NASDAQ:BL - Blackline Stock Price, Price Target & More Sign in or create an account to add this stock to your watchlist. Get Started $47.01 -0.19 (-0.40 %) (As of 07/18/2018 02:18 PM ET)Previous Close$47.63Today's Range$46.87 - $47.6352-Week Range$28.79 - $50.31Volume2,672 shsAverage Volume292,591 shsMarket Capitalization$2.49 billionP/E Ratio-126.89Dividend YieldN/ABeta-0.46 Company ProfileFinancialsAnalyst RatingsEarnings HistoryInsider TradesHeadlinesOptions ChainSEC FilingsSocial MediaChart Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management solution that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform, primarily through direct sales force to enterprises, mid-market companies, and multinational corporations. BlackLine, Inc. has a strategic alliance with Ernst & Young LLP to expand process automation capabilities and finance transformation services. The company was founded in 2001 and is headquartered in Los Angeles, California. Receive BL News and Ratings via Email Sign-up to receive the latest news and ratings for BL and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology SymbolNASDAQ:BL CUSIPN/A Webwww.blackline.com Phone818-223-9008 Debt Debt-to-Equity RatioN/A Current Ratio1.42 Quick Ratio1.42 Price-To-Earnings Trailing P/E Ratio-126.89 Forward P/E Ratio-180.81 P/E GrowthN/A Sales & Book Value Annual Sales$177.03 million Price / Sales14.19 Cash Flow$0.0156 per share Price / Cash3,010.94 Book Value$5.57 per share Price / Book8.44 Profitability EPS (Most Recent Fiscal Year)($0.37) Net Income$-38,060,000.00 Net Margins-19.09% Return on Equity-6.01% Return on Assets-4.16% Miscellaneous Employees740 Outstanding Shares53,440,000Market Cap$2,492.55 Blackline (NASDAQ:BL) Frequently Asked Questions 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 quarterly earnings results on Thursday, May, 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.03) by $0.04. The technology company earned $51.30 million during the quarter, compared to the consensus estimate of $50.37 million. Blackline had a negative return on equity of 6.01% and a negative net margin of 19.09%. The firm's quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share. View Blackline's Earnings History. When is Blackline's next earnings date? Blackline is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Blackline. What guidance has Blackline issued on next quarter's earnings? Blackline updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $0.01-$0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $222-$225 million, compared to the consensus revenue estimate of $222.93 million.Blackline also updated its Q2 guidance to ($0.02)-(0.00) EPS. What price target have analysts set for BL? 5 brokerages have issued 1 year price targets for Blackline's shares. Their forecasts range from $27.00 to $52.00. On average, they expect Blackline's stock price to reach $41.00 in the next year. This suggests that the stock has a possible downside of 12.9%. View Analyst Ratings for Blackline. What is the consensus analysts' recommendation for Blackline? 5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." What are Wall Street analysts saying about Blackline stock? Here are some recent quotes from research analysts about Blackline stock: 1. According to Zacks Investment Research, "BlackLine, Inc. is a provider of cloud-based solutions for Finance & Accounting which centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. BlackLine, Inc. is headquartered in Los Angeles, California. " (7/4/2018) 2. KeyCorp analysts commented, "We estimate billings can reaccelerate in 2Q18. We view BL as a core cloud software company to own as it embarks on modernizing an $18.5B TAM. Key Investment Points Results: Contribution from strategic partners was the standout. ● ASC 606 revenue increased 34% y/y to $51.3M; $1M above consensus. ● ASC 606 billings growth increased 24% y/y vs. 29% y/y last quarter. ● 1Q18 billings growth was impacted by Runbook uplift to 1Q17 deferred revenue. ● We are modeling a reacceleration in billings growth to 28% y/y for 2Q18. ● SAP contribution: rose to 22% of sales vs. 20% last quarter. ● Strategic partners influenced half of $50K+ deals; six of top 10 deals. ● New customer additions: 89 vs. 92 last year; ending users +18% y/y to 202K. ● Positive EPS of $0.01, driven by improving margins; $0.04 above consensus. Model Impact: No major changes." (5/3/2018) Who are some of Blackline's key competitors? Some companies that are related to Blackline include Nutanix (NTNX), Tyler Technologies (TYL), Tableau Software Inc Class A (DATA), Momo (MOMO), The Ultimate Software Group (ULTI), Docusign (DOCU), Black Knight (BKI), Trend Micro (TMICY), Guidewire Software (GWRE), Micro Focus International (MFGP), Konami (KNMCY), Atlassian (TEAM), Paycom Software (PAYC), New Relic (NEWR) and SINA (SINA). Who are Blackline's key executives? Blackline's management team includes the folowing people: Ms. Therese Tucker, Founder, CEO & Director (Age 57)Mr. Mark W. Partin, CFO & Treasurer (Age 50)Mr. Chris Murphy, Chief Revenue Officer (Age 50)Mr. Marc E. Huffman, Chief Operating Officer (Age 47)Mr. Charles C. Best CPA, Chief Accounting Officer (Age 58) 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 $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. Has Blackline been receiving favorable news coverage? News stories about BL stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackline earned a media sentiment score of 0.11 on Accern's scale. They also gave news stories about the technology company an impact score of 47.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Who are Blackline's major shareholders? Blackline's stock is owned by many different of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (1.62%), Baillie Gifford & Co. (1.02%), Barton Investment Management (0.84%), Xact Kapitalforvaltning AB (0.01%) and Fortaleza Asset Management Inc. (0.01%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Institutional Ownership Trends for Blackline. Which major investors are selling Blackline stock? BL stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC and Fortaleza Asset Management Inc.. Company insiders that have sold Blackline company stock in the last year include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Insider Buying and Selling for Blackline. Which major investors are buying Blackline stock? BL stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Barton Investment Management and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Blackline. 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, Scottrade, Fidelity and Charles Schwab. What is Blackline's stock price today? One share of BL stock can currently be purchased for approximately $47.09. How big of a company is Blackline? Blackline has a market capitalization of $2.49 billion and generates $177.03 million in revenue each year. The technology company earns $-38,060,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Blackline employs 740 workers across the globe. 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] MarketBeat Community Rating for Blackline (NASDAQ BL)Community Ranking: 3.0 out of 5 ( )Outperform Votes: 185 (Vote Outperform)Underperform Votes: 126 (Vote Underperform)Total Votes: 311MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe BL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BL will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 7/18/2018 by MarketBeat.com StaffFeatured Article: Are Wall Street analysts' stock ratings worth following?