology company's stock worth $4,129,000 after purchasing an additional 3,036 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in BlackLine by 1.6% in the first quarter. Alberta Investment Management Corp now owns 50,317 shares of the technology company's stock worth $2,436,000 after purchasing an additional 782 shares during the period. Finally, Bayforest Capital Ltd increased its stake in BlackLine by 282.6% during the first quarter. Bayforest Capital Ltd now owns 4,277 shares of the technology company's stock valued at $207,000 after purchasing an additional 3,159 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

Insider Transactions at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the company'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 value of $451,400.96. Following the transaction, the executive now directly owns 65,414 shares of the company's stock, valued at $3,249,113.38. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.60% of the company's stock.

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.