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NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$64.78
-1.72 (-2.59%)
(As of 08/9/2022 02:57 PM ET)
Add
Compare
Today's Range
$63.64
$65.32
50-Day Range
$61.38
$78.32
52-Week Range
$49.66
$135.00
Volume
17,468 shs
Average Volume
650,485 shs
Market Capitalization
$3.84 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
49.2% Upside
$96.89 Price Target
Short Interest
Bearish
10.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.24mentions of BlackLine in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$287,268 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.86) to ($0.78) Per Share

Overall MarketRank

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

2.00 out of 5 stars

Computer And Technology Sector

446th out of 644 stocks

Prepackaged Software Industry

156th out of 224 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.

BlackLine Price Performance

BlackLine stock opened at $66.50 on Tuesday. BlackLine has a 12 month low of $49.66 and a 12 month high of $135.00. The stock's 50 day moving average is $69.07 and its 200-day moving average is $71.33. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 20.88. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -54.96 and a beta of 0.84.

BlackLine (NASDAQ:BL - Get Rating) last posted its earnings results on Thursday, August 4th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. BlackLine had a negative return on equity of 18.32% and a negative net margin of 15.09%. The company had revenue of $128.48 million for the quarter, compared to the consensus estimate of $126.54 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. Equities research analysts expect that BlackLine will post -0.86 EPS for the current year.

Analysts Set New Price Targets

BL has been the topic of a number of research reports. Bank of America lowered BlackLine from a "neutral" rating to an "underperform" rating and cut their price target for the company from $75.00 to $64.00 in a report on Monday, July 18th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their price target on BlackLine from $75.00 to $70.00 in a report on Friday, May 6th. JMP Securities cut their price target on BlackLine from $145.00 to $112.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 20th. StockNews.com upgraded BlackLine from a "sell" rating to a "hold" rating in a report on Monday. Finally, BTIG Research cut their price target on BlackLine from $115.00 to $95.00 in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $96.89.

Insider Activity at BlackLine

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

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BL Stock News Headlines

Why This Analyst Has Turned Bearish On BlackLine
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BL Company Calendar

Last Earnings
8/04/2022
Today
8/09/2022
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
+49.6%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-20.97%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.88 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
53,553,000
Market Cap
$3.84 billion
Optionable
Optionable
Beta
0.84














BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12 month price targets for BlackLine's stock. Their BL share price forecasts range from $64.00 to $140.00. On average, they expect the company's stock price to reach $96.89 in the next year. This suggests a possible upside of 51.3% from the stock's current price.
View analysts price targets for BL
or view top-rated stocks among Wall Street analysts.

How has BlackLine's stock price performed in 2022?

BlackLine's stock was trading at $103.54 on January 1st, 2022. Since then, BL shares have decreased by 38.2% and is now trading at $64.03.
View the best growth stocks for 2022 here
.

When is BlackLine's next earnings date?

BlackLine 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) announced its quarterly earnings data on Thursday, August, 4th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The technology company earned $128.48 million during the quarter, compared to the consensus estimate of $126.54 million. BlackLine had a negative net margin of 15.09% and a negative trailing twelve-month return on equity of 18.32%. The firm's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS.

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

BlackLine updated its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.25-0.27 for the period, compared to the consensus earnings per share estimate of $0.10. The company issued revenue guidance of $524-528 million, compared to the consensus revenue estimate of $526.24 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 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 shareholders include Riverbridge Partners LLC (3.73%), Brown Advisory Inc. (2.47%), Conestoga Capital Advisors LLC (2.37%), Baillie Gifford & Co. (2.13%), Geneva Capital Management LLC (1.84%) and Barton Investment Management (1.04%). 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 $64.03.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.80 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?

BlackLine 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 8/9/2022 by MarketBeat.com Staff

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