NASDAQ:BL - Blackline Stock Price, Forecast & News

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

Blackline Inc (NASDAQ:BL) released its quarterly earnings results on Wednesday, November, 6th. The technology company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.09. The technology company earned $74.93 million during the quarter, compared to analysts' expectations of $72.33 million. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%. The firm's revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period last year, the firm 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 issued an update on 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.

5 Wall Street analysts have issued 1-year target prices for Blackline's shares. Their forecasts range from $41.00 to $62.00. On average, they anticipate Blackline's stock price to reach $54.50 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Blackline.

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

Media stories about BL stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackline earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Blackline.

Blackline saw a drop in short interest in November. As of November 15th, there was short interest totalling 5,960,000 shares, a drop of 5.5% from the October 31st total of 6,310,000 shares. Based on an average daily volume of 516,600 shares, the short-interest ratio is currently 11.5 days. Currently, 12.6% of the company's shares are short sold. View Blackline's Current Options Chain.

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

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), Alibaba Group (BABA), JD.Com (JD), Micron Technology (MU), Okta (OKTA), Teladoc Health (TDOC) and Twilio (TWLO).

(BL) raised $120 million in an 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 acted 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 institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (3.42%), Conestoga Capital Advisors LLC (2.08%), State Street Corp (1.59%), Chicago Capital LLC (1.10%), Barton Investment Management (1.08%) and Millennium Management LLC (1.01%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta and Therese Tucker. 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, State Street Corp, Russell Investments Group Ltd., Riverbridge Partners LLC, Great West Life Assurance Co. Can, Oppenheimer Asset Management Inc., Dupont Capital Management Corp and Conestoga Capital Advisors LLC. Company insiders that have sold Blackline company stock in the last year include Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager and Therese Tucker. View Insider Buying and Selling for Blackline.

BL stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Barclays PLC, 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 and Chicago Capital LLC. 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 $51.74.

Blackline has a market capitalization of $2.88 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]