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Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
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The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
Inflation is Why a Soft Landing is Bad for the Economy
The Strategic Gold Play You Haven't Heard About (Ad)
EU announces plans to better protect its sensitive technologies from foreign snooping
A Growing 4% Dividend makes this a REIT to Shop For
Lowest-Rated StocksLowest-Rated
NASDAQ:BL

BlackLine (BL) Stock Forecast, Price & News

$52.76
-1.07 (-1.99%)
(As of 10/3/2023 ET)
Compare
Today's Range
$52.53
▼
$54.83
50-Day Range
$48.93
▼
$60.06
52-Week Range
$48.22
▼
$77.90
Volume
697,932 shs
Average Volume
597,191 shs
Market Capitalization
$3.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$60.27
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
14.2% Upside
$60.27 Price Target
Short Interest
Bearish
5.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.86mentions 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.

2.21 out of 5 stars

Computer And Technology Sector

311th out of 596 stocks

Prepackaged Software Industry

104th out of 203 stocks

See Top Rated MarketRank™ Stocks Here

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

October 3, 2023 | forbes.com
AI Disruption: A Strategic Framework For Corporate Directors
October 2, 2023 | finance.yahoo.com
William 'Bill' Wagner Joins BlackLine Board of Directors
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts 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.com
BlackLine, Inc. (NASDAQ:BL) Given Average Recommendation of "Hold" by Brokerages
September 29, 2023 | benzinga.com
Blackline Safety Named One of Canada's Top Growing Companies for Fifth Consecutive Year
September 26, 2023 | finance.yahoo.com
BlackLine Names Human Resources Leader Mary Ainsworth as Chief People Officer
September 20, 2023 | msn.com
$19M apartment complex converted from historic St. Louis factory building opens
September 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 About
Experts 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.com
Is BlackLine, Inc. (NASDAQ:BL) Expensive For A Reason? A Look At Its Intrinsic Value
September 19, 2023 | msn.com
Truist Securities Reiterates BlackLine (BL) Hold Recommendation
September 19, 2023 | markets.businessinsider.com
Blackline Safety (BLN) Gets a Buy Rating from TD Securities
September 18, 2023 | msn.com
BlackLine's projected growth marked amid changing institutional interest
September 18, 2023 | markets.businessinsider.com
What 7 Analyst Ratings Have To Say About BlackLine
September 18, 2023 | markets.businessinsider.com
BlackLine (BL) Receives a New Rating from a Top Analyst
September 15, 2023 | markets.businessinsider.com
William Blair Keeps Their Buy Rating on BlackLine (BL)
September 14, 2023 | markets.businessinsider.com
Goldman Sachs Reaffirms Their Sell Rating on BlackLine (BL)
September 14, 2023 | tmcnet.com
Blackline Safety Reports Fiscal Third Quarter 2023 Results - Record Revenue of $24.8 Million Up 34% Year-Over-Year
September 13, 2023 | stockhouse.com
BlackLine BeyondTheBlack(TM) 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers Speaking
September 12, 2023 | finance.yahoo.com
BlackLine Announces Industry's First AI-Enabled Intercompany Accounting Capabilities
September 11, 2023 | finance.yahoo.com
BlackLine BeyondTheBlack™ 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers Speaking
September 7, 2023 | barrons.com
BlackLine Inc.
September 6, 2023 | finance.yahoo.com
Leading Middle East Energy Companies Select Blackline Safety
September 5, 2023 | markets.businessinsider.com
Bank of America Securities Remains a Sell on BlackLine (BL)
September 1, 2023 | markets.businessinsider.com
Robert W. Baird Sticks to Their Buy Rating for BlackLine (BL)
August 30, 2023 | finance.yahoo.com
BlackLine Honors 2023 Modern Accounting Award Winners: CVS Health, Barentz, Kimberly-Clark, Premier Trailer Leasing, Nippon Express Holdings, and Boeing
August 29, 2023 | markets.businessinsider.com
BlackLine (BL) Gets a Buy from BTIG
See More Headlines
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BL Company Calendar

Last Earnings
8/08/2023
Today
10/04/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:BL
CUSIP
N/A
CIK
1666134
Web
www.blackline.com
Phone
(818) 223-9008
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
+14.2%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.77)
Trailing P/E Ratio
N/A
Forward P/E Ratio
135.28
P/E Growth
2.87
Net Income
$-33,520,000.00
Net Margins
-9.25%
Pretax Margin
2.55%
Return on Equity
-37.62%
Return on Assets
-2.35%

Debt

Debt-to-Equity Ratio
7.87
Current Ratio
3.62
Quick Ratio
3.62

Sales & Book Value

Annual Sales
$557.78 million
Price / Sales
5.77
Cash Flow
$0.16 per share
Price / Cash Flow
327.65
Book Value
$1.87 per share
Price / Book
28.21

Miscellaneous

Outstanding Shares
60,981,000
Free Float
54,926,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
0.87
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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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