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NASDAQ:BL

BlackLine (BL) Stock Forecast, Price & News

$70.56
-1.51 (-2.10%)
(As of 05/23/2022 04:00 PM ET)
Add
Compare
Today's Range
$67.40
$71.77
50-Day Range
$51.79
$76.98
52-Week Range
$49.66
$135.00
Volume
1.22 million shs
Average Volume
691,511 shs
Market Capitalization
$4.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
0.91
30 days | 90 days | 365 days | Advanced Chart
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BlackLine logo

About BlackLine

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.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,557
Year Founded
N/A

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.97 per share
Book Value
$1.11 per share

Profitability

Net Income
$-100.08 million
Pretax Margin
-20.97%

Debt

Price-To-Earnings

Miscellaneous

Free Float
53,553,000
Market Cap
$4.19 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/05/2022
Today
5/23/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.89 out of 5 stars

Computer And Technology Sector

480th out of 919 stocks

Prepackaged Software Industry

165th out of 297 stocks

Analyst Opinion: 3.3Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













BlackLine (NASDAQ:BL) Frequently Asked Questions

Is BlackLine a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BlackLine stock.
View analyst ratings for BlackLine
or view top-rated stocks.

When is BlackLine's next earnings date?

BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for BlackLine
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its quarterly earnings data on Thursday, May, 5th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The technology company had revenue of $120.24 million for the quarter, compared to analyst estimates of $119.57 million. BlackLine had a negative trailing twelve-month return on equity of 12.37% and a negative net margin of 19.28%. The business's revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS.
View BlackLine's earnings history
.

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

BlackLine updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of 0-$0.01 for the period, compared to the consensus earnings per share estimate of 0. The company issued revenue guidance of $126.00 million-$127.00 million, compared to the consensus revenue estimate of $125.22 million.

What price target have analysts set for BL?

6 brokers have issued 12-month price targets for BlackLine's stock. Their forecasts range from $70.00 to $140.00. On average, they anticipate BlackLine's share price to reach $101.00 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price.
View analysts' price targets for BlackLine
or view top-rated stocks among Wall Street analysts.

Who are BlackLine's key executives?
BlackLine's management team includes the following people:
What is Therese Tucker's approval rating as BlackLine's CEO?

155 employees have rated BlackLine CEO Therese Tucker on Glassdoor.com. Therese Tucker has an approval rating of 90% among BlackLine's employees.

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), 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 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.53%), Riverbridge Partners LLC (3.77%), Echo Street Capital Management LLC (3.21%), Conestoga Capital Advisors LLC (2.41%), Champlain Investment Partners LLC (2.34%) and Baillie Gifford & Co. (2.23%). Company insiders that own BlackLine stock include Graham Smith, Marc Huffman, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Owen Ryan, Peter Hirsch, Therese Tucker and Thomas Unterman.
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 SG Americas Securities LLC, Ensign Peak Advisors Inc, Loomis Sayles & Co. L P, Canada Pension Plan Investment Board, Eagle Asset Management Inc., Baillie Gifford & Co., Frontier Capital Management Co. LLC, and Northern Trust Corp. Company insiders that have sold BlackLine company stock in the last year include Graham Smith, Marc Huffman, Mark Partin, Mark Woodhams, Peter Hirsch, Therese Tucker, and Thomas Unterman.
View insider buying and selling activity for BlackLine
or view top insider-selling stocks.

Which institutional investors are buying BlackLine stock?

BL stock was purchased by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Brown Advisory Inc., Champlain Investment Partners LLC, Renaissance Technologies LLC, Toronado Partners LLC, Healthcare of Ontario Pension Plan Trust Fund, WCM Investment Management LLC, and Riverbridge Partners LLC.
View insider buying and selling activity for BlackLine
or or view top insider-buying stocks.

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 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 $70.56.

How much money does BlackLine make?

BlackLine has a market capitalization of $4.19 billion and generates $425.71 million in revenue each year. The technology company earns $-100.08 million in net income (profit) each year or ($1.470010) on an earnings per share basis.

How many employees does BlackLine have?

BlackLine employs 1,557 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 5/23/2022 by MarketBeat.com Staff

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