NASDAQ:BL

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: 1.15
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

3.0

Analyst's Opinion

Consensus Rating
BlackLine 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/Downside
According to analysts' consensus price target of $60.27, BlackLine has a forecasted upside of 12.0% from its current price of $53.83.
Amount of Analyst Coverage
BlackLine has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
5.76% of the float of BlackLine has been sold short.
Short Interest Ratio / Days to Cover
BlackLine has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in BlackLine has recently increased by 1.42%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
BlackLine does not currently pay a dividend.
Dividend Growth
BlackLine does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
BlackLine has received a 31.22% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Project management software", "Financial reporting services", and "Procurement data analysis and optimisation software" products. See details.
Environmental Sustainability
The Environmental Impact score for BlackLine is -0.69.

2.9

News and Social Media Coverage

News Sentiment
BlackLine has a news sentiment score of 1.15. 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 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for BlackLine this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 1 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 9.93% of the stock of BlackLine is held by insiders.
Percentage Held by Institutions
95.13% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of BlackLine is -69.91, 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. Sector
The P/E ratio of BlackLine is -69.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
BlackLine has a PEG Ratio of 2.87. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BlackLine has a P/B Ratio of 28.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

BL Stock News Headlines

October 2, 2023 | finance.yahoo.com

William 'Bill' Wagner Joins BlackLine Board of Directors

October 2, 2023 | americanbankingnews.com

BlackLine, Inc. (NASDAQ:BL) Given Average Recommendation of "Hold" by Brokerages

October 2, 2023 | Behind the Markets (Ad)

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.

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)

September 20, 2023 | finance.yahoo.com

Is BlackLine, Inc. (NASDAQ:BL) Expensive For A Reason? A Look At Its Intrinsic Value

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

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

August 28, 2023 | markets.businessinsider.com

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

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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: +11.3%
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: 138.90
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: $522.94 million
Price / Sales: 6.32
Cash Flow: $0.17 per share
Price / Cash Flow: 327.65
Book Value: $1.87 per share
Price / Book: 28.97

Miscellaneous

Outstanding Shares: 60,980,000
Free Float: 54,926,000
Market Cap: $3.30 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Mr. Owen M. Ryan (Age 60)
Chairman & Co-CEO
Comp: $83.12k

Ms. Therese Tucker (Age 62)
Founder, Exec. Director & Co-CEO
Comp: $551.57k

Mr. 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. Huffman (Age 52)
Advisor
Comp: $916.07k

Mr. 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 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?: 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 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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