NASDAQ:BL - Blackline Stock Price, News, & Analysis

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$46.79 +1.69 (+3.75 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$46.79
Today's Range$45.05 - $47.40
52-Week Range$31.53 - $58.11
Volume838,006 shs
Average Volume305,477 shs
Market Capitalization$2.46 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.87
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.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone818-223-9008

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$177.03 million
Cash Flow$0.0161 per share
Book Value$5.57 per share

Profitability

Net Income$-38,060,000.00

Miscellaneous

Employees740
Market Cap$2.46 billion
OptionableOptionable

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) announced its quarterly earnings results on Thursday, November, 1st. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.08) by $0.15. The technology company earned $58.70 million during the quarter, compared to the consensus estimate of $57.64 million. Blackline had a negative return on equity of 3.58% and a negative net margin of 12.02%. Blackline's revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) 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, February 14th 2019. View Earnings Estimates for Blackline.

How can I listen to Blackline's earnings call?

Blackline will be holding an earnings conference call on Thursday, February 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8442297595.

What price target have analysts set for BL?

6 brokers have issued 12-month price objectives for Blackline's shares. Their forecasts range from $27.00 to $56.00. On average, they expect Blackline's stock price to reach $45.25 in the next year. This suggests that the stock has a possible downside of 3.3%. View Analyst Price Targets for Blackline.

What is the consensus analysts' recommendation for Blackline?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackline.

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. " (1/1/2019)
  • 2. KeyCorp analysts commented, "We lower our PT to $56 from $65 but remain Overweight on a favorable risk/reward and a strong competitive moat in cloud accounting. New SAP deal structure (net vs. gross) could temper growth near term. Additional disclosures on the new SAP Solution Extension (SolEx) in the appendix of the financial analyst slides confirm a shift in revenue-recognition from gross deal value to net deal value for new SAP business. The growth comparisons for new SAP business could be adversely affected by this change, but it should benefit margins with the elimination of perpetual fee payments to SAP that are currently included in S&M. New sales leadership and SAP deal could accelerate growth in 2H19." (11/15/2018)

Has Blackline been receiving favorable news coverage?

News articles about BL stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackline earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Blackline's key competitors?

Who are Blackline's key executives?

Blackline's management team includes the folowing 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)
  • Ms. Kimberly Uberti, VP of Global Corp. Communications

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 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.

Who are Blackline's major shareholders?

Blackline's stock is owned by many different of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (2.95%), Barton Investment Management (0.99%), Gagnon Securities LLC (0.39%), Gagnon Advisors LLC (0.22%) and Evanson Asset Management LLC (0.01%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Institutional Ownership Trends for Blackline.

Which major investors are buying Blackline stock?

BL stock was bought by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Gagnon Securities LLC, Gagnon Advisors LLC, Barton Investment Management and Evanson Asset Management LLC. 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 $46.79.

How big of a company is Blackline?

Blackline has a market capitalization of $2.46 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.

What is Blackline's official website?

The official website for Blackline is http://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]


MarketBeat Community Rating for Blackline (NASDAQ BL)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  234 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  409
MarketBeat'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 1/19/2019 by MarketBeat.com Staff

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