BlackLine - BL Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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8 brokerages have issued 1-year price objectives for BlackLine's shares. Their BL share price forecasts range from $64.00 to $140.00. On average, they anticipate the company's stock price to reach $92.80 in the next twelve months. This suggests a possible upside of 59.6% from the stock's current price.
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BlackLine's stock was trading at $103.54 at the beginning of the year. Since then, BL stock has decreased by 43.8% and is now trading at $58.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BL earnings forecast.

BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings data on Thursday, August, 4th. The technology company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by $0.03. The technology company earned $128.48 million during the quarter, compared to analysts' expectations of $126.54 million. BlackLine had a negative trailing twelve-month return on equity of 22.04% and a negative net margin of 15.09%. The company's revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS.

BlackLine updated its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of $0.08-$0.10 for the period, compared to the consensus estimate of $0.04. The company issued revenue guidance of $133.00 million-$135.00 million, compared to the consensus revenue estimate of $135.38 million.

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.

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).

(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.

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

BlackLine's stock is owned by many different institutional and retail investors. Top institutional shareholders include Clearlake Capital Group L.P. (9.08%), Kayne Anderson Rudnick Investment Management LLC (4.34%), DF Dent & Co. Inc. (4.24%), Riverbridge Partners LLC (3.73%), Riverbridge Partners LLC (3.32%) and Artisan Partners Limited Partnership (2.99%). 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.
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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.
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One share of BL stock can currently be purchased for approximately $58.15.

BlackLine (NASDAQ:BL) has a market capitalization of $3.47 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 ($1.21) on an earnings per share basis.

The company employs 1,557 workers across the globe.

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.