BlackLine Stock Price, News & Analysis (NASDAQ:BL) $58.81 -0.91 (-1.52%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$58.46▼$59.3750-Day Range$48.07▼$60.0052-Week Range$47.26▼$77.90Volume522,762 shsAverage Volume586,667 shsMarket Capitalization$3.60 billionP/E RatioN/ADividend YieldN/APrice Target$61.44 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability BlackLine MarketRank™ Stock AnalysisAnalyst RatingHold2.22 Rating ScoreUpside/Downside4.5% Upside$61.44 Price TargetShort InterestHealthy4.31% of Float Sold ShortDividend StrengthN/ASustainability-0.63Upright™ Environmental ScoreNews Sentiment0.43Based on 5 Articles This WeekInsider TradingSelling Shares$45,000 Sold Last QuarterProj. Earnings Growth14.49%From $0.69 to $0.79 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.1.84 out of 5 starsComputer And Technology Sector453rd out of 592 stocksPrepackaged Software Industry135th out of 188 stocks 1.1 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.44, BlackLine has a forecasted upside of 4.5% from its current price of $58.81.Amount of Analyst CoverageBlackLine has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.31% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in BlackLine has recently decreased by 4.42%, indicating that investor sentiment is improving. 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 3.0 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.43. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for BlackLine this week, compared to 4 articles on an average week.Search Interest2 people have searched for BL on MarketBeat in the last 30 days. MarketBeat Follows5 people have added BlackLine to their MarketBeat watchlist in the last 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 $45,000.00 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 1.3 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to grow by 14.49% in the coming year, from $0.69 to $0.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is -245.04, 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 -245.04, 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 1.72. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 31.45. 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 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.Read More BL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BL Stock News HeadlinesDecember 5, 2023 | finance.yahoo.comBlackline Safety Corp.'s (TSE:BLN) biggest owners are individual investors who got richer after stock soared 12% last weekDecember 4, 2023 | finance.yahoo.comHere’s Why Artisan Small Cap Fund Trimmed BlackLine (BL)December 6, 2023 | Financial Alphas (Ad)Countries Are Investing Heavily Into Securing Energy IndependenceThere'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.November 29, 2023 | finance.yahoo.comBlackLine Sets New Standard with Addition of Trade Management Capabilities to its Intercompany Financial Management SolutionsNovember 21, 2023 | finance.yahoo.comBlackLine (BL) Crossed Above the 200-Day Moving Average: What That Means for InvestorsNovember 15, 2023 | finance.yahoo.comBlackLine Announces Participation in Upcoming Investor ConferenceNovember 14, 2023 | seekingalpha.comBlackLine: Margin Gains Offset By Weaker GrowthNovember 6, 2023 | markets.businessinsider.comBlackLine’s Performance: Balancing Satisfactory Q3 Results with Macro Challenges and Declining Customer RetentionDecember 6, 2023 | Financial Alphas (Ad)Countries Are Investing Heavily Into Securing Energy IndependenceThere'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.November 4, 2023 | finance.yahoo.comBlackLine (NASDAQ:BL) shareholders are up 13% this past week, but still in the red over the last three yearsNovember 3, 2023 | finance.yahoo.comBlackLine, Inc. (NASDAQ:BL) Q3 2023 Earnings Call TranscriptNovember 3, 2023 | finanznachrichten.deBlackLine, Inc.: BlackLine Announces Third Quarter Financial ResultsNovember 3, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for BlackLineNovember 2, 2023 | finance.yahoo.comBlackLine Inc (BL) Reports Q3 2023 Earnings: GAAP Net Income Rises to $11.9 MillionNovember 2, 2023 | finance.yahoo.comBlackLine's (NASDAQ:BL) Posts Q3 Sales In Line With Estimates But Quarterly Guidance UnderwhelmsNovember 1, 2023 | markets.businessinsider.comWhat Wall Street expects from BlackLine's earningsNovember 1, 2023 | finance.yahoo.comBlackLine (BL) Q3 Earnings Report Preview: What To Look ForOctober 31, 2023 | seekingalpha.comBlackLine: Near-Term Headwinds Warrant A DiscountOctober 19, 2023 | finance.yahoo.comBlackLine Announces Date for Third Quarter 2023 Earnings Release and Conference CallOctober 19, 2023 | benzinga.comBlackline Safety to Introduce New Features for Award-Winning G7 EXO Area Gas MonitorOctober 18, 2023 | msn.comThe Top Stocks to Buy With $400 Right NowOctober 16, 2023 | finance.yahoo.comBlackLine Expands Connectivity and Unification with Microsoft Ecosystem for a Faster and More Efficient Financial Close and ConsolidationOctober 10, 2023 | msn.comUS software giant BlackLine acquires Wiltshire businessOctober 10, 2023 | finance.yahoo.comBlackLine Expands Accounts Receivable Automation Solutions with e-Invoice Presentment and Payment (EIPP)October 5, 2023 | finance.yahoo.comBlackline Safety (TSE:BLN) shareholders have earned a 95% return over the last yearOctober 3, 2023 | forbes.comAI Disruption: A Strategic Framework For Corporate DirectorsOctober 2, 2023 | finance.yahoo.comWilliam 'Bill' Wagner Joins BlackLine Board of DirectorsSee 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 Company Calendar Last Earnings11/02/2023Today12/05/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/13/2024Get 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 Target$61.44 High Stock Price Target$81.00 Low Stock Price Target$47.00 Potential Upside/Downside+4.5%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.24) Trailing P/E RatioN/A Forward P/E Ratio85.23 P/E Growth1.72Net Income$-33,520,000.00 Net Margins-3.42% Pretax Margin7.70% Return on Equity-14.40% Return on Assets-1.14% Debt Debt-to-Equity Ratio5.28 Current Ratio2.18 Quick Ratio2.18 Sales & Book Value Annual Sales$522.94 million Price / Sales6.89 Cash Flow$0.17 per share Price / Cash Flow354.41 Book Value$1.87 per share Price / Book31.45Miscellaneous Outstanding Shares61,270,000Free Float55,186,000Market Cap$3.60 billion OptionableOptionable Beta0.88 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Owen M. Ryan (Age 60)Chairman of the Board & Co-CEO Comp: $83.12kMs. Therese Tucker (Age 62)Founder, Executive Director & Co-CEO Comp: $551.57kMr. Mark W. Partin (Age 55)CFO & Treasurer Comp: $652.55kMs. Karole Morgan-Prager (Age 60)Chief Legal & Administrative Officer and Secretary 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 & ControllerMr. Matt Humphries C.F.A.Vice President of Investor RelationsMs. Kimberly UbertiVice President of Global Corporate CommunicationsMs. Mary AinsworthChief People OfficerMore ExecutivesKey CompetitorsC3.aiNYSE:AIBOXNYSE:BOXnCinoNASDAQ:NCNOPaycor HCMNASDAQ:PYCRSquarespaceNYSE:SQSPView All CompetitorsInsiders & InstitutionsThomas UntermanSold 750 sharesTotal: $45,000.00 ($60.00/share)American Century Companies Inc.Bought 8,366 shares on 11/30/2023Ownership: 0.014%Deutsche Bank AGBought 3,181 shares on 11/24/2023Ownership: 0.048%Graham Capital Management L.P.Sold 15,207 shares on 11/22/2023Ownership: 0.008%Walleye Capital LLCBought 24,400 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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? 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). 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 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. 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