Lowest-Rated StocksLowest-RatedNASDAQ:BL BlackLine (BL) Stock Forecast, Price & News $52.76 -1.07 (-1.99%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$52.53▼$54.8350-Day Range$48.93▼$60.0652-Week Range$48.22▼$77.90Volume697,932 shsAverage Volume597,191 shsMarket Capitalization$3.22 billionP/E RatioN/ADividend YieldN/APrice Target$60.27 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability BlackLine MarketRank™ ForecastAnalyst RatingHold2.09 Rating ScoreUpside/Downside14.2% Upside$60.27 Price TargetShort InterestBearish5.76% of Float Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.86Based on 6 Articles This WeekInsider TradingSelling Shares$74,016 Sold Last QuarterProj. Earnings Growth25.64%From $0.39 to $0.49 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsComputer And Technology Sector311th out of 596 stocksPrepackaged Software Industry104th out of 203 stocks 3.0 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Hold. The company's average rating score is 2.09, and is based on 3 buy ratings, 6 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.27, BlackLine has a forecasted upside of 14.2% from its current price of $52.76.Amount of Analyst CoverageBlackLine has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.76% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in BlackLine has recently increased by 1.42%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldBlackLine does not currently pay a dividend.Dividend GrowthBlackLine does not have a long track record of dividend growth. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBlackLine has received a 27.95% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Procurement data analysis and optimisation software", "Enterprise systems integration software", and "Accounting software" products. See details.Environmental SustainabilityThe Environmental Impact score for BlackLine is -0.63. Previous Next 2.7 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for BlackLine this week, compared to 4 articles on an average week.MarketBeat FollowsOnly 1 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $74,016.00 in company stock.Percentage Held by InsidersOnly 9.93% of the stock of BlackLine is held by insiders.Percentage Held by Institutions95.13% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to grow by 25.64% in the coming year, from $0.39 to $0.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is -68.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of BlackLine is -68.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioBlackLine has a PEG Ratio of 2.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 28.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About BlackLine (NASDAQ:BL) StockBlackLine, 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.Read More BL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BL Stock News HeadlinesOctober 3, 2023 | forbes.comAI Disruption: A Strategic Framework For Corporate DirectorsOctober 2, 2023 | finance.yahoo.comWilliam 'Bill' Wagner Joins BlackLine Board of DirectorsOctober 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. October 2, 2023 | americanbankingnews.comBlackLine, Inc. (NASDAQ:BL) Given Average Recommendation of "Hold" by BrokeragesSeptember 29, 2023 | benzinga.comBlackline Safety Named One of Canada's Top Growing Companies for Fifth Consecutive YearSeptember 26, 2023 | finance.yahoo.comBlackLine Names Human Resources Leader Mary Ainsworth as Chief People OfficerSeptember 20, 2023 | msn.com$19M apartment complex converted from historic St. Louis factory building opensSeptember 20, 2023 | bizjournals.com$19M apartment complex converted from historic factory building opens (Photos)October 4, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 20, 2023 | finance.yahoo.comIs BlackLine, Inc. (NASDAQ:BL) Expensive For A Reason? A Look At Its Intrinsic ValueSeptember 19, 2023 | msn.comTruist Securities Reiterates BlackLine (BL) Hold RecommendationSeptember 19, 2023 | markets.businessinsider.comBlackline Safety (BLN) Gets a Buy Rating from TD SecuritiesSeptember 18, 2023 | msn.comBlackLine's projected growth marked amid changing institutional interestSeptember 18, 2023 | markets.businessinsider.comWhat 7 Analyst Ratings Have To Say About BlackLineSeptember 18, 2023 | markets.businessinsider.comBlackLine (BL) Receives a New Rating from a Top AnalystSeptember 15, 2023 | markets.businessinsider.comWilliam Blair Keeps Their Buy Rating on BlackLine (BL)September 14, 2023 | markets.businessinsider.comGoldman Sachs Reaffirms Their Sell Rating on BlackLine (BL)September 14, 2023 | tmcnet.comBlackline Safety Reports Fiscal Third Quarter 2023 Results - Record Revenue of $24.8 Million Up 34% Year-Over-YearSeptember 13, 2023 | stockhouse.comBlackLine BeyondTheBlack(TM) 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers SpeakingSeptember 12, 2023 | finance.yahoo.comBlackLine Announces Industry's First AI-Enabled Intercompany Accounting CapabilitiesSeptember 11, 2023 | finance.yahoo.comBlackLine BeyondTheBlack™ 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers SpeakingSeptember 7, 2023 | barrons.comBlackLine Inc.September 6, 2023 | finance.yahoo.comLeading Middle East Energy Companies Select Blackline SafetySeptember 5, 2023 | markets.businessinsider.comBank of America Securities Remains a Sell on BlackLine (BL)September 1, 2023 | markets.businessinsider.comRobert W. Baird Sticks to Their Buy Rating for BlackLine (BL)August 30, 2023 | finance.yahoo.comBlackLine Honors 2023 Modern Accounting Award Winners: CVS Health, Barentz, Kimberly-Clark, Premier Trailer Leasing, Nippon Express Holdings, and BoeingAugust 29, 2023 | markets.businessinsider.comBlackLine (BL) Gets a Buy from BTIGSee More Headlines Receive BL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter. Email Address BL Company Calendar Last Earnings8/08/2023Today10/04/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BL CUSIPN/A CIK1666134 Webwww.blackline.com Phone(818) 223-9008FaxN/AEmployees1,814Year FoundedN/APrice Target and Rating Average Stock Price Forecast$60.27 High Stock Price Forecast$81.00 Low Stock Price Forecast$47.00 Forecasted Upside/Downside+14.2%Consensus RatingHold Rating Score (0-4)2.09 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.77) Trailing P/E RatioN/A Forward P/E Ratio135.28 P/E Growth2.87Net Income$-33,520,000.00 Net Margins-9.25% Pretax Margin2.55% Return on Equity-37.62% Return on Assets-2.35% Debt Debt-to-Equity Ratio7.87 Current Ratio3.62 Quick Ratio3.62 Sales & Book Value Annual Sales$557.78 million Price / Sales5.77 Cash Flow$0.16 per share Price / Cash Flow327.65 Book Value$1.87 per share Price / Book28.21Miscellaneous Outstanding Shares60,981,000Free Float54,926,000Market Cap$3.22 billion OptionableOptionable Beta0.87 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Owen M. Ryan (Age 60)Chairman & Co-CEO Comp: $83.12kMs. Therese Tucker (Age 62)Founder, Exec. Director & Co-CEO Comp: $551.57kMr. Mark W. Partin (Age 55)CFO & Treasurer Comp: $652.55kMs. Karole Morgan-Prager (Age 60)Chief Legal & Admin. Officer and Sec. Comp: $577.46kMr. Marc E. Huffman (Age 52)Advisor Comp: $916.07kMr. Mark Woodhams (Age 60)Chief Revenue Officer Comp: $731.88kMr. Patrick VillanovaChief Accounting Officer & ControllerMs. Kimberly UbertiVP of Global Corp. CommunicationsMs. Mary AinsworthChief People OfficerMr. Dominick DiPaoloSr. VP of Americas Enterprise SalesMore ExecutivesKey CompetitorsVaronis SystemsNASDAQ:VRNSAppianNASDAQ:APPNEngageSmartNYSE:ESMTVertexNASDAQ:VERXnCinoNASDAQ:NCNOView All CompetitorsInsiders & InstitutionsBarclays PLCBought 151,200 shares on 9/21/2023Ownership: 0.000%Portside Wealth Group LLCBought 7,925 shares on 9/1/2023Ownership: 0.013%Thomas UntermanSold 750 sharesTotal: $45,000.00 ($60.00/share)Mark WoodhamsSold 558 sharesTotal: $29,016.00 ($52.00/share)California State Teachers Retirement SystemSold 6,526 shares on 8/21/2023Ownership: 0.105%View All Insider TransactionsView All Institutional Transactions BL Stock - Frequently Asked Questions Should I buy or sell BlackLine stock right now? 11 Wall Street 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 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 Wall Street research analysts have issued 12-month target prices for BlackLine's shares. Their BL share price forecasts range from $47.00 to $81.00. On average, they predict the company's share price to reach $60.27 in the next twelve months. This suggests a possible upside of 14.2% 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 21.6% and is now trading at $52.76. 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) issued its quarterly 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 earned $144.57 million during the quarter, compared to the consensus estimate of $143.86 million. BlackLine had a negative net margin of 9.25% and a negative trailing twelve-month return on equity of 37.62%. What ETFs hold BlackLine's stock? 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 Shares (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has BlackLine issued on next quarter's earnings? BlackLine updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $1.45-$1.51 for the period, compared to the consensus EPS 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 (IPO) 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 $52.76. How much money does BlackLine make? BlackLine (NASDAQ:BL) has a market capitalization of $3.22 billion and generates $557.78 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 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding BlackLine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.