BlackLine, Inc. (NASDAQ:BL - Free Report) - Research analysts at William Blair boosted their Q3 2025 earnings estimates for BlackLine in a research note issued to investors on Wednesday, May 21st. William Blair analyst J. Roberge now forecasts that the technology company will earn $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share. William Blair also issued estimates for BlackLine's Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.29 EPS and FY2026 earnings at $1.08 EPS.
BL has been the subject of several other reports. DA Davidson cut their target price on shares of BlackLine from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Truist Financial lifted their price objective on shares of BlackLine from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. 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 report on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler lifted their price target on shares of BlackLine from $46.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $60.75.
Read Our Latest Analysis on BL
BlackLine Stock Up 1.9%
BL traded up $1.03 during trading hours on Monday, hitting $55.19. 525,672 shares of the company's stock were exchanged, compared to its average volume of 769,297. BlackLine has a 1-year low of $40.82 and a 1-year high of $66.25. The stock's 50-day moving average is $48.93 and its two-hundred day moving average is $54.96. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 38.06, 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
A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in BlackLine in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC boosted its stake in shares of BlackLine by 568.4% during 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 boosted its position in 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 bought a new stake in shares of BlackLine in the fourth quarter worth about $50,000. Finally, Huntington National Bank grew its position in shares of BlackLine by 596.4% in the 4th quarter. Huntington National Bank now owns 968 shares of the technology company's stock worth $59,000 after buying an additional 829 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at BlackLine
In other news, 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 transaction of $101,430.40. Following the completion of the transaction, the executive now directly owns 61,390 shares in the company, valued at $3,354,963.50. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.60% of the company's stock.
About BlackLine
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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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