About BlackLine (NASDAQ:BL)
BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management solution that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform, primarily through direct sales force to enterprises, mid-market companies, and multinational corporations. BlackLine, Inc. has a strategic alliance with Ernst & Young LLP to expand process automation capabilities and finance transformation services. The company was founded in 2001 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:BL
CUSIPN/A
Phone818-223-9008
Debt
Debt-to-Equity RatioN/A
Current Ratio1.42%
Quick Ratio1.42%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$177.03 million
Price / Sales12.37
Cash Flow$0.0155 per share
Price / Cash2,644.90
Book Value$5.57 per share
Price / Book7.37
Profitability
EPS (Most Recent Fiscal Year)($0.37)
Net Income$-38,060,000.00
Net Margins-21.50%
Return on Equity-6.53%
Return on Assets-4.51%
Miscellaneous
Employees740
Outstanding Shares53,350,000
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) released its earnings results on Thursday, February, 15th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.12. The technology company earned $50.23 million during the quarter, compared to analysts' expectations of $47.69 million. BlackLine had a negative return on equity of 6.53% and a negative net margin of 21.50%. The company's revenue was up 42.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. View BlackLine's Earnings History.
When is BlackLine's next earnings date?
What guidance has BlackLine issued on next quarter's earnings?
BlackLine updated its FY18 earnings guidance on Thursday, February, 15th. The company provided earnings per share guidance of $0.00 to $0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). The company issued revenue guidance of $219 million to $224 million, compared to the consensus revenue estimate of $224.38 million.BlackLine also updated its Q1 guidance to -0.02 to -0.04 EPS.
What price target have analysts set for BL?
6 analysts have issued twelve-month target prices for BlackLine's shares. Their predictions range from $27.00 to $52.00. On average, they anticipate BlackLine's stock price to reach $41.00 in the next twelve months. View Analyst Ratings for BlackLine.
What are Wall Street analysts saying about BlackLine stock?
Here are some recent quotes from research analysts about BlackLine stock:
- 1. KeyCorp analysts commented, "We view BL as a core cloud software company to own as it is just starting to scratch the surface of an $18.5B TAM. We are raising our PT to $52 using discounted cash flow assumptions." (3/12/2018)
- 2. According to Zacks Investment Research, "BlackLine, Inc. is a provider of cloud-based solutions for Finance & Accounting which centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. BlackLine, Inc. is headquartered in Los Angeles, California. " (2/22/2018)
Are investors shorting BlackLine?
BlackLine saw a drop in short interest in March. As of March 15th, there was short interest totalling 1,087,678 shares, a drop of 24.0% from the February 28th total of 1,430,728 shares. Based on an average trading volume of 950,294 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.1% of the shares of the stock are short sold.
Who are some of BlackLine's key competitors?
Some companies that are related to BlackLine include Tyler Technologies (TYL), Temenos Group (TMNSF), Trend Micro (TMICY), Micro Focus (MFGP), The Ultimate Software Group (ULTI), Momo (MOMO), Black Knight (BKI), Tableau Software (DATA), Sina (SINA), Paycom (PAYC), Konami (KNMCY), National Instruments (NATI), Guidewire Software (GWRE), LogMeIn (LOGM) and MuleSoft (MULE).
Who are BlackLine's key executives?
BlackLine's management team includes the folowing people:
- Ms. Therese Tucker, Founder, CEO & Director (Age 57)
- Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 55)
- Mr. Chris Murphy, Chief Revenue Officer (Age 50)
- Mr. Mark W. Partin, CFO & Treasurer (Age 50)
- Mr. Marc E. Huffman, Chief Operating Officer (Age 47)
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 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.
Has BlackLine been receiving favorable news coverage?
Headlines about BL stock have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BlackLine earned a coverage optimism score of 0.12 on Accern's scale. They also assigned news headlines about the technology company an impact score of 47.61 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
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, Scottrade, Fidelity and Charles Schwab.
What is BlackLine's stock price today?
One share of BL stock can currently be purchased for approximately $41.05.
How big of a company is BlackLine?
BlackLine has a market capitalization of $2.19 billion and generates $177.03 million in revenue each year. The technology company earns $-38,060,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. BlackLine employs 740 workers across the globe.
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 (BL)
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.
BlackLine (NASDAQ:BL) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for BlackLine in the last 12 months. Their average twelve-month price target is $41.00, suggesting that the stock has a possible downside of 0.12%. The high price target for BL is $52.00 and the low price target for BL is $27.00. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.67 | 2.67 |
| Ratings Breakdown: | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $41.00 | $41.00 | $37.50 | $37.20 |
| Price Target Upside: | 0.12% downside | 1.49% upside | 9.49% upside | 8.64% upside |
BlackLine (NASDAQ:BL) Consensus Price Target History
BlackLine (NASDAQ:BL) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
BlackLine (NASDAQ:BL) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
BlackLine (NASDAQ BL) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 18.60%
Institutional Ownership Percentage: 81.19%
BlackLine (NASDAQ BL) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/15/2018 | Iconiq Strategic Partners, L.P | Major Shareholder | Sell | 2,000,000 | $40.75 | $81,500,000.00 | |  |
| 3/15/2018 | Mario Spanicciati | Insider | Sell | 700,000 | $40.75 | $28,525,000.00 | | |
| 3/15/2018 | Therese Tucker | CEO | Sell | 340,000 | $40.75 | $13,855,000.00 | | |
| 3/14/2018 | Chris Murphy | CRO | Sell | 50,000 | $39.60 | $1,980,000.00 | 68,872 | |
| 12/7/2017 | Mario Spanicciati | Insider | Sell | 434,783 | $34.07 | $14,813,056.81 | | |
| 12/7/2017 | Sumeru (Gp) L.L.C. Slta | Major Shareholder | Sell | 2,649,698 | $34.07 | $90,275,210.86 | | |
| 12/7/2017 | William J.G. Griffith | Director | Sell | 1,415,519 | $34.07 | $48,226,732.33 | | |
| 12/4/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $35.87 | $457,342.50 | | |
| 11/27/2017 | Mario Spanicciati | CMO | Sell | 12,750 | $38.17 | $486,667.50 | | |
| 11/20/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $36.79 | $469,072.50 | | |
| 11/15/2017 | Therese Tucker | CEO | Sell | 2,000 | $35.31 | $70,620.00 | | |
| 11/13/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $35.45 | $451,987.50 | | |
| 11/6/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $35.18 | $448,545.00 | | |
| 10/30/2017 | Mario Spanicciati | CMO | Sell | 12,750 | $35.05 | $446,887.50 | | |
| 10/25/2017 | Mario Spanicciati | CMO | Sell | 2,125 | $35.00 | $74,375.00 | | |
| 10/23/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $34.06 | $361,887.50 | | |
| 10/16/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $33.57 | $356,681.25 | | |
| 10/9/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $33.49 | $355,831.25 | | |
| 10/2/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $34.14 | $362,737.50 | | |
| 9/25/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $33.01 | $350,731.25 | | |
| 9/18/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $32.99 | $350,518.75 | | |
| 9/12/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $33.32 | $424,830.00 | | |
| 9/5/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $30.45 | $323,531.25 | | |
| 8/29/2017 | Mario Spanicciati | Insider | Sell | 2,125 | $30.00 | $63,750.00 | | |
| 8/28/2017 | Mario Spanicciati | Insider | Sell | 8,500 | $29.28 | $248,880.00 | | |
| 8/23/2017 | Therese Tucker | CEO | Sell | 20,000 | $29.12 | $582,400.00 | | |
| 8/21/2017 | Mario Spanicciati | Insider | Sell | 8,500 | $29.25 | $248,625.00 | | |
| 8/14/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $29.88 | $317,475.00 | | |
| 8/7/2017 | Mario Spanicciati | Insider | Sell | 10,625 | $30.31 | $322,043.75 | | |
| 7/31/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $38.91 | $496,102.50 | | |
| 7/28/2017 | Mario Spanicciati | Insider | Sell | 4,250 | $40.00 | $170,000.00 | | |
| 7/24/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $37.57 | $479,017.50 | | |
| 7/17/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $36.93 | $470,857.50 | | |
| 7/10/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $36.40 | $464,100.00 | | |
| 7/3/2017 | Mario Spanicciati | Insider | Sell | 12,750 | $35.79 | $456,322.50 | | |
| 6/16/2017 | Mario Spanicciati | Insider | Sell | 5,000 | $35.34 | $176,700.00 | | |
| 6/12/2017 | Mario Spanicciati | Insider | Sell | 25,000 | $32.94 | $823,500.00 | | |
| 6/5/2017 | Mario Spanicciati | Insider | Sell | 25,000 | $34.65 | $866,250.00 | | |
| 6/2/2017 | Mario Spanicciati | Insider | Sell | 5,000 | $35.20 | $176,000.00 | | |
| 5/30/2017 | Mario Spanicciati | Insider | Sell | 25,000 | $33.98 | $849,500.00 | | |
| 5/22/2017 | Mario Spanicciati | Insider | Sell | 25,000 | $32.43 | $810,750.00 | | |
| 11/2/2016 | Iconiq Strategic Partners, L.P | Major Shareholder | Buy | 825,000 | $17.00 | $14,025,000.00 | | |
(Data available from 1/1/2013 forward)
BlackLine (NASDAQ BL) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Zacks: Analysts Anticipate BlackLine, Inc. (BL) to Announce -$0.03 Earnings Per Share
www.americanbankingnews.com - April 24 at 7:21 PM |
 | BlackLine COO To Speak At SuiteWorld18
finance.yahoo.com - April 24 at 4:27 PM |
 | Blackline Safety earns TMA Five Diamond designation
globenewswire.com - April 24 at 9:40 AM |
| BlackLine (BL) Lifted to Hold at ValuEngine
www.americanbankingnews.com - April 20 at 7:28 PM |
| BlackLine (BL) Upgraded to Buy by BidaskClub
www.americanbankingnews.com - April 19 at 11:10 AM |
| Blackline Safety partners with Bravo Target Safety for turnarounds
globenewswire.com - April 19 at 9:44 AM |
| BlackLine, Inc. (BL) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - April 11 at 7:53 PM |
| BlackLine Announces Date for First Quarter Earnings Release and Conference Call
finance.yahoo.com - April 11 at 10:24 AM |
 | Blackline Safety Corp.: Blackline Safety offers world's first BS8484-certified gas detector
www.finanznachrichten.de - April 10 at 10:09 AM |
| $50.36 Million in Sales Expected for BlackLine, Inc. (BL) This Quarter
www.americanbankingnews.com - April 9 at 2:00 AM |
| Zacks: Analysts Anticipate BlackLine, Inc. (BL) Will Announce Earnings of -$0.03 Per Share
www.americanbankingnews.com - April 7 at 9:25 PM |
| BidaskClub Upgrades BlackLine (BL) to Buy
www.americanbankingnews.com - April 5 at 6:52 PM |
| Consolidated Research: 2018 Summary Expectations for Cabot Microelectronics, Mid-America Apartment Communities, Hovnanian Enterprises, SMART SAND INC, BLACKLINE INC, and Trex — Fundamental Analysis, Key Performance Indications
finance.yahoo.com - April 5 at 8:45 AM |
| Short Interest in BlackLine, Inc. (BL) Decreases By 24.0%
www.americanbankingnews.com - March 31 at 3:18 AM |
| BlackLine (BL) Cut to "Sell" at BidaskClub
www.americanbankingnews.com - March 30 at 11:10 PM |
| BlackLine CEO Therese Tucker Invited To Deliver Keynote At Recurring Revenue 2018
finance.yahoo.com - March 27 at 10:11 AM |
| BlackLine (BL) Upgraded by BidaskClub to Sell
www.americanbankingnews.com - March 25 at 9:30 AM |
| Insiders Dumping Shares of BlackLine (Nasdaq: BL). Time To Sell?
finance.yahoo.com - March 23 at 9:40 AM |
| Analysts Anticipate BlackLine, Inc. (BL) Will Post Earnings of -$0.03 Per Share
www.americanbankingnews.com - March 21 at 9:08 PM |
| Therese Tucker Sells 340,000 Shares of BlackLine, Inc. (BL) Stock
www.americanbankingnews.com - March 19 at 7:15 PM |
| Insider Selling: BlackLine, Inc. (BL) Insider Sells 700,000 Shares of Stock
www.americanbankingnews.com - March 19 at 7:13 PM |
| Iconiq Strategic Partners, L.P Sells 2,000,000 Shares of BlackLine, Inc. (BL) Stock
www.americanbankingnews.com - March 19 at 1:28 PM |
| SunTrust Banks Lowers BlackLine (BL) to Hold
www.americanbankingnews.com - March 19 at 8:02 AM |
| BlackLine (BL) Price Target Raised to $52.00
www.americanbankingnews.com - March 18 at 8:48 PM |
| Blackline Inc (BL) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - March 17 at 7:38 PM |
| Blackline Inc (BL) CRO Sells $1,980,000.00 in Stock
www.americanbankingnews.com - March 16 at 7:14 PM |
| Blackline (BL) Cut to "Hold" at BidaskClub
www.americanbankingnews.com - March 14 at 8:31 PM |
| BlackLine Prices Offering of 8,000,000 Shares by Selling Stockholders
finance.yahoo.com - March 13 at 10:07 AM |
| Blackline Inc (BL) Expected to Post Quarterly Sales of $50.36 Million
www.americanbankingnews.com - March 6 at 4:28 AM |
| Zacks: Brokerages Anticipate Blackline Inc (BL) Will Announce Earnings of -$0.03 Per Share
www.americanbankingnews.com - March 4 at 5:18 PM |
| Blackline (BL) Upgraded to "Buy" at BidaskClub
www.americanbankingnews.com - March 3 at 6:10 PM |
| Head to Head Review: Nuance Communications (NUAN) versus Blackline (BL)
www.americanbankingnews.com - March 1 at 3:30 PM |
| BlackLine CEO Therese Tucker Invited By Salesforce Ventures And Work-Bench To Deliver Keynote At Navigate 2018
finance.yahoo.com - February 27 at 9:44 AM |
| Brown Advisory Inc. Raises Position in Blackline Inc (BL)
www.americanbankingnews.com - February 25 at 4:36 AM |
| Blackline (BL) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - February 22 at 7:24 PM |
| Blackline (BL) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - February 21 at 11:10 PM |
| BlackLine Announces Participation in Upcoming Investor Conferences
finance.yahoo.com - February 21 at 9:54 AM |
| Blackline Inc (BL) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - February 20 at 7:46 PM |
 | Mid-Morning Market Update: Markets Open Higher; Coca-Cola Sales Top Expectations
www.nasdaq.com - February 17 at 4:07 PM |
| Blackline Inc (BL) Expected to Announce Quarterly Sales of $49.72 Million
www.americanbankingnews.com - February 17 at 2:26 AM |
| Mid-Day Market Update: Dow Rises Over 100 Points; Apricus Biosciences Shares Plummet
www.nasdaq.com - February 16 at 4:24 PM |
| BlackLine Snags Top NetSuite Exec As The Woman-Led Software Company's Stock Soars
finance.yahoo.com - February 16 at 4:24 PM |
| Blackline's (BL) "Buy" Rating Reaffirmed at Robert W. Baird
www.americanbankingnews.com - February 16 at 1:20 PM |
| KeyCorp Reaffirms "Buy" Rating for Blackline (BL)
www.americanbankingnews.com - February 16 at 12:28 AM |
| Blackline (BL) Releases Earnings Results, Beats Estimates By $0.12 EPS
www.americanbankingnews.com - February 16 at 12:14 AM |
| Blackline (BL) Updates FY18 Earnings Guidance
www.americanbankingnews.com - February 15 at 6:02 PM |
| Blackline (BL) Updates Q1 Earnings Guidance
www.americanbankingnews.com - February 15 at 6:02 PM |
| BlackLine Announces Fourth Quarter and Full Year Financial Results
finance.yahoo.com - February 15 at 4:24 PM |
| EY and BlackLine form strategic alliance to offer finance process automation to organizations worldwide
finance.yahoo.com - February 15 at 4:24 PM |
| Marc Huffman, Cloud Accounting Software Veteran, Joins BlackLine As Chief Operating Officer
finance.yahoo.com - February 15 at 4:24 PM |
BlackLine (NASDAQ:BL) SEC Filings
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BlackLine (NASDAQ:BL) Income Statement, Balance Sheet and Cash Flow Statement
BlackLine (NASDAQ BL) Stock Chart for Wednesday, April, 25, 2018
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