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NASDAQ:BL

Blackline Stock Forecast, Price & News

$85.80
-1.30 (-1.49 %)
(As of 09/23/2020 02:12 PM ET)
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Compare
Today's Range
$85.80
Now: $85.80▼
$88.00
50-Day Range
$72.59
MA: $81.69▼
$92.80
52-Week Range
$38.32
Now: $85.80▼
$94.06
Volume6,202 shs
Average Volume576,022 shs
Market Capitalization$4.88 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.86
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. The company's platform consists of nine core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, Compliance, and Insights. Its solutions include balance sheet integrity, close process management, accounting process automation, finance transformation, intercompany hub, and smart close. The company designs its products to complement enterprise resource planning and other financial systems, including NetSuite, Oracle, SAP, and Workday; and financial close management and accounting automation from within a single, unified cloud platform. It has strategic alliances with technology vendors, such as SAP and NetSuite; professional services firms, including Deloitte, Ernst & Young, and KPMG; and business process outsourcers, such as Cognizant, Genpact, and IBM. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises and mid-market companies across various industries. The company was founded in 2001 and is headquartered in Woodland Hills, California.
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Blackline logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.04 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:BL
Previous Symbol
CUSIPN/A
CIK1666134
Webwww.blackline.com
Phone818-223-9008

Debt

Debt-to-Equity Ratio0.97
Current Ratio3.64
Quick Ratio3.64

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$288.98 million
Price / Sales16.89
Cash Flow$0.29 per share
Price / Cash Flow296.41
Book Value$7.16 per share
Price / Book11.98

Profitability

EPS (Most Recent Fiscal Year)($0.25)
Net Income$-30,700,000.00
Net Margins-12.34%
Return on Equity-1.51%
Return on Assets-0.60%

Miscellaneous

Employees1,055
Outstanding Shares56,899,000
Market Cap$4.88 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$85.80
-1.30 (-1.49 %)
(As of 09/23/2020 02:12 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Blackline (NASDAQ:BL) Frequently Asked Questions

How has Blackline's stock been impacted by Coronavirus?

Blackline's stock was trading at $61.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BL stock has increased by 39.6% and is now trading at $86.05.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Blackline?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Blackline.

When is Blackline's next earnings date?

Blackline is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Blackline.

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) issued its quarterly earnings results on Thursday, August, 6th. The technology company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.09. The technology company had revenue of $83.27 million for the quarter, compared to analysts' expectations of $81.06 million. Blackline had a negative return on equity of 1.51% and a negative net margin of 12.34%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share.
View Blackline's earnings history.

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

Blackline issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.45-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $335.5-338.5 million, compared to the consensus revenue estimate of $340.03 million.

What price target have analysts set for BL?

8 equities research analysts have issued 1 year target prices for Blackline's shares. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's stock price to reach $81.78 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Blackline.

Who are some of Blackline's key competitors?

Some companies that are related to Blackline include TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Slack (WORK), Nice (NICE), Tyler Technologies (TYL), Black Knight (BKI), Mongodb (MDB), Symantec (SYMC), HubSpot (HUBS), NortonLifeLock (NLOK) and Cloudflare (NET).
View all 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 Square (SQ), NVIDIA (NVDA), Walt Disney (DIS), Docusign (DOCU), Slack (WORK), Okta (OKTA), Teladoc Health (TDOC), Twilio (TWLO), JD.Com (JD) and Alibaba Group (BABA).

Who are Blackline's key executives?

Blackline's management team includes the following 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 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."

Who are Blackline's major shareholders?

Blackline's stock is owned by a number of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (17.43%), Vanguard Group Inc. (7.94%), Kayne Anderson Rudnick Investment Management LLC (7.02%), Riverbridge Partners LLC (3.35%), Conestoga Capital Advisors LLC (2.35%) and Bank of America Corp DE (1.22%). Company insiders that own Blackline stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman.
View institutional ownership trends for Blackline.

Which institutional investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Thrivent Financial for Lutherans, Copper Rock Capital Partners LLC, Silvercrest Asset Management Group LLC, Gagnon Securities LLC, Two Sigma Advisers LP, WCM Investment Management LLC, and Bank of America Corp DE. Company insiders that have sold Blackline company stock in the last year include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, Therese Tucker, and Thomas Unterman.
View insider buying and selling activity for Blackline.

Which institutional investors are buying Blackline stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Vanguard Group Inc., Frontier Capital Management Co. LLC, First Trust Advisors LP, Jennison Associates LLC, Nuveen Asset Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Bank of New York Mellon Corp.
View insider buying and selling activity 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 $86.05.

How big of a company is Blackline?

Blackline has a market capitalization of $4.90 billion and generates $288.98 million in revenue each year. The technology company earns $-30,700,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Blackline employs 1,055 workers across the globe.

What is Blackline's official website?

The official website for Blackline is 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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff
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