S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$69.76
+1.84 (+2.71%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$68.02
$69.91
50-Day Range
$61.38
$78.32
52-Week Range
$49.66
$135.00
Volume
287,304 shs
Average Volume
627,765 shs
Market Capitalization
$4.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$96.89

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
38.9% Upside
$96.89 Price Target
Short Interest
Healthy
9.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.63mentions of BlackLine in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$287,268 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.

2.00 out of 5 stars

Computer And Technology Sector

495th out of 665 stocks

Prepackaged Software Industry

176th out of 230 stocks

BL stock logo

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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BTIG Research cut their price objective on shares of BlackLine from $115.00 to $95.00 in a report on Friday, May 6th. JMP Securities lowered their target price on BlackLine from $145.00 to $112.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 20th. Robert W. Baird decreased their price objective on shares of BlackLine from $105.00 to $95.00 in a report on Friday, May 6th. Bank of America cut BlackLine from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $75.00 to $64.00 in a research note on Monday, July 18th. They noted that the move was a valuation call. Finally, StockNews.com raised shares of BlackLine from a "sell" rating to a "hold" rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, BlackLine currently has an average rating of "Hold" and an average target price of $96.89.

BlackLine Trading Up 2.7 %

NASDAQ:BL traded up $1.84 during mid-day trading on Friday, hitting $69.76. 287,304 shares of the stock traded hands, compared to its average volume of 627,765. The company has a quick ratio of 3.45, a current ratio of 3.57 and a debt-to-equity ratio of 17.46. The firm's 50 day moving average is $68.55 and its two-hundred day moving average is $71.03. BlackLine has a 52 week low of $49.66 and a 52 week high of $135.00. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -57.65 and a beta of 0.84.

BlackLine (NASDAQ:BL - Get Rating) last released its earnings results on Thursday, August 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $128.48 million for the quarter, compared to the consensus estimate of $126.54 million. BlackLine had a negative return on equity of 22.04% and a negative net margin of 15.09%. The firm's revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. On average, equities research analysts predict that BlackLine will post -0.81 earnings per share for the current year.

Insider Transactions at BlackLine

In related news, CTO Peter Hirsch sold 2,592 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $71.77, for a total value of $186,027.84. Following the transaction, the chief technology officer now directly owns 38,391 shares of the company's stock, valued at approximately $2,755,322.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BlackLine news, Director Thomas Unterman sold 500 shares of the firm's stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $66.36, for a total value of $33,180.00. Following the sale, the director now owns 50,130 shares in the company, valued at $3,326,626.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Peter Hirsch sold 2,592 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $71.77, for a total value of $186,027.84. Following the sale, the chief technology officer now directly owns 38,391 shares of the company's stock, valued at $2,755,322.07. The disclosure for this sale can be found here. Insiders sold 4,092 shares of company stock worth $287,268 in the last 90 days. Insiders own 9.71% of the company's stock.

Receive BL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter.

BL Stock News Headlines

BlackLine (NASDAQ:BL) Stock Rating Upgraded by StockNews.com
Why This Analyst Has Turned Bearish On BlackLine
See More Headlines
Receive BL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter.

BL Company Calendar

Last Earnings
8/04/2022
Today
8/13/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$96.89
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+38.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-17.09%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.94 per share
Book Value
$1.33 per share

Miscellaneous

Free Float
53,840,000
Market Cap
$4.16 billion
Optionable
Optionable
Beta
0.84














BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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?

7 Wall Street analysts have issued 1-year target prices for BlackLine's shares. Their BL share price forecasts range from $64.00 to $140.00. On average, they expect the company's share price to reach $96.89 in the next twelve months. This suggests a possible upside of 38.9% 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 at the beginning of 2022. Since then, BL shares have decreased by 32.6% and is now trading at $69.76.
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) posted its quarterly earnings results on Thursday, August, 4th. The technology company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. The technology company had revenue of $128.48 million for the quarter, compared to analyst estimates of $126.54 million. BlackLine had a negative trailing twelve-month return on equity of 22.04% and a negative net margin of 15.09%. BlackLine's revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS.

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

BlackLine issued an update on its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of $0.08-$0.10 for the period, compared to the consensus EPS 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 shareholders include Kayne Anderson Rudnick Investment Management LLC (4.34%), Riverbridge Partners LLC (3.73%), Artisan Partners Limited Partnership (2.99%), Brown Advisory Inc. (2.47%), Conestoga Capital Advisors LLC (2.37%) and Baillie Gifford & Co. (2.13%). 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 $69.76.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $4.16 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 8/14/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.