S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
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Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches

BlackLine (BL) Stock Price, News & Analysis

$58.71
+1.98 (+3.49%)
(As of 03/1/2024 ET)
Today's Range
$56.64
$58.81
50-Day Range
$55.71
$64.78
52-Week Range
$47.26
$71.34
Volume
517,507 shs
Average Volume
586,068 shs
Market Capitalization
$3.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$60.90

BlackLine MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.7% Upside
$60.90 Price Target
Short Interest
Healthy
4.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.62
Upright™ Environmental Score
News Sentiment
0.95mentions of BlackLine in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$604,377 Sold Last Quarter
Proj. Earnings Growth
3.92%
From $1.02 to $1.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.72 out of 5 stars

Computer And Technology Sector

220th out of 595 stocks

Prepackaged Software Industry

61st out of 203 stocks


BL stock logo

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.

BL Stock Price History

BL Stock News Headlines

Atkins, Blackline at 52-Week Highs on News
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
BlackLine Full Year 2023 Earnings: EPS Beats Expectations
William Blair downgrades BlackLine on lack of growth visibility
BlackLine price target lowered by $4 at Baird, here's why
Q4 2023 Blackline Inc Earnings Call
BlackLine (BL) Surpasses Q4 Earnings and Revenue Estimates
BlackLine: Q4 Earnings Insights
Expert Ratings For BlackLine
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
3/02/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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 Target
$60.90
High Stock Price Target
$81.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$52.83 million
Pretax Margin
10.26%

Debt

Sales & Book Value

Annual Sales
$590 million
Cash Flow
$1.48 per share
Book Value
$4.24 per share

Miscellaneous

Free Float
55,411,000
Market Cap
$3.61 billion
Optionable
Optionable
Beta
0.87
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BL Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 4 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 target for 2024?

10 brokers have issued 1-year price targets for BlackLine's stock. Their BL share price targets range from $52.00 to $81.00. On average, they anticipate the company's stock price to reach $60.90 in the next year. This suggests a possible upside of 3.7% 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 2024?

BlackLine's stock was trading at $62.44 at the start of the year. Since then, BL shares have decreased by 6.0% and is now trading at $58.71.
View the best growth stocks for 2024 here
.

When is BlackLine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 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, 4th. The technology company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.13. The technology company earned $109.40 million during the quarter, compared to the consensus estimate of $107.06 million. BlackLine had a negative net margin of 1.50% and a positive trailing twelve-month return on equity of 2.15%. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS.

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

BlackLine issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 2.010-2.140 for the period, compared to the consensus earnings per share estimate of 2.020. The company issued revenue guidance of $637.5 million-$649.5 million, compared to the consensus revenue estimate of $656.1 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.00%), Riverbridge Partners LLC (3.28%), Brown Advisory Inc. (3.10%), Riverbridge Partners LLC (3.09%), Conestoga Capital Advisors LLC (2.31%) and Geneva Capital Management LLC (1.51%). Insiders that own company stock include Graham Smith, Kevin B Thompson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BL) was last updated on 3/2/2024 by MarketBeat.com Staff