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BlackLine (BL) Stock Price, News & Analysis

$49.64
-0.98 (-1.94%)
(As of 05/24/2024 ET)
Today's Range
$49.52
$50.67
50-Day Range
$49.64
$68.61
52-Week Range
$47.26
$69.31
Volume
1.07 million shs
Average Volume
1.11 million shs
Market Capitalization
$3.07 billion
P/E Ratio
215.83
Dividend Yield
N/A
Price Target
$64.56

BlackLine MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
30.0% Upside
$64.56 Price Target
Short Interest
Healthy
6.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.89mentions of BlackLine in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$425,616 Sold Last Quarter
Proj. Earnings Growth
-5.45%
From $1.10 to $1.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Computer And Technology Sector

87th out of 597 stocks

Prepackaged Software Industry

22nd out of 196 stocks

BL stock logo

About BlackLine Stock (NASDAQ:BL)

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company's also provides journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers blackline cash application, and credit and risk, collections, disputes and deductions, and team and task management, as well as AR intelligence solutions and electronic invoicing and compliance. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

BL Stock Price History

BL Stock News Headlines

BlackLine Prices Upsized Offering Of $600 Mln Sr. Notes
BlackLine Plans To Offer $500 Mln Of Senior Notes
Q1 2024 Blackline Inc Earnings Call
BlackLine (BL) Q1 Earnings: What To Expect
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
5/25/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,750
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.56
High Stock Price Target
$81.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+30.0%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$58.17 million
Pretax Margin
13.52%

Debt

Sales & Book Value

Annual Sales
$590 million
Cash Flow
$1.40 per share
Book Value
$4.53 per share

Miscellaneous

Free Float
55,679,000
Market Cap
$3.07 billion
Optionable
Optionable
Beta
0.87
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BL Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares.
View BL analyst ratings
or view top-rated stocks.

What is BlackLine's stock price target for 2024?

12 equities research analysts have issued 12-month price targets for BlackLine's stock. Their BL share price targets range from $52.00 to $81.00. On average, they anticipate the company's share price to reach $64.56 in the next year. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for BL
or view top-rated stocks among Wall Street analysts.

How have BL shares performed in 2024?

BlackLine's stock was trading at $62.44 at the start of the year. Since then, BL stock has decreased by 20.5% and is now trading at $49.64.
View the best growth stocks for 2024 here
.

When is BlackLine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our BL earnings forecast
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its earnings results on Thursday, November, 4th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The technology company had revenue of $109.40 million for the quarter, compared to analysts' expectations of $107.06 million. BlackLine had a trailing twelve-month return on equity of 9.07% and a net margin of 2.30%. BlackLine's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.

What guidance has BlackLine issued on next quarter's earnings?

BlackLine issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 0.490-0.510 for the period, compared to the consensus estimate of 0.500. The company issued revenue guidance of $157.0 million-$159.0 million, compared to the consensus revenue estimate of $158.5 million.

What is Marc Huffman's approval rating as BlackLine's CEO?

62 employees have rated BlackLine Chief Executive Officer Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among the company's employees. 85.0% of employees surveyed would recommend working at BlackLine to a friend.

What other stocks do shareholders of BlackLine own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Block (SQ), Walt Disney (DIS), Slack Technologies (WORK), NVIDIA (NVDA), Okta (OKTA), DocuSign (DOCU), Twilio (TWLO), Teladoc Health (TDOC), CrowdStrike (CRWD) and Zoom Video Communications (ZM).

When did BlackLine IPO?

BlackLine (BL) raised $120 million in an IPO on Friday, October 28th 2016. The company issued 8,600,000 shares at a price of $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan served as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, William Blair and Baird were co-managers.

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.94%), Riverbridge Partners LLC (3.17%), Conestoga Capital Advisors LLC (2.28%), Geneva Capital Management LLC (1.49%), Baillie Gifford & Co. (0.98%) and Barton Investment Management (0.93%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mark Partin, Mark Woodhams, Owen Ryan, Peter Hirsch, Therese Tucker and Thomas Unterman.
View institutional ownership trends
.

How do I buy shares of BlackLine?

Shares of BL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BL) was last updated on 5/26/2024 by MarketBeat.com Staff

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