BlackLine, Inc. is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance. Its platform consists of seven core cloud-based products, including Account Reconciliation, Task Management, Transaction Matching, Journal Entry, Variance Analysis, Consolidation Integrity Manager and Daily Reconciliation. The Company's solutions include Reconciliation Management and Financial Close Management and Insights. It operates through two geographical regions, which include the United States and International. As of December 31, 2016, its software integrated with, and obtained data from, more than 30 various enterprise resource planning (ERP) systems, including NetSuite, Oracle and Workday, as well as many other financial systems and applications.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Software
- Sub-Industry: N/A
- Symbol: NASDAQ:BL
- CUSIP: N/A
- Web: www.blackline.com
Capitalization:- Market Cap: $1.75 billion
- Outstanding Shares: 52,470,000
Average Prices:- 50 Day Moving Avg: $34.52
- 200 Day Moving Avg: $34.52
- 52 Week Range: $21.66 - $36.53
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -333.70
- P/E Growth: -6.50
Sales & Book Value:- Annual Revenue: $148.46 million
- Price / Sales: 11.79
- Book Value: $5.66 per share
- Price / Book: 5.90
Profitability:- EBIDTA: ($13,080,000.00)
- Net Margins: -27.89%
- Return on Equity: -6.54%
- Return on Assets: -4.23%
Debt:- Current Ratio: 1.50%
- Quick Ratio: 1.50%
Misc:- Average Volume: 568,857 shs.
- Short Ratio: 7
Frequently Asked Questions for Blackline (NASDAQ:BL)
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) posted its earnings results on Thursday, August, 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.12. The firm earned $42.30 million during the quarter, compared to analysts' expectations of $41.45 million. Blackline had a negative net margin of 27.89% and a negative return on equity of 6.54%. Blackline's quarterly revenue was up 45.9% on a year-over-year basis. View Blackline's Earnings History.
When will Blackline make its next earnings announcement?
What guidance has Blackline issued on next quarter's earnings?
Blackline updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of ($0.19)-($0.15) for the period, compared to the Thomson Reuters consensus estimate of ($0.27). The company issued revenue guidance of $170-$173 million, compared to the consensus revenue estimate of $172.08 million.Blackline also updated its Q3 guidance to ($0.07)-($0.05) EPS.
Where is Blackline's stock going? Where will Blackline's stock price be in 2017?
9 brokers have issued 1 year price targets for Blackline's shares. Their predictions range from $31.00 to $43.00. On average, they anticipate Blackline's stock price to reach $35.40 in the next twelve months. View Analyst Ratings for Blackline.
Are investors shorting Blackline?
Blackline saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,805,003 shares, an increase of 49.5% from the July 31st total of 1,207,634 shares. Based on an average daily trading volume, of 522,901 shares, the short-interest ratio is presently 3.5 days. Currently, 7.4% of the shares of the company are short sold.
Who are some of Blackline's key competitors?
Some companies that are related to Blackline include FireEye (FEYE), Playtech PLC (PTEC), Okta (OKTA), CommVault Systems (CVLT), Paylocity Holding Corporation (PCTY), Alarm.com Holdings (ALRM), Progress Software Corporation (PRGS), Coupa Software (COUP), Gigamon (GIMO), Callidus Software (CALD), Bottomline Technologies (EPAY), MINDBODY (MB), Alteryx (AYX), CommerceHub (CHUBA), Rapid7 (RPD), Everbridge (EVBG), Accesso Technology Group PLC (ACSO) and Magic Software Enterprises (MGIC).
Who are Blackline's key executives?
Blackline's management team includes the folowing people:
- John Brennan, Independent Chairman of the Board
- Therese Tucker, Chief Executive Officer, Director
- Mark Partin, Chief Financial Officer, Treasurer
- Karole R. Morgan-Prager, Chief Legal and Administrative Officer, Secretary
- Mario Spanicciati, Chief Marketing Officer and Director
- Chris Murphy, Chief Revenue Officer
- Jason Babcoke, Independent Director
- William J.G. Griffith IV, Independent Director
- Hollie Haynes, Independent Director
- Graham V. Smith, Independent Director
When did Blackline IPO?
(BL) raised $120 million in an initial public offering (IPO) 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.
How do I buy Blackline stock?
Shares of Blackline can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Blackline's stock price today?
One share of Blackline stock can currently be purchased for approximately $33.37.
MarketBeat Community Rating for Blackline (NASDAQ BL)MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Blackline (NASDAQ:BL) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $35.40 (6.08% upside) |
Analysts' Ratings History for Blackline (NASDAQ:BL)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/22/2017 | KeyCorp | Reiterated Rating | Buy | $39.00 | Low |  |
| 6/26/2017 | SunTrust Banks, Inc. | Initiated Coverage | Buy -> Buy | $43.00 | High | |
| 6/26/2017 | JMP Securities | Initiated Coverage | Market Perform | | Low | |
| 5/8/2017 | William Blair | Reiterated Rating | Outperform | | High | |
| 2/28/2017 | Robert W. Baird | Initiated Coverage | Outperform -> Outperform | $33.00 | N/A | |
| 11/30/2016 | Pacific Crest | Reiterated Rating | Overweight | $31.00 | N/A | |
| 11/22/2016 | Raymond James Financial, Inc. | Initiated Coverage | Outperform | $31.00 | N/A | |
| 11/22/2016 | J P Morgan Chase & Co | Initiated Coverage | Neutral | | N/A | |
| 11/22/2016 | Goldman Sachs Group Inc | Initiated Coverage | Neutral | | N/A | |
(Data available from 9/26/2015 forward)
Earnings History for Blackline (NASDAQ:BL)Earnings History by Quarter for Blackline (NASDAQ BL)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/29/2017 | | | | | | | | |
| 8/3/2017 | Q2 2017 | ($0.15) | ($0.03) | $41.45 million | $42.30 million | View | Listen | |
| 2/23/2017 | Q416 | ($0.12) | ($0.08) | $34.13 million | $35.90 million | View | N/A | |
| 11/30/2016 | Q316 | ($0.15) | ($0.07) | $21.66 million | $32.20 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Blackline (NASDAQ:BL)Current Year EPS Consensus Estimate: $-0.17 EPS
Next Year EPS Consensus Estimate: $-0.10 EPS
Dividend History for Blackline (NASDAQ:BL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Blackline (NASDAQ:BL)Insider Ownership Percentage: 22.35%
Institutional Ownership Percentage: 77.65%
Insider Trades by Quarter for Blackline (NASDAQ:BL)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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)
Headline Trends for Blackline (NASDAQ:BL)
Latest Headlines for Blackline (NASDAQ:BL)
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Blackline (BL) Chart for Tuesday, September, 26, 2017
