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NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$71.39
-2.41 (-3.27%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$70.67
$73.27
50-Day Range
$61.38
$75.75
52-Week Range
$49.66
$135.00
Volume
474,612 shs
Average Volume
678,754 shs
Market Capitalization
$4.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$96.89

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
35.7% Upside
$96.89 Price Target
Short Interest
Healthy
9.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.51mentions of BlackLine in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$287,268 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.81) to ($0.82) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Computer And Technology Sector

483rd out of 653 stocks

Prepackaged Software Industry

176th out of 230 stocks

BL stock logo

About BlackLine (NASDAQ:BL) Stock

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. In addition, it offers accounts receivable automation solutions, which include cash application, credit and risk management, collections management, disputes and deductions, team and task management, and AR intelligence solutions. Further, the company provides intercompany workflow that stores permissions by entity and transaction type thereby ensuring both the initiator and the approver of the intercompany transaction are authorized to conduct business; intercompany processing, which records an organization's intercompany transactions; and netting and settlement that generates a real-time settlement matrix, which shows the balance of transactions. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on BlackLine from $75.00 to $70.00 in a research report on Friday, May 6th. Robert W. Baird cut their target price on BlackLine from $105.00 to $95.00 in a research report on Friday, May 6th. Bank of America cut BlackLine from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $75.00 to $64.00 in a research report on Monday, July 18th. They noted that the move was a valuation call. StockNews.com upgraded BlackLine from a "sell" rating to a "hold" rating in a research report on Monday, August 8th. Finally, BTIG Research cut their target price on BlackLine from $115.00 to $95.00 in a research report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, BlackLine presently has an average rating of "Hold" and an average target price of $96.89.

BlackLine Price Performance

BlackLine stock traded down $2.18 during midday trading on Friday, reaching $71.62. 10,421 shares of the stock traded hands, compared to its average volume of 545,232. The stock's fifty day moving average is $68.18 and its 200-day moving average is $70.69. BlackLine has a 12 month low of $49.66 and a 12 month high of $135.00. The stock has a market cap of $4.27 billion, a P/E ratio of -59.00 and a beta of 0.84. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 17.46.

BlackLine (NASDAQ:BL - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $128.48 million during the quarter, compared to analyst estimates of $126.54 million. BlackLine had a negative return on equity of 22.04% and a negative net margin of 15.09%. The company's revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the company earned ($0.08) EPS. As a group, equities research analysts anticipate that BlackLine will post -0.81 EPS for the current year.

Insider Activity

In other news, CTO Peter Hirsch sold 2,592 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $71.77, for a total value of $186,027.84. Following the completion of the sale, the chief technology officer now directly owns 38,391 shares of the company's stock, valued at approximately $2,755,322.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thomas Unterman sold 500 shares of the firm's stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $66.36, for a total transaction of $33,180.00. Following the completion of the sale, the director now directly owns 50,130 shares of the company's stock, valued at approximately $3,326,626.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Peter Hirsch sold 2,592 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $71.77, for a total value of $186,027.84. Following the sale, the chief technology officer now directly owns 38,391 shares of the company's stock, valued at $2,755,322.07. The disclosure for this sale can be found here. Insiders sold 4,092 shares of company stock valued at $287,268 in the last ninety days. Insiders own 9.71% of the company's stock.

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BL Stock News Headlines

BlackLine (NASDAQ:BL) Stock Price Up 7.1%
BlackLine (NASDAQ:BL) Stock Rating Upgraded by StockNews.com
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BL Company Calendar

Last Earnings
8/04/2022
Today
8/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,557
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$96.89
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+35.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-17.09%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.88 per share
Book Value
$1.33 per share

Miscellaneous

Free Float
53,840,000
Market Cap
$4.26 billion
Optionable
Optionable
Beta
0.84

Key Executives

  • Ms. Therese TuckerMs. Therese Tucker (Age 61)
    Founder & Exec. Chairwoman
    Comp: $613.12k
  • Mr. Marc E. HuffmanMr. Marc E. Huffman (Age 51)
    CEO & Director
    Comp: $1.04M
  • Mr. Mark W. PartinMr. Mark W. Partin (Age 54)
    CFO & Treasurer
    Comp: $671.11k
  • Mr. Peter HirschMr. Peter Hirsch (Age 61)
    Chief Technology Officer
    Comp: $599.97k
  • Mr. Mark WoodhamsMr. Mark Woodhams (Age 59)
    Chief Revenue Officer
    Comp: $851.74k
  • Mr. Patrick Villanova
    Chief Accounting Officer & Controller
  • Ms. Karole Morgan-Prager (Age 59)
    Chief Legal & Admin. Officer and Sec.
  • Ms. Alexandra Geller
    VP of Investor Relations
  • Ms. Kimberly Uberti
    VP of Global Corp. Communications
  • Mr. Andres Botero (Age 51)
    Chief Marketing Officer













BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

7 equities research analysts have issued 1-year target prices for BlackLine's stock. Their BL share price forecasts range from $64.00 to $140.00. On average, they predict the company's share price to reach $96.89 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price.
View analysts price targets for BL
or view top-rated stocks among Wall Street analysts.

How have BL shares performed in 2022?

BlackLine's stock was trading at $103.54 at the start of the year. Since then, BL stock has decreased by 31.1% and is now trading at $71.39.
View the best growth stocks for 2022 here
.

When is BlackLine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BL earnings forecast
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) released its earnings results on Thursday, August, 4th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The technology company had revenue of $128.48 million for the quarter, compared to analysts' expectations of $126.54 million. BlackLine had a negative trailing twelve-month return on equity of 22.04% and a negative net margin of 15.09%. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the firm posted ($0.08) earnings per share.

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

BlackLine updated its third quarter 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of $0.08-$0.10 for the period, compared to the consensus EPS estimate of $0.04. The company issued revenue guidance of $133.00 million-$135.00 million, compared to the consensus revenue estimate of $135.38 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 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 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."

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Clearlake Capital Group L.P. (9.08%), Kayne Anderson Rudnick Investment Management LLC (4.34%), DF Dent & Co. Inc. (4.24%), Riverbridge Partners LLC (3.73%), Artisan Partners Limited Partnership (2.99%) and Brown Advisory Inc. (2.47%). 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 $71.39.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $4.26 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 ($1.21) 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 8/19/2022 by MarketBeat.com Staff

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