NASDAQ:BL - Blackline Stock Price, Forecast & News

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 (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.09. The technology company had revenue of $74.93 million for the quarter, compared to analysts' expectations of $72.33 million. Blackline had a negative net margin of 11.36% and a negative return on equity of 4.36%. The business's revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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 earnings per share guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus EPS 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 analysts have issued 12-month price targets for Blackline's stock. Their forecasts range from $41.00 to $62.00. On average, they expect Blackline's share price to reach $54.50 in the next twelve months. 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 coverage about BL stock has been trending somewhat positive on Monday, InfoTrie reports. The research group identifies positive and negative 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 nearest to five being the most favorable. Blackline earned a media sentiment score of 1.3 on InfoTrie's scale. They also gave news stories 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 company's share price in the near term. View News Stories for Blackline.

Blackline saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,960,000 shares, a decline of 5.5% from the October 31st total of 6,310,000 shares. Based on an average trading volume of 516,600 shares, the days-to-cover ratio is presently 11.5 days. Approximately 12.6% of the shares of the company 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 initial public offering 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.

Blackline's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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 acquired 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]