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BlackLine (BL) Stock Forecast, Price & News

$54.76
-0.49 (-0.89%)
(As of 06/6/2023 ET)
Compare
Today's Range
$54.32
$56.29
50-Day Range
$49.51
$67.15
52-Week Range
$48.73
$79.23
Volume
976,283 shs
Average Volume
560,231 shs
Market Capitalization
$3.31 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$63.55

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
16.0% Upside
$63.55 Price Target
Short Interest
Healthy
6.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.52
Upright™ Environmental Score
News Sentiment
0.89mentions of BlackLine in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.08 M Sold Last Quarter
Proj. Earnings Growth
37.50%
From $0.08 to $0.11 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Computer And Technology Sector

257th out of 606 stocks

Prepackaged Software Industry

70th out of 211 stocks


BL stock logo

About BlackLine (NASDAQ:BL) Stock

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. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

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BL Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Morgan Stanley Initiates Coverage on BlackLine (NASDAQ:BL)
Morgan Stanley Remains a Hold on BlackLine (BL)
StockNews.com Begins Coverage on BlackLine (NASDAQ:BL)
BlackLine Continues Asia-Pacific Expansion
Citigroup Upgrades BlackLine (BL)
Analysts Set BlackLine, Inc. (NASDAQ:BL) PT at $70.67
BlackLine (NASDAQ:BL) Price Target Cut to $60.00
BlackLine (NASDAQ:BL) Stock Rating Upgraded by Citigroup
Why BlackLine Stock Rallied Friday Morning
See More Headlines

BL Price History

BL Company Calendar

Last Earnings
5/04/2023
Today
6/06/2023
Next Earnings (Estimated)
8/03/2023
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
$63.55
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
$-33,520,000.00
Pretax Margin
-5.03%

Debt

Sales & Book Value

Annual Sales
$522.94 million
Cash Flow
$0.17 per share
Book Value
$1.87 per share

Miscellaneous

Free Float
54,482,000
Market Cap
$3.31 billion
Optionable
Optionable
Beta
0.88

Key Executives

  • Owen RyanOwen Ryan
    Chairman & Co-Chief Executive Officer
  • Therese TuckerTherese Tucker
    Co-Chief Executive Officer & Director
  • Mark W. PartinMark W. Partin
    Chief Financial Officer
  • Peter HirschPeter Hirsch
    Chief Technology Officer
  • Karole R. Morgan-Prager
    Secretary, Chief Legal & Administrative Officer













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 target prices for BlackLine's shares. Their BL share price forecasts range from $50.00 to $87.00. On average, they anticipate the company's share price to reach $63.55 in the next twelve months. This suggests a possible upside of 13.9% 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 start of the year. Since then, BL stock has decreased by 17.1% and is now trading at $55.77.
View the best growth stocks for 2023 here
.

Are investors shorting BlackLine?

BlackLine saw a drop in short interest during 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 trading volume of 554,900 shares, the short-interest ratio is currently 5.9 days. Currently, 6.7% of the shares of the 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 data on Thursday, May, 4th. The technology company reported $0.06 EPS 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 analyst estimates 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 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 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 a variety of retail and institutional investors. Top institutional investors 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 $55.77.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.37 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 6/6/2023 by MarketBeat.com Staff

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