NASDAQ:BL - Blackline Stock Price, Forecast & News

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

Blackline Inc (NASDAQ:BL) released its quarterly earnings results on Thursday, February, 13th. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.19. The technology company earned $80.26 million during the quarter, compared to the consensus estimate of $77.77 million. View Blackline's Earnings History.

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

Blackline updated 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.

7 analysts have issued 12 month price objectives for Blackline's stock. Their forecasts range from $41.00 to $79.00. On average, they expect Blackline's share price to reach $63.43 in the next year. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets 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.

Press coverage about BL stock has trended negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackline earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Blackline.

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

(BL) raised $120 million in an initial public offering 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 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 institutional and retail investors. Top institutional shareholders 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, 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 Champlain Investment Partners LLC, First Trust Advisors LP, Chicago Equity Partners LLC, Migdal Insurance & Financial Holdings Ltd., Credit Suisse AG, Strs Ohio, IFP Advisors Inc and AlphaCrest Capital Management 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 acquired 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.

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 $66.55.