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BABA   86.53 (-0.24%)
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BlackLine (BL) Stock Forecast, Price & News

$53.83
-1.64 (-2.96%)
(As of 05:19 PM ET)
Compare
Today's Range
$53.66
$55.23
50-Day Range
$48.93
$60.06
52-Week Range
$48.22
$77.90
Volume
522,791 shs
Average Volume
596,655 shs
Market Capitalization
$3.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$60.27

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
12.0% Upside
$60.27 Price Target
Short Interest
Bearish
5.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
1.15mentions of BlackLine in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$74,016 Sold Last Quarter
Proj. Earnings Growth
25.64%
From $0.39 to $0.49 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Computer And Technology Sector

452nd out of 612 stocks

Prepackaged Software Industry

149th out of 208 stocks


BL stock logo

About BlackLine (NASDAQ:BL) Stock

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 Price History

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.
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.
Blackline Safety (BLN) Gets a Buy Rating from TD Securities
What 7 Analyst Ratings Have To Say About BlackLine
BlackLine (BL) Receives a New Rating from a Top Analyst
William Blair Keeps Their Buy Rating on BlackLine (BL)
Goldman Sachs Reaffirms Their Sell Rating on BlackLine (BL)
BlackLine Inc.
Bank of America Securities Remains a Sell on BlackLine (BL)
Robert W. Baird Sticks to Their Buy Rating for BlackLine (BL)
BlackLine (BL) Gets a Buy from BTIG
Berenberg Bank Sticks to Its Hold Rating for BlackLine (BL)
See More Headlines
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BL Company Calendar

Last Earnings
8/08/2023
Today
10/02/2023
Next Earnings (Estimated)
11/02/2023
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
$60.27
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+11.3%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$-33,520,000.00
Pretax Margin
2.55%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
54,926,000
Market Cap
$3.30 billion
Optionable
Optionable
Beta
0.87
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Owen M. RyanMr. Owen M. Ryan (Age 60)
    Chairman & Co-CEO
    Comp: $83.12k
  • Ms. Therese TuckerMs. Therese Tucker (Age 62)
    Founder, Exec. Director & Co-CEO
    Comp: $551.57k
  • Mr. Mark W. PartinMr. Mark W. Partin (Age 55)
    CFO & Treasurer
    Comp: $652.55k
  • Ms. Karole Morgan-Prager (Age 60)
    Chief Legal & Admin. Officer and Sec.
    Comp: $577.46k
  • Mr. Marc E. HuffmanMr. Marc E. Huffman (Age 52)
    Advisor
    Comp: $916.07k
  • Mr. Mark WoodhamsMr. Mark Woodhams (Age 60)
    Chief Revenue Officer
    Comp: $731.88k
  • Mr. Patrick Villanova
    Chief Accounting Officer & Controller
  • Ms. Kimberly Uberti
    VP of Global Corp. Communications
  • Ms. Mary Ainsworth
    Chief People Officer
  • Mr. Dominick DiPaolo
    Sr. VP of Americas Enterprise Sales













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, 6 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 forecast for 2023?

11 analysts have issued 1 year price objectives for BlackLine's stock. Their BL share price forecasts range from $47.00 to $81.00. On average, they anticipate the company's share price to reach $60.27 in the next year. This suggests a possible upside of 11.3% 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 on January 1st, 2023. Since then, BL shares have decreased by 19.5% and is now trading at $54.17.
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 Thursday, November 2nd 2023.
View our BL earnings forecast
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) released its earnings results on Tuesday, August, 8th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.68. The technology company had revenue of $144.57 million for the quarter, compared to analysts' expectations of $143.86 million. BlackLine had a negative trailing twelve-month return on equity of 37.62% and a negative net margin of 9.25%.

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

BlackLine issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.45-$1.51 for the period, compared to the consensus earnings per share estimate of $1.27. The company issued revenue guidance of $586.00 million-$591.00 million, compared to the consensus revenue estimate of $591.24 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 on Friday, October 28th 2016. The company issued 8,600,000 shares at a price of $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.

What is BlackLine's stock symbol?

BlackLine trades on the NASDAQ under the ticker symbol "BL."

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 $54.17.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.30 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 ($0.77) 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 10/2/2023 by MarketBeat.com Staff

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