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NASDAQ:BLBlackline Stock Price, Forecast & News

$79.26
-12.57 (-13.69 %)
(As of 08/7/2020 04:00 PM ET)
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Compare
Today's Range
$78.51
Now: $79.26▼
$89.81
50-Day Range
$78.56
MA: $85.83▼
$92.80
52-Week Range
$38.32
Now: $79.26▼
$94.06
Volume1.56 million shs
Average Volume556,438 shs
Market Capitalization$4.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.93
BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities. The company's platform consists of nine core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, Compliance, and Insights. Its solutions include balance sheet integrity, close process management, accounting process automation, finance transformation, intercompany hub, and smart close. The company designs its products to complement enterprise resource planning and other financial systems, including NetSuite, Oracle, SAP, and Workday; and financial close management and accounting automation from within a single, unified cloud platform. It has strategic alliances with technology vendors, such as SAP and NetSuite; professional services firms, including Deloitte, Ernst & Young, and KPMG; and business process outsourcers, such as Cognizant, Genpact, and IBM. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises and mid-market companies across various industries. The company was founded in 2001 and is headquartered in Woodland Hills, California.
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Blackline logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.25 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:BL
Previous Symbol
CUSIPN/A
CIK1666134
Webwww.blackline.com
Phone818-223-9008

Debt

Debt-to-Equity Ratio1.01
Current Ratio3.61
Quick Ratio3.61

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$288.98 million
Price / Sales15.46
Cash Flow$0.24 per share
Price / Cash Flow333.89
Book Value$7.16 per share
Price / Book11.07

Profitability

EPS (Most Recent Fiscal Year)($0.25)
Net Income$-30,700,000.00
Net Margins-11.87%
Return on Equity-2.61%
Return on Assets-1.12%

Miscellaneous

Employees1,055
Outstanding Shares56,363,000
Market Cap$4.47 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$79.26
-12.57 (-13.69 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Blackline (NASDAQ:BL) Frequently Asked Questions

How has Blackline's stock been impacted by COVID-19 (Coronavirus)?

Blackline's stock was trading at $61.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BL stock has increased by 28.5% and is now trading at $79.26.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Blackline?

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."
View analyst ratings for Blackline.

When is Blackline's next earnings date?

Blackline is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Blackline.

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) posted its quarterly earnings data on Thursday, August, 6th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The technology company had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.06 million. Blackline had a negative net margin of 11.87% and a negative return on equity of 2.61%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS.
View Blackline's earnings history.

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

Blackline issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $0.45-0.49 for the period, compared to the Thomson Reuters consensus 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.

What price target have analysts set for BL?

7 equities research analysts have issued 1 year target prices for Blackline's stock. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's stock price to reach $78.88 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts' price targets for Blackline.

Has Blackline been receiving favorable news coverage?

Media headlines about BL stock have trended very positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Blackline earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave media stories 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.

Who are some of Blackline's key competitors?

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

What other stocks do shareholders of Blackline own?

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).

Who are Blackline's key executives?

Blackline's management team includes the following people:
  • Ms. Therese Tucker, Founder, CEO & Director (Age 58)
  • Mr. Mark W. Partin, CFO & Treasurer (Age 51)
  • Mr. Marc E. Huffman, Chief Operating Officer (Age 48)
  • Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 56)
  • Mr. Patrick Villanova, Chief Accounting Officer & Controller

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.

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 a number of institutional and retail 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.

Which major investors are selling Blackline stock?

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.

Which major investors are buying Blackline stock?

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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Blackline's stock price today?

One share of BL stock can currently be purchased for approximately $79.26.

How big of a company is Blackline?

Blackline has a market capitalization of $4.47 billion 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.

What is Blackline's official website?

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

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]

This page was last updated on 8/7/2020 by MarketBeat.com Staff
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