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Laser breakthrough could send stock soaring 2,467% (Ad)
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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Laser breakthrough could send stock soaring 2,467% (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Laser breakthrough could send stock soaring 2,467% (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Laser breakthrough could send stock soaring 2,467% (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Laser breakthrough could send stock soaring 2,467% (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Laser breakthrough could send stock soaring 2,467% (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Critical asset just had biggest fall on record (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Laser breakthrough could send stock soaring 2,467% (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

BlackLine (BL) Stock Price, News & Analysis

$56.72
+0.45 (+0.80%)
(As of 02/22/2024 ET)
Today's Range
$56.07
$57.20
50-Day Range
$55.71
$64.78
52-Week Range
$47.26
$72.50
Volume
463,595 shs
Average Volume
611,922 shs
Market Capitalization
$3.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$60.90

BlackLine MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.4% Upside
$60.90 Price Target
Short Interest
Bearish
4.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.58mentions of BlackLine in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$390,627 Sold Last Quarter
Proj. Earnings Growth
3.92%
From $1.02 to $1.06 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.

3.10 out of 5 stars

Computer And Technology Sector

299th out of 585 stocks

Prepackaged Software Industry

84th out of 189 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 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 Stock Price History

BL Stock News Headlines

Tech insider: "Watch your mailbox"
You could soon get a strange package from the Federal Government. It's part of the biggest overhaul to our money in decades. And it could change your life (and retirement) in ways that'll surprise you.
Robert W. Baird Trims BlackLine (NASDAQ:BL) Target Price to $61.00
BlackLine (NASDAQ:BL) Price Target Cut to $55.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
BlackLine (NASDAQ:BL) Price Target Cut to $61.00
Citigroup Lowers BlackLine (NASDAQ:BL) Price Target to $57.00
BlackLine (NASDAQ:BL) PT Lowered to $52.00
BlackLine Full Year 2023 Earnings: EPS Beats Expectations
BlackLine (NASDAQ:BL) Shares Gap Down on Analyst Downgrade
William Blair downgrades BlackLine on lack of growth visibility
BlackLine price target lowered by $4 at Baird, here's why
Q4 2023 Blackline Inc Earnings Call
Short Interest in BlackLine, Inc. (NASDAQ:BL) Rises By 23.2%
BlackLine (BL) Surpasses Q4 Earnings and Revenue Estimates
BlackLine: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
2/22/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$60.90
High Stock Price Target
$81.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+7.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$52.83 million
Pretax Margin
7.70%

Debt

Sales & Book Value

Annual Sales
$574.22 million
Cash Flow
$0.17 per share
Book Value
$1.87 per share

Miscellaneous

Free Float
55,186,000
Market Cap
$3.48 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?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 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 target for 2024?

10 analysts have issued 12-month price objectives for BlackLine's shares. Their BL share price targets range from $52.00 to $81.00. On average, they expect the company's share price to reach $60.90 in the next twelve months. This suggests a possible upside of 7.4% 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 2024?

BlackLine's stock was trading at $62.44 on January 1st, 2024. Since then, BL shares have decreased by 9.2% and is now trading at $56.72.
View the best growth stocks for 2024 here
.

Are investors shorting BlackLine?

BlackLine saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 2,070,000 shares, an increase of 23.2% from the January 15th total of 1,680,000 shares. Based on an average daily volume of 508,300 shares, the short-interest ratio is currently 4.1 days. Approximately 4.1% of the company's shares 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, May 2nd 2024.
View our BL earnings forecast
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings results on Thursday, November, 4th. The technology company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The technology company earned $109.40 million during the quarter, compared to analysts' expectations of $107.06 million. BlackLine had a positive trailing twelve-month return on equity of 2.44% and a negative net margin of 1.50%. The firm's revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS.

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

BlackLine updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 2.010-2.140 for the period, compared to the consensus earnings per share estimate of 2.020. The company issued revenue guidance of $637.5 million-$649.5 million, compared to the consensus revenue estimate of $656.1 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.

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.00%), Riverbridge Partners LLC (3.28%), Brown Advisory Inc. (3.10%), Riverbridge Partners LLC (3.09%), Conestoga Capital Advisors LLC (2.31%) and Geneva Capital Management LLC (1.51%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BL) was last updated on 2/23/2024 by MarketBeat.com Staff