NASDAQ:BLBlackline Stock Price, Forecast & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Blackline is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Blackline.

Blackline Inc (NASDAQ:BL) released its quarterly earnings results on Thursday, August, 6th. The technology company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.09. The technology company had revenue of $83.27 million for the quarter, compared to the consensus estimate of $81.06 million. Blackline had a negative net margin of 12.34% and a negative return on equity of 1.52%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share.
View Blackline's earnings history.

Blackline updated its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.45-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $335.5-338.5 million, compared to the consensus revenue estimate of $340.03 million.

7 brokerages have issued 12-month target prices for Blackline's stock. Their forecasts range from $55.00 to $95.00. On average, they anticipate Blackline's stock price to reach $78.88 in the next year.
View analysts' price targets for Blackline.

News coverage about BL stock has trended negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackline earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Blackline.

Some companies that are related to Blackline include Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Symantec (SYMC), Tyler Technologies (TYL), NortonLifeLock (NLOK), Nice (NICE), Cloudflare (NET), HubSpot (HUBS), Mongodb (MDB), Black Knight (BKI), Temenos (TMNSF), Dynatrace (DT), Ceridian HCM (CDAY) and PTC (PTC).
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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).

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

Blackline's stock is owned by a number of retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (17.43%), Riverbridge Partners LLC (3.35%), Conestoga Capital Advisors LLC (2.35%), Chicago Capital LLC (1.09%), First Trust Advisors LP (1.02%) and New York State Common Retirement Fund (0.88%). Company insiders that own Blackline stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, 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 Conestoga Capital Advisors LLC, Comerica Bank, PNC Financial Services Group Inc., UBS Group AG, Mutual of America Capital Management LLC, Gradient Investments LLC, US Bancorp DE, and Foundry Partners LLC. Company insiders that have sold Blackline company stock in the last year include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, and Thomas Unterman.
View insider buying and selling activity for Blackline.

BL stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Frontier Capital Management Co. LLC, First Trust Advisors LP, Jennison Associates LLC, SG Americas Securities LLC, Moody Aldrich Partners LLC, Swiss National Bank, and New York State Common Retirement Fund.
View insider buying and selling activity 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.

Blackline has a market capitalization of $0.00 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.

The official website for Blackline is www.blackline.com.

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]