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NASDAQ:BL - Blackline Stock Price, Forecast & News

$62.57
+0.42 (+0.68 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$59.85
Now: $62.57
$64.08
50-Day Range
$55.28
MA: $62.10
$68.74
52-Week Range
$42.23
Now: $62.57
$74.44
Volume900,090 shs
Average Volume537,412 shs
Market Capitalization$3.48 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.73
BlackLine, Inc provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone818-223-9008

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$288.98 million
Cash Flow$0.13 per share
Book Value$5.88 per share

Profitability

Net Income$-32,530,000.00

Miscellaneous

Employees850
Market Cap$3.48 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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Blackline (NASDAQ:BL) Frequently Asked Questions

What is Blackline's stock symbol?

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

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) issued its quarterly earnings data on Thursday, February, 13th. The technology company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.19. The technology company had revenue of $80.26 million for the quarter, compared to analyst estimates of $77.77 million. Blackline had a negative return on equity of 3.38% and a negative net margin of 11.15%. View Blackline's Earnings History.

When is Blackline's next earnings date?

Blackline is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Blackline.

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

Blackline issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $0.45-0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $347-352 million, compared to the consensus revenue estimate of $346.57 million.

What price target have analysts set for BL?

7 equities research analysts have issued 12 month price targets for Blackline's shares. Their forecasts range from $41.00 to $79.00. On average, they anticipate Blackline's stock price to reach $63.43 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price. View Analyst Price Targets for Blackline.

What is the consensus analysts' recommendation for Blackline?

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

Has Blackline been receiving favorable news coverage?

Media stories about BL stock have been trending very negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing 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 -4.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Blackline.

Are investors shorting Blackline?

Blackline saw a decline in short interest in February. As of February 14th, there was short interest totalling 5,610,000 shares, a decline of 8.5% from the January 30th total of 6,130,000 shares. Based on an average daily volume of 396,200 shares, the short-interest ratio is currently 14.2 days. Approximately 11.8% of the company's shares are sold short. View Blackline's Current Options Chain.

Who are some of Blackline's key competitors?

What other stocks do shareholders of Blackline own?

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

Who are Blackline's key executives?

Blackline's management team includes the folowing people:
  • Ms. Therese Tucker, Founder, CEO & Director (Age 58)
  • Mr. Mark W. Partin, CFO & Treasurer (Age 51)
  • Mr. Marc E. Huffman, Chief Operating Officer (Age 48)
  • Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 56)
  • Mr. Patrick Villanova, Chief Accounting Officer & Controller

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 $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.

Who are Blackline's major shareholders?

Blackline's stock is owned by a number of of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (7.13%), Artisan Partners Limited Partnership (3.46%), Riverbridge Partners LLC (3.40%), Fred Alger Management LLC (3.06%), Conestoga Capital Advisors LLC (2.75%) and FMR LLC (2.16%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Peter Hirsch, Sumeru (Gp) LLC Slta, Therese Tucker and Thomas Unterman. View Institutional Ownership Trends for Blackline.

Which major investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, First Trust Advisors LP, AXA, Chicago Equity Partners LLC, Migdal Insurance & Financial Holdings Ltd., Man Group plc, Credit Suisse AG and Strs Ohio. Company insiders that have sold Blackline company stock in the last year include Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Peter Hirsch, Therese Tucker and Thomas Unterman. View Insider Buying and Selling for Blackline.

Which major investors are buying Blackline stock?

BL stock was purchased by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Conestoga Capital Advisors LLC, FMR LLC, Fred Alger Management LLC, Public Sector Pension Investment Board, Renaissance Technologies LLC, Goldman Sachs Group Inc. and WCM Investment Management LLC. View Insider Buying and Selling for Blackline.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Blackline's stock price today?

One share of BL stock can currently be purchased for approximately $62.57.

How big of a company is Blackline?

Blackline has a market capitalization of $3.48 billion and generates $288.98 million in revenue each year. The technology company earns $-32,530,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Blackline employs 850 workers across the globe.View Additional Information About Blackline.

What is Blackline's official website?

The official website for Blackline is http://www.blackline.com/.

How can I contact Blackline?

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]


MarketBeat Community Rating for Blackline (NASDAQ BL)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  335 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  594
MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe BL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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