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NASDAQ:BLBlackline Stock Price, Forecast & News

$87.16
+4.25 (+5.13 %)
(As of 07/2/2020 04:00 PM ET)
Add
Compare
Today's Range
$82.91
Now: $87.16
$87.90
50-Day Range
$61.19
MA: $73.98
$84.22
52-Week Range
$38.32
Now: $87.16
$88.91
Volume575,700 shs
Average Volume587,260 shs
Market Capitalization$4.91 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.94
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: 1.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.04 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone818-223-9008

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$288.98 million
Cash Flow$0.29 per share
Book Value$7.16 per share

Profitability

Net Income$-30,700,000.00

Miscellaneous

Employees1,055
Market Cap$4.91 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Blackline (NASDAQ:BL) Frequently Asked Questions

How has Blackline's stock been impacted by COVID-19 (Coronavirus)?

Blackline's stock was trading at $61.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BL shares have increased by 42.8% and is now trading at $88.07. View which stocks have been most impacted by Coronavirus.

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 1 sell rating, 1 hold rating and 6 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 Thursday, August 6th 2020. View our earnings forecast for Blackline.

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) issued its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.05. The technology company had revenue of $82.60 million for the quarter, compared to analysts' expectations of $79.54 million. Blackline had a negative net margin of 11.87% and a negative return on equity of 2.61%. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. View Blackline's earnings history.

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

Blackline updated its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $0.08-$0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $80-$82 million, compared to the consensus revenue estimate of $82.41 million.

What price target have analysts set for BL?

8 brokers have issued 1 year price targets for Blackline's shares. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's stock price to reach $73.50 in the next year. This suggests that the stock has a possible downside of 16.5%. View analysts' price targets for Blackline.

Has Blackline been receiving favorable news coverage?

News stories about BL stock have trended very negative on Thursday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Blackline earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Blackline.

Who are some of Blackline's key 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), Okta (OKTA), NVIDIA (NVDA), Alibaba Group (BABA), JD.Com (JD), Coupa Software (COUP), Walt Disney (DIS), Micron Technology (MU), Zoom Video Communications (ZM) and Chewy (CHWY).

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 initial public offering (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."

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 $88.07.

How big of a company is Blackline?

Blackline has a market capitalization of $4.96 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 7/2/2020 by MarketBeat.com Staff

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