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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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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%.

ETFs with the largest weight of BlackLine (NASDAQ:BL) stock in their portfolio include SPDR S&P Software & Services ETF (XSW) and Direxion Daily Cloud Computing Bull 2x (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

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.

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.

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).

(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.

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.
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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.
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