Lowest-Rated StocksLowest-RatedNASDAQ:BL BlackLine (BL) Stock Forecast, Price & News $53.10 -1.66 (-3.03%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$52.75▼$55.5250-Day Range$49.51▼$67.1552-Week Range$48.73▼$79.23Volume999,210 shsAverage Volume564,295 shsMarket Capitalization$3.21 billionP/E RatioN/ADividend YieldN/APrice Target$63.55 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability BlackLine MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside19.7% Upside$63.55 Price TargetShort InterestHealthy6.69% of Float Sold ShortDividend StrengthN/ASustainability-0.52Upright™ Environmental ScoreNews Sentiment0.77Based on 5 Articles This WeekInsider TradingSelling Shares$1.08 M Sold Last QuarterProj. Earnings Growth37.50%From $0.08 to $0.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsComputer And Technology Sector294th out of 597 stocksPrepackaged Software Industry88th out of 206 stocks 2.0 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 7 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $63.55, BlackLine has a forecasted upside of 19.7% from its current price of $53.10.Amount of Analyst CoverageBlackLine has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.69% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in BlackLine has recently decreased by 16.11%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBlackLine does not currently pay a dividend.Dividend GrowthBlackLine does not have a long track record of dividend growth. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBlackLine has received a 35.95% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Project management software", "Financial reporting services", and "Procurement data analysis and optimisation software" products. See details.Environmental SustainabilityThe Environmental Impact score for BlackLine is -0.52. Previous Next 2.6 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for BlackLine this week, compared to 5 articles on an average week.MarketBeat Follows1 people have added BlackLine to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,077,767.00 in company stock.Percentage Held by InsidersOnly 9.93% of the stock of BlackLine is held by insiders.Percentage Held by Institutions99.96% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to grow by 37.50% in the coming year, from $0.08 to $0.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is -106.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of BlackLine is -106.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioBlackLine has a PEG Ratio of 16.50. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 28.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About BlackLine (NASDAQ:BL) StockBlackLine, 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. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.Read More 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. Email Address BL Stock News HeadlinesJune 6, 2023 | finance.yahoo.com99% of Stakeholders Surveyed by BlackLine Report Challenges with Intercompany Accounting ProcessesJune 4, 2023 | americanbankingnews.comBlackLine, Inc. (NASDAQ:BL) Given Consensus Rating of "Hold" by AnalystsJune 7, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 30, 2023 | msn.comBlackLine: Insufficient Reward To Stay InvestedMay 28, 2023 | finance.yahoo.comBlackLine (NASDAQ:BL investor three-year losses grow to 31% as the stock sheds US$143m this past weekMay 25, 2023 | finance.yahoo.com5 Top Internet Software Stocks to Enhance Your ReturnsMay 25, 2023 | americanbankingnews.comInsider Selling: BlackLine, Inc. (NASDAQ:BL) CTO Sells 1,397 Shares of StockMay 24, 2023 | americanbankingnews.comMark Woodhams Sells 558 Shares of BlackLine, Inc. (NASDAQ:BL) StockJune 7, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>May 24, 2023 | americanbankingnews.comMorgan Stanley Initiates Coverage on BlackLine (NASDAQ:BL)May 22, 2023 | markets.businessinsider.comMorgan Stanley Remains a Hold on BlackLine (BL)May 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on BlackLine (NASDAQ:BL)May 18, 2023 | americanbankingnews.comBlackLine, Inc. (NASDAQ:BL) Sees Large Decrease in Short InterestMay 15, 2023 | finance.yahoo.comBlackLine Continues Asia-Pacific ExpansionMay 11, 2023 | msn.comTruist Securities Maintains BlackLine (BL) Buy RecommendationMay 11, 2023 | msn.comCitigroup Upgrades BlackLine (BL)May 11, 2023 | finance.yahoo.comAGL Energy, Cobram Estate, Lion and Officeworks Among Customers Speaking at BeyondTheBlack APAC 2023May 11, 2023 | americanbankingnews.comTruist Financial Trims BlackLine (NASDAQ:BL) Target Price to $60.00May 10, 2023 | americanbankingnews.comAnalysts Set BlackLine, Inc. (NASDAQ:BL) PT at $70.67May 10, 2023 | americanbankingnews.comBlackLine (NASDAQ:BL) Price Target Cut to $60.00May 9, 2023 | americanbankingnews.comPiper Sandler Trims BlackLine (NASDAQ:BL) Target Price to $55.00May 8, 2023 | americanbankingnews.comBlackLine (NASDAQ:BL) Stock Rating Upgraded by CitigroupMay 8, 2023 | americanbankingnews.comBMO Capital Markets Trims BlackLine (NASDAQ:BL) Target Price to $59.00May 8, 2023 | americanbankingnews.comRobert W. Baird Trims BlackLine (NASDAQ:BL) Target Price to $64.00May 8, 2023 | finanznachrichten.deBlackLine, Inc.: BlackLine Announces First Quarter Financial ResultsMay 5, 2023 | finance.yahoo.comBlackLine, Inc.'s (NASDAQ:BL) Business Is Trailing The Industry But Its Shares Aren'tMay 5, 2023 | finance.yahoo.comWhy BlackLine Stock Rallied Friday MorningSee More Headlines BL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BL Company Calendar Last Earnings5/04/2023Today6/07/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BL CUSIPN/A CIK1666134 Webwww.blackline.com Phone(818) 223-9008FaxN/AEmployees1,814Year FoundedN/APrice Target and Rating Average Stock Price Forecast$63.55 High Stock Price Forecast$87.00 Low Stock Price Forecast$50.00 Forecasted Upside/Downside+19.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.50) Trailing P/E RatioN/A Forward P/E Ratio663.75 P/E Growth16.5Net Income$-33,520,000.00 Net Margins-5.79% Pretax Margin-5.03% Return on Equity-10.19% Return on Assets-0.52% Debt Debt-to-Equity Ratio11.85 Current Ratio3.42 Quick Ratio3.42 Sales & Book Value Annual Sales$522.94 million Price / Sales6.14 Cash Flow$0.16 per share Price / Cash Flow326.35 Book Value$1.87 per share Price / Book28.40Miscellaneous Outstanding Shares60,490,000Free Float54,482,000Market Cap$3.21 billion OptionableOptionable Beta0.88 Key ExecutivesOwen RyanChairman & Co-Chief Executive OfficerTherese TuckerCo-Chief Executive Officer & DirectorMark W. PartinChief Financial OfficerPeter HirschChief Technology OfficerKarole R. Morgan-PragerSecretary, Chief Legal & Administrative OfficerKey CompetitorsVertexNASDAQ:VERXAppianNASDAQ:APPNEngageSmartNYSE:ESMTCommvault SystemsNASDAQ:CVLTBlackBerryNYSE:BBView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 14,770 shares on 6/1/2023Ownership: 1.126%Prelude Capital Management LLCBought 8,776 shares on 6/1/2023Ownership: 0.015%ProShare Advisors LLCSold 1,759 shares on 5/26/2023Ownership: 0.012%Ameriprise Financial Inc.Bought 191,924 shares on 5/22/2023Ownership: 1.542%Mark WoodhamsSold 558 sharesTotal: $29,730.24 ($53.28/share)View All Insider TransactionsView All Institutional Transactions BL Stock - Frequently Asked Questions Should I buy or sell BlackLine stock right now? 11 Wall Street equities research 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 2 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023? 11 brokers have issued 1 year price objectives for BlackLine's shares. Their BL share price forecasts range from $50.00 to $87.00. On average, they predict the company's stock price to reach $63.55 in the next twelve months. This suggests a possible upside of 18.3% 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 at the beginning of the year. Since then, BL shares have decreased by 20.1% and is now trading at $53.72. View the best growth stocks for 2023 here. Are investors shorting BlackLine? BlackLine saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,280,000 shares, a drop of 16.1% from the April 30th total of 3,910,000 shares. Based on an average daily trading volume, of 554,900 shares, the short-interest ratio is presently 5.9 days. Approximately 6.7% of the company's stock are short sold. 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, August 3rd 2023. View our BL earnings forecast. How were BlackLine's earnings last quarter? BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings results on Thursday, May, 4th. The technology company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.16. The technology company earned $138.98 million during the quarter, compared to the consensus estimate of $137.91 million. BlackLine had a negative trailing twelve-month return on equity of 10.19% and a negative net margin of 5.79%. What ETFs hold BlackLine's stock? ETFs with the largest weight of BlackLine (NASDAQ:BL) stock in their portfolio include Alger Mid Cap 40 ETF (FRTY), WisdomTree Cloud Computing Fund (WCLD), First Trust Cloud Computing ETF (SKYY), SPDR S&P Software & Services ETF (XSW), Direxion Daily Cloud Computing Bull 2x (CLDL), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Vanguard Russell 2000 Growth ETF (VTWG) and iShares Russell 2000 Growth ETF (IWO). What guidance has BlackLine issued on next quarter's earnings? BlackLine updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.27-$0.29 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $143.00 million-$145.00 million, compared to the consensus revenue estimate of $144.36 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 $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan acted 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 institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (3.57%), Riverbridge Partners LLC (3.41%), DF Dent & Co. Inc. (3.00%), Brown Advisory Inc. (2.93%), Artisan Partners Limited Partnership (2.78%) and Champlain Investment Partners LLC (2.62%). Insiders that own company stock include Graham Smith, Marc Huffman, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, 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 $53.72. How much money does BlackLine make? BlackLine (NASDAQ:BL) has a market capitalization of $3.25 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 ($0.50) 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 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding BlackLine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.