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F   13.45 (+2.36%)
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BlackLine - BL Stock Forecast, Price & News

$74.99
+1.37 (+1.86%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$72.49
$75.06
50-Day Range
$62.41
$77.60
52-Week Range
$48.73
$93.11
Volume
479,341 shs
Average Volume
436,602 shs
Market Capitalization
$4.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$68.82

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
1.88 Rating Score
Upside/​Downside
8.2% Downside
$68.82 Price Target
Short Interest
Bearish
7.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.33
Upright™ Environmental Score
News Sentiment
0.48mentions of BlackLine in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$447,591 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.62) to ($0.65) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.32 out of 5 stars

Computer And Technology Sector

579th out of 610 stocks

Prepackaged Software Industry

204th out of 216 stocks

BL stock logo

About BlackLine (NASDAQ:BL) Stock

BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

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BL Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Analyst Expectations for BlackLine's Future
PYPL vs. BL: Which Stock Should Value Investors Buy Now?
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
PYPL or BL: Which Is the Better Value Stock Right Now?
PYPL vs. BL: Which Stock Is the Better Value Option?
Here's Why BlackLine (BL) Looks Ripe for Bottom Fishing
Susan Otto
BlackLine (BL) Upgraded to Buy: Here's Why
See More Headlines
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BL Company Calendar

Last Earnings
11/04/2021
Today
2/07/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,557
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$68.82
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
-8.2%
Consensus Rating
Hold
Rating Score (0-4)
1.88
Research Coverage
8 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-17.96%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.90 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
53,973,000
Market Cap
$4.48 billion
Optionable
Optionable
Beta
0.81

Key Executives

  • Marc E. HuffmanMarc E. Huffman
    President, Chief Executive Officer & Director
  • Mark W. PartinMark W. Partin
    Chief Financial Officer
  • Peter HirschPeter Hirsch
    Chief Technology Officer
  • Karole R. Morgan-Prager
    Secretary, Chief Legal & Administrative Officer
  • Tammy F. Coley
    Chief Transformation Officer













BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 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 forecast for 2023?

8 equities research analysts have issued 12-month price objectives for BlackLine's stock. Their BL share price forecasts range from $50.00 to $95.00. On average, they expect the company's stock price to reach $68.82 in the next year. This suggests that the stock has a possible downside of 7.0%.
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 at the beginning of 2023. Since then, BL stock has increased by 10.0% and is now trading at $73.97.
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 Tuesday, February 14th 2023.
View our BL earnings forecast
.

How can I listen to BlackLine's earnings call?

BlackLine will be holding an earnings conference call on Tuesday, February 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) announced its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. The technology company earned $109.40 million during the quarter, compared to analyst estimates of $107.06 million. BlackLine had a negative trailing twelve-month return on equity of 35.49% and a negative net margin of 15.59%. The company's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share.

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

BlackLine updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $0.15-$0.19 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $138.00 million-$141.00 million, compared to the consensus revenue estimate of $142.59 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."

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (3.49%), Conestoga Capital Advisors LLC (2.34%), Baillie Gifford & Co. (1.77%), Barton Investment Management (1.02%), Chicago Capital LLC (0.85%) and Envestnet Asset Management Inc. (0.43%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Owen Ryan, Patrick Villanova, 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 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 $73.97.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $4.42 billion and generates $425.71 million in revenue each year. The technology company earns $-100,080,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

How many employees does BlackLine have?

The company employs 1,557 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 2/7/2023 by MarketBeat.com Staff