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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:BL

BlackLine Stock Forecast, Price & News

$68.01
+1.41 (+2.12%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$65.79
$68.26
50-Day Range
$51.79
$78.32
52-Week Range
$49.66
$135.00
Volume
345,491 shs
Average Volume
696,466 shs
Market Capitalization
$4.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$101.00

BlackLine Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
48.5% Upside
$101.00 Price Target
Short Interest
Bearish
10.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.85mentions of BlackLine in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$289.47 K Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.86) to ($0.78) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.89 out of 5 stars

Computer And Technology Sector

512th out of 937 stocks

Prepackaged Software Industry

169th out of 302 stocks

30 days | 90 days | 365 days | Advanced Chart

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BlackLine logo

About BlackLine (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 cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany workflow that stores permissions by entity and transaction type thereby ensuring both the initiator and the approver 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 News Headlines

See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/05/2022
Today
7/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$101.00
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+48.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
6 Analysts

Profitability

Net Income
$-100.08 million
Pretax Margin
-20.97%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.82 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
53,553,000
Market Cap
$4.03 billion
Optionable
Optionable
Beta
0.91














BlackLine Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BlackLine stock.
View analyst ratings for BlackLine
or view top-rated stocks.

What is BlackLine's stock price forecast for 2022?

6 analysts have issued 12 month price targets for BlackLine's stock. Their BL stock forecasts range from $70.00 to $140.00. On average, they predict BlackLine's stock price to reach $101.00 in the next year. This suggests a possible upside of 48.5% from the stock's current price.
View analysts' price targets for BlackLine
or view top-rated stocks among Wall Street analysts.

How has BlackLine's stock price performed in 2022?

BlackLine's stock was trading at $103.54 at the start of the year. Since then, BL shares have decreased by 34.3% and is now trading at $68.01.
View the best growth stocks for 2022 here
.

When is BlackLine's next earnings date?

BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for BlackLine
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings data on Thursday, May, 5th. The technology company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.11. The technology company had revenue of $120.24 million for the quarter, compared to analyst estimates of $119.57 million. BlackLine had a negative net margin of 19.28% and a negative trailing twelve-month return on equity of 12.37%. The company's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS.
View BlackLine's earnings history
.

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

BlackLine updated its second quarter 2022 earnings guidance on Monday, May, 30th. The company provided EPS guidance of 0-$0.01 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $126.00 million-$127.00 million, compared to the consensus revenue estimate of $125.22 million.

Who are BlackLine's key executives?

BlackLine's management team includes the following people:

What is Therese Tucker's approval rating as BlackLine's CEO?

155 employees have rated BlackLine CEO Therese Tucker on Glassdoor.com. Therese Tucker has an approval rating of 90% among BlackLine's employees.

What other stocks do shareholders of BlackLine own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Square (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 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.

What is BlackLine's stock symbol?

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

How do I buy shares of BlackLine?

Shares of BL 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 $68.01.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $4.03 billion and generates $425.71 million in revenue each year. The technology company earns $-100.08 million in net income (profit) each year or ($1.470010) on an earnings per share basis.

How many employees does BlackLine have?

BlackLine 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 BlackLine is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at [email protected].

This page (NASDAQ:BL) was last updated on 7/2/2022 by MarketBeat.com Staff

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