NASDAQ:BL - Blackline Stock Price, Forecast & News

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

Blackline Inc (NASDAQ:BL) posted its quarterly earnings data on Wednesday, November, 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $72.33 million. Blackline had a negative net margin of 11.36% and a negative return on equity of 4.36%. The company's revenue was up 27.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. 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 will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Blackline issued an update on its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided earnings per share (EPS) 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.

6 equities research analysts have issued 12 month price objectives for Blackline's stock. Their forecasts range from $41.00 to $75.00. On average, they expect Blackline's stock price to reach $58.60 in the next year. This suggests that the stock has a possible downside of 5.3%. View Analyst Price Targets for Blackline.

6 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackline.

Media headlines about BL stock have been trending positive on Friday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 2.2 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Blackline.

Blackline saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,280,000 shares, an increase of 6.3% from the December 15th total of 5,910,000 shares. Based on an average daily volume of 353,700 shares, the days-to-cover ratio is currently 17.8 days. Approximately 13.2% of the shares of the company are sold short. View Blackline's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackline investors own include IQIYI (IQ), NVIDIA (NVDA), Square (SQ), Walt Disney (DIS), Alibaba Group (BABA), Twilio (TWLO), JD.Com (JD), Match Group (MTCH), Okta (OKTA) and Stitch Fix (SFIX).

(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 a variety of of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.40%), Chicago Capital LLC (1.11%), Copper Rock Capital Partners LLC (0.48%), Gradient Investments LLC (0.05%), Advisors Capital Management LLC (0.01%) and We Are One Seven LLC (0.01%). 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, Therese Tucker and Thomas Unterman. View Institutional Ownership Trends for Blackline.

BL stock was sold by a variety of institutional investors in the last quarter, including Diversified Trust Co, Riverbridge Partners LLC, Copper Rock Capital Partners LLC and We Are One Seven LLC. Company insiders that have sold Blackline company stock in the last year include Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Therese Tucker and Thomas Unterman. View Insider Buying and Selling for Blackline.

BL stock was purchased by a variety of institutional investors in the last quarter, including Chicago Capital LLC, Advisors Capital Management LLC, Carroll Financial Associates Inc. and Gradient Investments 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 $61.88.

Blackline has a market capitalization of $3.44 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]