NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$60.43

+4.60 (+8.24%)

(As of 09/28/2022 12:00 AM ET)

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Today's Range: $55.69
▼
$60.73
50-Day Range: $55.83
▼
$74.35
52-Week Range: $49.66
▼
$135.00

Volume: 1.17 million shs
Average Volume: 655,565 shs
Market Capitalization: $3.60 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $92.80

BlackLine MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 53.6% Upside
$92.80 Price Target
Short Interest: Healthy
8.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.08
Upright™ Environmental Score
News Sentiment: 0.75
Based on 16 Articles This Week
Insider Trading: Selling Shares
$204,000 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 650 stocks

Prepackaged Software Industry

173rd out of 227 stocks

3.2

Analyst's Opinion

Consensus Rating
BlackLine has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $92.80, BlackLine has a forecasted upside of 53.6% from its current price of $60.43.
Amount of Analyst Coverage
BlackLine has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
8.82% of the float of BlackLine has been sold short.
Short Interest Ratio / Days to Cover
BlackLine has a short interest ratio ("days to cover") of 7.7.
Change versus previous month
Short interest in BlackLine has recently decreased by 5.25%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
BlackLine does not currently pay a dividend.
Dividend Growth
BlackLine does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
BlackLine has received a 39.15% 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 "Financial reporting services", "Accounting software", and "Accounts payable software" products. See details.
Environmental Sustainability
The Environmental Impact score for BlackLine is -0.08.

2.6

News and Social Media Coverage

News Sentiment
BlackLine has a news sentiment score of 0.75. 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 is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for BlackLine this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for BL on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 $204,000.00 in company stock.
Percentage Held by Insiders
Only 9.71% of the stock of BlackLine is held by insiders.

0.0

Earnings and Valuation

Earnings Growth
Earnings for BlackLine are expected to decrease in the coming year, from ($0.81) to ($0.82) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlackLine is -49.94, 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. Sector
The P/E ratio of BlackLine is -49.94, 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 Ratio
BlackLine has a P/B Ratio of 10.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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BL Stock News Headlines

September 28, 2022 | finance.yahoo.com

BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management - Yahoo Finance

September 27, 2022 | businesswire.com

Blackline Safety Awarded Préventica's Prix de l'innovation - Business Wire

September 27, 2022 | finance.yahoo.com

BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management

September 27, 2022 | americanbankingnews.com

Brokerages Set BlackLine, Inc. (NASDAQ:BL) Target Price at $94.78

September 25, 2022 | americanbankingnews.com

Credit Suisse Group Initiates Coverage on BlackLine (NASDAQ:BL)

September 24, 2022 | seekingalpha.com

Zoom, Datadog among companies in broad new Credit Suisse software view - Seeking Alpha

September 23, 2022 | businesswire.com

Blackline Safety Named One of Canada's Top Growing Companies in Globe & Mail's 2022 Rankings - Business Wire

September 22, 2022 | latimes.com

Use these mental health resources to help yourself — or anyone else - Los Angeles Times

September 19, 2022 | businesswire.com

Blackline Safety Sets New Standard in Connected Worker Safety with Launch of G6 - Business Wire

September 14, 2022 | finance.yahoo.com

Blackline Safety Reports Fiscal Third Quarter of 2022 Results – Revenue up 46% Year-over-Year to $18.6 Million - Yahoo Finance

September 14, 2022 | businesswire.com

Blackline Safety Reports Fiscal Third Quarter of 2022 Results – Revenue up 46% Year-over-Year to $18.6 Million - Business Wire

September 13, 2022 | businesswire.com

Blackline Safety appoints former Sierra Wireless CEO, Jason W. Cohenour, to Board of Directors - Business Wire

September 13, 2022 | finance.yahoo.com

Aquadrill Issues June 30, 2022 Financial Statements - Yahoo Finance

September 10, 2022 | washingtonpost.com

How to get the most from an open water swim - The Washington Post

September 9, 2022 | baystreet.ca

U.S. Hears Inflation News Next Week - Baystreet.ca

September 8, 2022 | benzinga.com

(BL) – FERF Report Reveals that Private Companies are Tackling Financial Preparedness to Support Ramping - Benzinga

September 7, 2022 | businesswire.com

Blackline Safety to Unveil Disruptive Connected Wearable at NSC Safety Congress & Expo - Business Wire

September 7, 2022 | finance.yahoo.com

Blackline Safety to Unveil Disruptive Connected Wearable at NSC Safety Congress & Expo - Yahoo Finance

September 7, 2022 | finance.yahoo.com

Trade Alert: The Chairman of the Board & CEO Of Blackline Safety Corp. (TSE:BLN), Cody Slater, Has Just Spent CA$500k Buying 15% More Shares

September 1, 2022 | seekingalpha.com

BlackLine said to have recently rejected takeover bid - report (NASDAQ:BL) - Seeking Alpha

September 1, 2022 | businesswire.com

Blackline Safety Announces Fiscal Third Quarter 2022 Financial Results Conference Call - Business Wire

September 1, 2022 | finance.yahoo.com

Blackline Announces Closing of Bought Deal Financing and Concurrent Private Placement - Yahoo Finance

August 31, 2022 | msn.com

August sees several global companies enter or expand in India

August 31, 2022 | benzinga.com

(BL) – BlackLine Announces Participation in Upcoming Piper Sandler Growth Frontiers Conference - Benzinga

August 30, 2022 | finance.yahoo.com

BlackLine Announces Participation in Upcoming Piper Sandler Growth Frontiers Conference

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BL Company Calendar

Last Earnings: 8/04/2022
Today: 9/28/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:BL
CUSIP: N/A
CIK: 1666134
Web: www.blackline.com
Phone: (818) 223-9008
Fax: N/A
Employees: 1,557
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $92.80
High Stock Price Forecast: $140.00
Low Stock Price Forecast: $64.00
Forecasted Upside/Downside: +53.6%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.21)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-100,080,000.00
Net Margins: -15.09%
Pretax Margin: -17.09%
Return on Equity: -22.04%
Return on Assets: -2.45%

Debt

Debt-to-Equity Ratio: 17.46
Current Ratio: 3.57
Quick Ratio: 3.57

Sales & Book Value

Annual Sales: $425.71 million
Price / Sales: 8.46
Cash Flow: $0.97 per share
Price / Cash Flow: 62.26
Book Value: $5.54 per share
Price / Book: 10.91

Miscellaneous

Outstanding Shares: 59,630,000
Free Float: 53,840,000
Market Cap: $3.60 billion
Optionable: Optionable
Beta: 0.80

Key Executives

Ms. Therese Tucker (Age 61)
Founder & Exec. Chairwoman
Comp: $613.12k

Mr. Marc E. Huffman (Age 51)
CEO & Director
Comp: $1.04M

Mr. Mark W. Partin (Age 54)
CFO & Treasurer
Comp: $671.11k

Mr. Peter Hirsch (Age 61)
Chief Technology Officer
Comp: $599.97k

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 1 sell rating, 3 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?: 8 equities research analysts have issued 12-month price objectives for BlackLine's stock. Their BL share price forecasts range from $64.00 to $140.00. On average, they anticipate the company's stock price to reach $92.80 in the next year. This suggests a possible upside of 53.6% 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 on January 1st, 2022. Since then, BL shares have decreased by 41.6% and is now trading at $60.43.
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 quarterly earnings data on Thursday, August, 4th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.03. 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 22.04%. The business's quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS.
What guidance has BlackLine issued on next quarter's earnings?: BlackLine updated its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided EPS guidance of $0.08-$0.10 for the period, compared to the consensus 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 a price of $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 variety of institutional and retail 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%), Riverbridge Partners LLC (3.32%) and Artisan Partners Limited Partnership (2.99%). 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 $60.43.
How much money does BlackLine make?: BlackLine (NASDAQ:BL) has a market capitalization of $3.60 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 9/29/2022 by MarketBeat.com Staff

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BlackLine - BL Stock Forecast, Price & News

BlackLine MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability