Blackline Stock Price, News & Analysis (NASDAQ:BL)

$48.62
-1.22 (-2.45 %)
(As of 09/23/2019 07:19 AM ET)
Today's Range
$48.2050
Now: $48.62
$50.60
50-Day Range
$44.36
MA: $51.11
$56.01
52-Week Range
$34.01
Now: $48.62
$58.11
Volume601,269 shs
Average Volume538,345 shs
Market Capitalization$2.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.78
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. Read More…

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$227.79 million
Cash Flow$0.1297 per share
Book Value$5.88 per share

Profitability

Net Income$-27,800,000.00

Miscellaneous

Employees850
Market Cap$2.69 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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 earnings results on Thursday, August, 1st. The technology company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.04. The technology company had revenue of $69.70 million for the quarter, compared to the consensus estimate of $67.74 million. Blackline had a negative net margin of 10.20% and a negative return on equity of 4.05%. Blackline's quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the firm 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, November 7th 2019. View Earnings Estimates for Blackline.

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

Blackline issued an update on its FY19 earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $0.22-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $281-284 million, compared to the consensus revenue estimate of $277.62 million.

What price target have analysts set for BL?

6 equities research analysts have issued 12-month target prices for Blackline's shares. Their forecasts range from $41.00 to $62.00. On average, they anticipate Blackline's stock price to reach $52.6667 in the next year. This suggests a possible upside of 8.3% from the stock's current price. 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. " (7/26/2019)
  • 2. KeyCorp analysts commented, "We are raising our estimates on SAP strength, but see 2019 as a sales transition year that could position BL for accelerating growth in 2020." (2/14/2019)

Has Blackline been receiving favorable news coverage?

News articles about BL stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. 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 -1.3 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Blackline.

Are investors shorting Blackline?

Blackline saw a increase in short interest in August. As of August 31st, there was short interest totalling 5,266,600 shares, an increase of 26.6% from the July 31st total of 4,161,500 shares. Based on an average daily trading volume, of 621,600 shares, the short-interest ratio is presently 8.5 days. Approximately 11.2% of the company's stock are sold short. View Blackline's Current Options Chain.

Who are some of Blackline's key 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 IQIYI (IQ), Square (SQ), NVIDIA (NVDA), JD.Com (JD), Micron Technology (MU), Okta (OKTA), Alibaba Group (BABA), Walt Disney (DIS), Teladoc Health (TDOC) and Twilio (TWLO).

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)
  • 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.

Who are Blackline's major shareholders?

Blackline's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.06%), Kayne Anderson Rudnick Investment Management LLC (7.06%), BlackRock Inc. (5.64%), DF Dent & Co. Inc. (5.55%), ICONIQ Capital LLC (4.26%) and Riverbridge Partners LLC (3.46%). 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 institutional investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including ICONIQ Capital LLC, Laurion Capital Management LP, Tremblant Capital Group, Brown Advisory Inc., JPMorgan Chase & Co., Wells Fargo & Company MN, Pentwater Capital Management LP and Parametric Portfolio Associates LLC. Company insiders that have sold Blackline company stock in the last year include Mario Spanicciati, Mark Partin, Morgan Karole Prager and Therese Tucker. View Insider Buying and Selling for Blackline.

Which institutional investors are buying Blackline stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, BlackRock Inc., First Trust Advisors LP, D. E. Shaw & Co. Inc., Nuveen Asset Management LLC and Invesco Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

What is Blackline's stock price today?

One share of BL stock can currently be purchased for approximately $48.62.

How big of a company is Blackline?

Blackline has a market capitalization of $2.69 billion and generates $227.79 million in revenue each year. The technology company earns $-27,800,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Blackline employs 850 workers across the globe.View Additional Information About Blackline.

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:  2.8 out of 5 (star star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  527
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 9/23/2019 by MarketBeat.com Staff

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