QQQ   357.86 (-1.83%)
AAPL   173.93 (-0.89%)
MSFT   319.53 (-0.39%)
META   295.73 (-1.31%)
GOOGL   130.44 (-2.47%)
AMZN   129.33 (-4.41%)
TSLA   255.70 (-2.62%)
NVDA   410.17 (-2.89%)
NIO   8.46 (-4.19%)
BABA   84.12 (-1.89%)
AMD   96.11 (-4.22%)
T   15.31 (-1.61%)
F   12.20 (-1.30%)
MU   67.90 (-2.55%)
CGC   0.77 (-11.53%)
GE   112.97 (-1.64%)
DIS   82.73 (+0.21%)
AMC   7.71 (-5.51%)
PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)
QQQ   357.86 (-1.83%)
AAPL   173.93 (-0.89%)
MSFT   319.53 (-0.39%)
META   295.73 (-1.31%)
GOOGL   130.44 (-2.47%)
AMZN   129.33 (-4.41%)
TSLA   255.70 (-2.62%)
NVDA   410.17 (-2.89%)
NIO   8.46 (-4.19%)
BABA   84.12 (-1.89%)
AMD   96.11 (-4.22%)
T   15.31 (-1.61%)
F   12.20 (-1.30%)
MU   67.90 (-2.55%)
CGC   0.77 (-11.53%)
GE   112.97 (-1.64%)
DIS   82.73 (+0.21%)
AMC   7.71 (-5.51%)
PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)
QQQ   357.86 (-1.83%)
AAPL   173.93 (-0.89%)
MSFT   319.53 (-0.39%)
META   295.73 (-1.31%)
GOOGL   130.44 (-2.47%)
AMZN   129.33 (-4.41%)
TSLA   255.70 (-2.62%)
NVDA   410.17 (-2.89%)
NIO   8.46 (-4.19%)
BABA   84.12 (-1.89%)
AMD   96.11 (-4.22%)
T   15.31 (-1.61%)
F   12.20 (-1.30%)
MU   67.90 (-2.55%)
CGC   0.77 (-11.53%)
GE   112.97 (-1.64%)
DIS   82.73 (+0.21%)
AMC   7.71 (-5.51%)
PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)
QQQ   357.86 (-1.83%)
AAPL   173.93 (-0.89%)
MSFT   319.53 (-0.39%)
META   295.73 (-1.31%)
GOOGL   130.44 (-2.47%)
AMZN   129.33 (-4.41%)
TSLA   255.70 (-2.62%)
NVDA   410.17 (-2.89%)
NIO   8.46 (-4.19%)
BABA   84.12 (-1.89%)
AMD   96.11 (-4.22%)
T   15.31 (-1.61%)
F   12.20 (-1.30%)
MU   67.90 (-2.55%)
CGC   0.77 (-11.53%)
GE   112.97 (-1.64%)
DIS   82.73 (+0.21%)
AMC   7.71 (-5.51%)
PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)

BlackLine (BL) Stock Forecast, Price & News

$52.94
-1.97 (-3.59%)
(As of 09/21/2023 ET)
Compare
Today's Range
$52.93
$54.58
50-Day Range
$48.93
$60.06
52-Week Range
$48.22
$77.90
Volume
703,968 shs
Average Volume
592,626 shs
Market Capitalization
$3.23 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$61.50

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
16.2% Upside
$61.50 Price Target
Short Interest
Bearish
5.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.36mentions of BlackLine in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$74,016 Sold Last Quarter
Proj. Earnings Growth
26.32%
From $0.38 to $0.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Computer And Technology Sector

332nd out of 586 stocks

Prepackaged Software Industry

101st out of 206 stocks


BL stock logo

About BlackLine (NASDAQ:BL) Stock

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 high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include 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 that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include blackline cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type thereby ensuring both the seller and the buyer of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. 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 Price History

BL Stock News Headlines

Investing Legend Warns: NVIDIA is a "Delusion"
Irrational investment in this tech giant may have made it “too big to succeed” says this renowned expert. Read this before you buy shares.
BlackLine, Inc. (NASDAQ:BL) Sees Large Increase in Short Interest
BlackLine (NASDAQ:BL) Given Hold Rating at Truist Financial
Blackline Safety (BLN) Gets a Buy Rating from TD Securities
Investing Legend Warns: NVIDIA is a "Delusion"
Irrational investment in this tech giant may have made it “too big to succeed” says this renowned expert. Read this before you buy shares.
Morgan Stanley Initiates Coverage on BlackLine (NASDAQ:BL)
What 7 Analyst Ratings Have To Say About BlackLine
BlackLine (BL) Receives a New Rating from a Top Analyst
William Blair Keeps Their Buy Rating on BlackLine (BL)
Goldman Sachs Reaffirms Their Sell Rating on BlackLine (BL)
BlackLine Inc.
Bank of America Securities Remains a Sell on BlackLine (BL)
Robert W. Baird Sticks to Their Buy Rating for BlackLine (BL)
BlackLine (BL) Gets a Buy from BTIG
See More Headlines
Receive BL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter.

BL Company Calendar

Last Earnings
8/08/2023
Today
9/21/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,814
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.50
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+15.4%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$-33,520,000.00
Pretax Margin
2.55%

Debt

Sales & Book Value

Annual Sales
$522.94 million
Cash Flow
$0.16 per share
Book Value
$1.87 per share

Miscellaneous

Free Float
54,926,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
0.86
(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Owen M. RyanMr. Owen M. Ryan (Age 60)
    Chairman & Co-CEO
    Comp: $83.12k
  • Ms. Therese TuckerMs. Therese Tucker (Age 62)
    Founder, Exec. Director & Co-CEO
    Comp: $551.57k
  • Mr. Mark W. PartinMr. Mark W. Partin (Age 55)
    CFO & Treasurer
    Comp: $652.55k
  • Ms. Karole Morgan-Prager (Age 60)
    Chief Legal & Admin. Officer and Sec.
    Comp: $577.46k
  • Mr. Marc E. HuffmanMr. Marc E. Huffman (Age 52)
    Advisor
    Comp: $916.07k
  • Mr. Mark WoodhamsMr. Mark Woodhams (Age 60)
    Chief Revenue Officer
    Comp: $731.88k
  • Mr. Patrick Villanova
    Chief Accounting Officer & Controller
  • Ms. Kimberly Uberti
    VP of Global Corp. Communications
  • Ms. Mary Ainsworth
    Chief People Officer
  • Mr. Dominick DiPaolo
    Sr. VP of Americas Enterprise Sales













BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

12 Wall Street analysts have issued 1-year target prices for BlackLine's stock. Their BL share price forecasts range from $47.00 to $81.00. On average, they anticipate the company's share price to reach $61.50 in the next year. This suggests a possible upside of 13.4% 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 2023?

BlackLine's stock was trading at $67.27 on January 1st, 2023. Since then, BL shares have decreased by 19.4% and is now trading at $54.21.
View the best growth stocks for 2023 here
.

Are investors shorting BlackLine?

BlackLine saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,820,000 shares, an increase of 11.9% from the August 15th total of 2,520,000 shares. Based on an average trading volume of 641,800 shares, the short-interest ratio is presently 4.4 days. Currently, 5.7% of the company's stock are sold short.
View BlackLine's Short Interest
.

When is BlackLine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BL earnings forecast
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings results on Tuesday, August, 8th. The technology company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by $0.68. The technology company had revenue of $144.57 million for the quarter, compared to analyst estimates of $143.86 million. BlackLine had a negative net margin of 9.25% and a negative trailing twelve-month return on equity of 37.62%.

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

BlackLine updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.45-$1.51 for the period, compared to the consensus earnings per share estimate of $1.27. The company issued revenue guidance of $586.00 million-$591.00 million, compared to the consensus revenue estimate of $591.24 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?

(BL) raised $120 million in an initial public offering (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.

What is BlackLine's stock symbol?

BlackLine trades on the NASDAQ under the ticker symbol "BL."

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (3.57%), Riverbridge Partners LLC (3.48%), Brown Advisory Inc. (3.07%), Artisan Partners Limited Partnership (2.72%), Conestoga Capital Advisors LLC (2.33%) and Alliancebernstein L.P. (2.13%). Insiders that own company stock include Graham Smith, Marc Huffman, Mark Partin, Mark Woodhams, Mika Yamamoto, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is BlackLine's stock price today?

One share of BL stock can currently be purchased for approximately $54.21.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.31 billion and generates $522.94 million in revenue each year. The technology company earns $-33,520,000.00 in net income (profit) each year or ($0.77) on an earnings per share basis.

How many employees does BlackLine have?

The company employs 1,814 workers across the globe.

How can I contact BlackLine?

BlackLine's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The official website for the company is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at investors@blackline.com.

This page (NASDAQ:BL) was last updated on 9/21/2023 by MarketBeat.com Staff

My Account -