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DOW   36,124.56
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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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SoFi expands ETF business with options-driven income fund

BlackLine Stock Price, News & Analysis (NASDAQ:BL)

$58.81
-0.91 (-1.52%)
(As of 12/5/2023 ET)
Compare
Today's Range
$58.46
$59.37
50-Day Range
$48.07
$60.00
52-Week Range
$47.26
$77.90
Volume
522,762 shs
Average Volume
586,667 shs
Market Capitalization
$3.60 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$61.44

BlackLine MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
4.5% Upside
$61.44 Price Target
Short Interest
Healthy
4.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.43mentions of BlackLine in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$45,000 Sold Last Quarter
Proj. Earnings Growth
14.49%
From $0.69 to $0.79 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Computer And Technology Sector

453rd out of 592 stocks

Prepackaged Software Industry

135th out of 188 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

Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
BlackLine: Margin Gains Offset By Weaker Growth
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
The Latest Analyst Ratings for BlackLine
What Wall Street expects from BlackLine's earnings
BlackLine: Near-Term Headwinds Warrant A Discount
The Top Stocks to Buy With $400 Right Now
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

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
$61.44
High Stock Price Target
$81.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+4.5%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$-33,520,000.00
Pretax Margin
7.70%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
55,186,000
Market Cap
$3.60 billion
Optionable
Optionable
Beta
0.88
12 Stocks Corporate Insiders are Abandoning Cover

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BL Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 1 sell rating, 5 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?

9 analysts have issued 12 month price targets for BlackLine's shares. Their BL share price targets range from $47.00 to $81.00. On average, they expect the company's share price to reach $61.44 in the next year. This suggests a possible upside of 4.5% 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 stock has decreased by 12.6% and is now trading at $58.81.
View the best growth stocks for 2023 here
.

When is BlackLine's next earnings date?

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

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its quarterly earnings results on Thursday, November, 2nd. The technology company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.16. The technology company earned $150.71 million during the quarter, compared to analyst estimates of $149.76 million. BlackLine had a negative net margin of 3.42% and a negative trailing twelve-month return on equity of 14.40%.

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

BlackLine updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $1.79-$1.84 for the period, compared to the consensus earnings per share estimate of $1.52. The company issued revenue guidance of $587.5-$589.5 million, compared to the consensus revenue estimate of $588.27 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 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 a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (3.39%), Riverbridge Partners LLC (3.19%), Brown Advisory Inc. (3.04%), Conestoga Capital Advisors LLC (2.24%), JPMorgan Chase & Co. (1.76%) and Meritage Group LP (1.75%). 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.

This page (NASDAQ:BL) was last updated on 12/6/2023 by MarketBeat.com Staff

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