BlackLine, Inc. (NASDAQ:BL - Free Report) - Analysts at William Blair upped their Q2 2025 earnings per share estimates for shares of BlackLine in a note issued to investors on Wednesday, May 21st. William Blair analyst J. Roberge now anticipates that the technology company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.23. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share. William Blair also issued estimates for BlackLine's FY2025 earnings at $1.03 EPS.
A number of other analysts have also issued reports on the company. Truist Financial lifted their price target on BlackLine from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Bank of America raised shares of BlackLine from an "underperform" rating to a "buy" rating and upped their price objective for the company from $50.00 to $75.00 in a research note on Thursday, January 30th. Citigroup decreased their target price on shares of BlackLine from $73.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Wall Street Zen cut BlackLine from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Piper Sandler increased their price target on BlackLine from $46.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $60.75.
Read Our Latest Report on BlackLine
BlackLine Price Performance
Shares of BlackLine stock traded down $0.09 on Friday, reaching $55.10. The company's stock had a trading volume of 185,722 shares, compared to its average volume of 767,013. The stock has a 50-day moving average price of $48.93 and a 200-day moving average price of $54.96. BlackLine has a 52-week low of $40.82 and a 52-week high of $66.25. The company has a market capitalization of $3.43 billion, a P/E ratio of 37.99, a PEG ratio of 10.80 and a beta of 0.94. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00.
Hedge Funds Weigh In On BlackLine
Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in BlackLine during the fourth quarter worth approximately $31,000. Global Retirement Partners LLC raised its position in BlackLine by 568.4% in the fourth quarter. Global Retirement Partners LLC now owns 528 shares of the technology company's stock valued at $32,000 after purchasing an additional 449 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of BlackLine by 243.5% during the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company's stock valued at $35,000 after buying an additional 414 shares during the period. Headlands Technologies LLC acquired a new position in shares of BlackLine during the fourth quarter worth $50,000. Finally, Huntington National Bank boosted its position in BlackLine by 596.4% in the 4th quarter. Huntington National Bank now owns 968 shares of the technology company's stock valued at $59,000 after buying an additional 829 shares during the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at BlackLine
In other news, CRO Mark Woodhams sold 1,856 shares of the 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 now owns 61,390 shares in the company, valued at $3,354,963.50. This trade represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.60% of the company's stock.
BlackLine Company Profile
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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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