Lowest-Rated Stocks NASDAQ:BL BlackLine - BL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding BlackLine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $74.99 +1.37 (+1.86%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$72.49▼$75.0650-Day Range$62.41▼$77.6052-Week Range$48.73▼$93.11Volume479,341 shsAverage Volume436,602 shsMarket Capitalization$4.48 billionP/E RatioN/ADividend YieldN/APrice Target$68.82 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability BlackLine MarketRank™ ForecastAnalyst RatingHold1.88 Rating ScoreUpside/Downside8.2% Downside$68.82 Price TargetShort InterestBearish7.99% of Float Sold ShortDividend StrengthN/ASustainability-0.33Upright™ Environmental ScoreNews Sentiment0.48Based on 5 Articles This WeekInsider TradingSelling Shares$447,591 Sold Last QuarterProj. Earnings GrowthDecreasingFrom ($0.62) to ($0.65) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.32 out of 5 starsComputer And Technology Sector579th out of 610 stocksPrepackaged Software Industry204th out of 216 stocks 0.9 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on 2 buy ratings, 3 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.82, BlackLine has a forecasted downside of 8.2% from its current price of $74.99.Amount of Analyst CoverageBlackLine has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.99% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 8.3.Change versus previous monthShort interest in BlackLine has recently decreased by 2.76%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldBlackLine does not currently pay a dividend.Dividend GrowthBlackLine does not have a long track record of dividend growth. Previous Next 3.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBlackLine has received a 39.37% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Project management software", "Financial reporting services", and "Accounting software" products. See details.Environmental SustainabilityThe Environmental Impact score for BlackLine is -0.33. Previous Next 2.5 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for BlackLine this week, compared to 4 articles on an average week.Search Interest4 people have searched for BL on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $447,591.00 in company stock.Percentage Held by InsidersOnly 9.71% of the stock of BlackLine is held by insiders.Percentage Held by Institutions99.96% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to decrease in the coming year, from ($0.62) to ($0.65) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is -56.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of BlackLine is -56.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 13.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About BlackLine (NASDAQ:BL) StockBlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.Read More Receive BL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter. Email Address BL Stock News HeadlinesFebruary 4, 2023 | americanbankingnews.comThomas Unterman Sells 500 Shares of BlackLine, Inc. (NASDAQ:BL) StockJanuary 31, 2023 | finance.yahoo.comBlackLine Announces Date for Fourth Quarter and Full Year 2022 Earnings Release and Conference CallFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 28, 2023 | americanbankingnews.comBlackLine, Inc. (NASDAQ:BL) Receives $70.75 Consensus PT from BrokeragesJanuary 18, 2023 | marketwatch.comAccounting and Financial Close Software Market Five-year Assessment with Latest Technology Analysis to 2029January 18, 2023 | marketwatch.comRPA Market Size 2023 with Factor Outlook, Deployment Viewpoint, Society Size OutlookJanuary 18, 2023 | markets.businessinsider.comAnalyst Expectations for BlackLine's FutureJanuary 17, 2023 | finance.yahoo.comPYPL vs. BL: Which Stock Should Value Investors Buy Now?February 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 14, 2023 | finance.yahoo.comBlackline Safety Corp.'s (TSE:BLN) largest shareholders are individual investors with 56% ownership, private companies own 25%January 13, 2023 | marketwatch.comRetail Recon Market : Analysis, Forecast, Size, New Trends and Insights, Update, COVID-19 ImpactJanuary 3, 2023 | finance.yahoo.comBlackLine Board Names Owen Ryan Chair; Adds Experienced Industry Leadership to Board of DirectorsDecember 27, 2022 | msn.comMulliner sets a new production record in 2022December 25, 2022 | msn.comSpark Blue Bentley Flying Spur S Is 500th Car From Mulliner In 2022December 19, 2022 | finance.yahoo.comThose who invested in BlackLine (NASDAQ:BL) five years ago are up 96%December 18, 2022 | marketwatch.comRetail Recon Market : Projections and Regional Outlook, Set for Rapid Growth and Trend by 2023 To 2028December 13, 2022 | finance.yahoo.comPYPL or BL: Which Is the Better Value Stock Right Now?November 26, 2022 | marketwatch.comFinancial Close Management Software Market By Industry Research, Supply, Size, Share and Prospects 2023-2028November 24, 2022 | finance.yahoo.comPYPL vs. BL: Which Stock Is the Better Value Option?November 23, 2022 | finance.yahoo.comHere's Why BlackLine (BL) Looks Ripe for Bottom FishingNovember 20, 2022 | latimes.comSusan OttoNovember 17, 2022 | finance.yahoo.comBlackLine Named to First Annual TrustRadius Best Software ListNovember 15, 2022 | finance.yahoo.comVisibility over Cash will be Key to Surviving Economic Storm, Claim Majority of Global C-Suite Execs and Finance & Accounting ProfessionalsNovember 11, 2022 | finance.yahoo.comHow Much Upside is Left in BlackLine (BL)? Wall Street Analysts Think 33%November 10, 2022 | finance.yahoo.comBlackLine (BL) Upgraded to Buy: Here's WhyNovember 9, 2022 | finance.yahoo.comBlackLine Third Quarter 2022 Earnings: EPS Misses ExpectationsNovember 8, 2022 | finance.yahoo.comBlackLine Reveals Transformational Finance & Accounting Solutions at 15th Annual BeyondTheBlack Global ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive BL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter. Email Address BL Company Calendar Last Earnings11/04/2021Today2/07/2023Next Earnings (Confirmed)2/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BL CUSIPN/A CIK1666134 Webwww.blackline.com Phone(818) 223-9008FaxN/AEmployees1,557Year FoundedN/APrice Target and Rating Average Stock Price Forecast$68.82 High Stock Price Forecast$95.00 Low Stock Price Forecast$50.00 Forecasted Upside/Downside-8.2%Consensus RatingHold Rating Score (0-4)1.88 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($1.32) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-100,080,000.00 Net Margins-15.59% Pretax Margin-17.96% Return on Equity-35.49% Return on Assets-2.62% Debt Debt-to-Equity Ratio17.76 Current Ratio3.74 Quick Ratio3.74 Sales & Book Value Annual Sales$425.71 million Price / Sales10.53 Cash Flow$0.90 per share Price / Cash Flow83.35 Book Value$5.54 per share Price / Book13.54Miscellaneous Outstanding Shares59,780,000Free Float53,973,000Market Cap$4.48 billion OptionableOptionable Beta0.81 Key ExecutivesMarc E. HuffmanPresident, Chief Executive Officer & DirectorMark W. PartinChief Financial OfficerPeter HirschChief Technology OfficerKarole R. Morgan-PragerSecretary, Chief Legal & Administrative OfficerTammy F. ColeyChief Transformation OfficerKey CompetitorsNew RelicNYSE:NEWRSentinelOneNYSE:SQualysNASDAQ:QLYSPaycor HCMNASDAQ:PYCRClearwater AnalyticsNYSE:CWANView All CompetitorsInsiders & InstitutionsOppenheimer Asset Management Inc.Sold 6,064 shares on 2/7/2023Ownership: 0.182%TD Asset Management IncBought 9,314 shares on 2/7/2023Ownership: 0.061%Hills Bank & Trust CoSold 150 shares on 2/6/2023Ownership: 0.020%Synovus Financial CorpBought 219 shares on 2/6/2023Ownership: 0.013%HM Payson & Co.Sold 300 shares on 2/6/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions BL Stock - Frequently Asked Questions Should I buy or sell BlackLine stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares. View BL analyst ratings or view top-rated stocks. What is BlackLine's stock price forecast for 2023? 8 equities research analysts have issued 12-month price objectives for BlackLine's stock. Their BL share price forecasts range from $50.00 to $95.00. On average, they expect the company's stock price to reach $68.82 in the next year. This suggests that the stock has a possible downside of 7.0%. View analysts price targets for BL or view top-rated stocks among Wall Street analysts. How have BL shares performed in 2023? BlackLine's stock was trading at $67.27 at the beginning of 2023. Since then, BL stock has increased by 10.0% and is now trading at $73.97. View the best growth stocks for 2023 here. When is BlackLine's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023. View our BL earnings forecast. How can I listen to BlackLine's earnings call? BlackLine will be holding an earnings conference call on Tuesday, February 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were BlackLine's earnings last quarter? BlackLine, Inc. (NASDAQ:BL) announced its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. The technology company earned $109.40 million during the quarter, compared to analyst estimates of $107.06 million. BlackLine had a negative trailing twelve-month return on equity of 35.49% and a negative net margin of 15.59%. The company's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share. What guidance has BlackLine issued on next quarter's earnings? BlackLine updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $0.15-$0.19 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $138.00 million-$141.00 million, compared to the consensus revenue estimate of $142.59 million. What is Marc Huffman's approval rating as BlackLine's CEO? 62 employees have rated BlackLine Chief Executive Officer Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among the company's employees. 85.0% of employees surveyed would recommend working at BlackLine to a friend. What other stocks do shareholders of BlackLine own? Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Block (SQ), Walt Disney (DIS), Slack Technologies (WORK), NVIDIA (NVDA), Okta (OKTA), DocuSign (DOCU), Twilio (TWLO), Teladoc Health (TDOC), CrowdStrike (CRWD) and Zoom Video Communications (ZM). 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 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. What is BlackLine's stock symbol? BlackLine trades on the NASDAQ under the ticker symbol "BL." Who are BlackLine's major shareholders? BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (3.49%), Conestoga Capital Advisors LLC (2.34%), Baillie Gifford & Co. (1.77%), Barton Investment Management (1.02%), Chicago Capital LLC (0.85%) and Envestnet Asset Management Inc. (0.43%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Owen Ryan, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman. View institutional ownership trends. How do I buy shares of BlackLine? Shares of BL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is BlackLine's stock price today? One share of BL stock can currently be purchased for approximately $73.97. How much money does BlackLine make? BlackLine (NASDAQ:BL) has a market capitalization of $4.42 billion and generates $425.71 million in revenue each year. The technology company earns $-100,080,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis. How many employees does BlackLine have? The company employs 1,557 workers across the globe. How can I contact BlackLine? BlackLine's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The official website for the company is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at investors@blackline.com. This page (NASDAQ:BL) was last updated on 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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