Blackline Stock Price, Forecast & Analysis (NASDAQ:BL)

Blackline trades on the NASDAQ under the ticker symbol "BL."

Blackline Inc (NASDAQ:BL) announced its quarterly earnings data on Wednesday, November, 6th. The technology company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.09. The technology company earned $74.93 million during the quarter, compared to analyst estimates of $72.33 million. Blackline had a negative net margin of 11.36% and a negative return on equity of 4.36%. The firm's revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. View Blackline's Earnings History.

Blackline is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Blackline.

Blackline updated its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided EPS guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $77.3-78.3 million, compared to the consensus revenue estimate of $76.59 million.

4 brokerages have issued 12-month price objectives for Blackline's stock. Their forecasts range from $41.00 to $62.00. On average, they expect Blackline's stock price to reach $52.67 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for Blackline.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackline.

News articles about BL stock have been trending somewhat negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Blackline earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Blackline.

Blackline saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,960,000 shares, a decline of 5.5% from the September 30th total of 6,310,000 shares. Based on an average daily trading volume, of 516,600 shares, the days-to-cover ratio is currently 11.5 days. Approximately 12.6% of the shares of the company are sold short. View Blackline's Current Options Chain.

Some companies that are related to Blackline include Tyler Technologies (TYL), Crowdstrike (CRWD), Temenos (TMNSF), Datadog (DDOG), Guidewire Software (GWRE), Black Knight (BKI), PTC (PTC), Coupa Software (COUP), Momo (MOMO), Ceridian HCM (CDAY), Dropbox (DBX), Trend Micro (TMICY), Mongodb (MDB), Anaplan (PLAN) and UBISOFT ENTMT S/ADR (UBSFY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackline investors own include IQIYI (IQ), Square (SQ), NVIDIA (NVDA), Walt Disney (DIS), Micron Technology (MU), Okta (OKTA), Alibaba Group (BABA), Activision Blizzard (ATVI), JD.Com (JD) and Teladoc Health (TDOC).

(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.

Blackline's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (3.42%), Conestoga Capital Advisors LLC (2.08%), Chicago Capital LLC (1.10%), Barton Investment Management (1.08%), First Trust Advisors LP (0.84%) and Copper Rock Capital Partners LLC (0.49%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Institutional Ownership Trends for Blackline.

BL stock was sold by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Russell Investments Group Ltd., Riverbridge Partners LLC, Great West Life Assurance Co. Can, Oppenheimer Asset Management Inc., Dupont Capital Management Corp, Conestoga Capital Advisors LLC and Rhumbline Advisers. Company insiders that have sold Blackline company stock in the last year include Mario Spanicciati, Mark Partin, Morgan Karole Prager and Therese Tucker. View Insider Buying and Selling for Blackline.

BL stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Chicago Equity Partners LLC, Mackay Shields LLC, State of New Jersey Common Pension Fund D, First Trust Advisors LP, Chicago Capital LLC, California Public Employees Retirement System and Barton Investment Management. View Insider Buying and Selling for Blackline.

Shares of BL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of BL stock can currently be purchased for approximately $52.56.

Blackline has a market capitalization of $2.92 billion and generates $227.79 million in revenue each year. The technology company earns $-27,800,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Blackline employs 850 workers across the globe.View Additional Information About Blackline.

The official website for Blackline is http://www.blackline.com/.

Blackline's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The technology company can be reached via phone at 818-223-9008 or via email at [email protected]