Blackline Company Profile (NASDAQ:BL)

About Blackline (NASDAQ:BL)

Blackline logoBlackLine, Inc. is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance. Its platform consists of seven core cloud-based products, including Account Reconciliation, Task Management, Transaction Matching, Journal Entry, Variance Analysis, Consolidation Integrity Manager and Daily Reconciliation. The Company's solutions include Reconciliation Management and Financial Close Management and Insights. It operates through two geographical regions, which include the United States and International. As of December 31, 2016, its software integrated with, and obtained data from, more than 30 various enterprise resource planning (ERP) systems, including NetSuite, Oracle and Workday, as well as many other financial systems and applications.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:BL
  • CUSIP: N/A
  • Web: www.blackline.com
Capitalization:
  • Market Cap: $1.75 billion
  • Outstanding Shares: 52,470,000
Average Prices:
  • 50 Day Moving Avg: $34.52
  • 200 Day Moving Avg: $34.52
  • 52 Week Range: $21.66 - $36.53
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -333.70
  • P/E Growth: -6.50
Sales & Book Value:
  • Annual Revenue: $148.46 million
  • Price / Sales: 11.79
  • Book Value: $5.66 per share
  • Price / Book: 5.90
Profitability:
  • EBIDTA: ($13,080,000.00)
  • Net Margins: -27.89%
  • Return on Equity: -6.54%
  • Return on Assets: -4.23%
Debt:
  • Current Ratio: 1.50%
  • Quick Ratio: 1.50%
Misc:
  • Average Volume: 568,857 shs.
  • Short Ratio: 7
 

Frequently Asked Questions for Blackline (NASDAQ:BL)

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) posted its earnings results on Thursday, August, 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.12. The firm earned $42.30 million during the quarter, compared to analysts' expectations of $41.45 million. Blackline had a negative net margin of 27.89% and a negative return on equity of 6.54%. Blackline's quarterly revenue was up 45.9% on a year-over-year basis. View Blackline's Earnings History.

When will Blackline make its next earnings announcement?

Blackline is scheduled to release their next quarterly earnings announcement on Wednesday, November, 29th 2017. View Earnings Estimates for Blackline.

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

Blackline updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of ($0.19)-($0.15) for the period, compared to the Thomson Reuters consensus estimate of ($0.27). The company issued revenue guidance of $170-$173 million, compared to the consensus revenue estimate of $172.08 million.Blackline also updated its Q3 guidance to ($0.07)-($0.05) EPS.

Where is Blackline's stock going? Where will Blackline's stock price be in 2017?

9 brokers have issued 1 year price targets for Blackline's shares. Their predictions range from $31.00 to $43.00. On average, they anticipate Blackline's stock price to reach $35.40 in the next twelve months. View Analyst Ratings for Blackline.

Are investors shorting Blackline?

Blackline saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,805,003 shares, an increase of 49.5% from the July 31st total of 1,207,634 shares. Based on an average daily trading volume, of 522,901 shares, the short-interest ratio is presently 3.5 days. Currently, 7.4% of the shares of the company are short sold.

Who are some of Blackline's key competitors?

Who are Blackline's key executives?

Blackline's management team includes the folowing people:

  • John Brennan, Independent Chairman of the Board
  • Therese Tucker, Chief Executive Officer, Director
  • Mark Partin, Chief Financial Officer, Treasurer
  • Karole R. Morgan-Prager, Chief Legal and Administrative Officer, Secretary
  • Mario Spanicciati, Chief Marketing Officer and Director
  • Chris Murphy, Chief Revenue Officer
  • Jason Babcoke, Independent Director
  • William J.G. Griffith IV, Independent Director
  • Hollie Haynes, Independent Director
  • Graham V. Smith, Independent Director

When did Blackline IPO?

(BL) raised $120 million in an initial public offering (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 served 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.

How do I buy Blackline stock?

Shares of Blackline can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Blackline's stock price today?

One share of Blackline stock can currently be purchased for approximately $33.37.


MarketBeat Community Rating for Blackline (NASDAQ BL)
Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  99 (Vote Outperform)
Underperform Votes:  48 (Vote Underperform)
Total Votes:  147
MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Blackline (NASDAQ:BL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $35.40 (6.08% upside)

Analysts' Ratings History for Blackline (NASDAQ:BL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/22/2017KeyCorpReiterated RatingBuy$39.00LowView Rating Details
6/26/2017SunTrust Banks, Inc.Initiated CoverageBuy -> Buy$43.00HighView Rating Details
6/26/2017JMP SecuritiesInitiated CoverageMarket PerformLowView Rating Details
5/8/2017William BlairReiterated RatingOutperformHighView Rating Details
2/28/2017Robert W. BairdInitiated CoverageOutperform -> Outperform$33.00N/AView Rating Details
11/30/2016Pacific CrestReiterated RatingOverweight$31.00N/AView Rating Details
11/22/2016Raymond James Financial, Inc.Initiated CoverageOutperform$31.00N/AView Rating Details
11/22/2016J P Morgan Chase & CoInitiated CoverageNeutralN/AView Rating Details
11/22/2016Goldman Sachs Group IncInitiated CoverageNeutralN/AView Rating Details
(Data available from 9/26/2015 forward)

Earnings

Earnings History for Blackline (NASDAQ:BL)
Earnings by Quarter for Blackline (NASDAQ:BL)
Earnings History by Quarter for Blackline (NASDAQ BL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/29/2017        
8/3/2017Q2 2017($0.15)($0.03)$41.45 million$42.30 millionViewListenView Earnings Details
2/23/2017Q416($0.12)($0.08)$34.13 million$35.90 millionViewN/AView Earnings Details
11/30/2016Q316($0.15)($0.07)$21.66 million$32.20 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Blackline (NASDAQ:BL)
Current Year EPS Consensus Estimate: $-0.17 EPS
Next Year EPS Consensus Estimate: $-0.10 EPS

Dividends

Dividend History for Blackline (NASDAQ:BL)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Blackline (NASDAQ:BL)
Insider Ownership Percentage: 22.35%
Institutional Ownership Percentage: 77.65%
Insider Trades by Quarter for Blackline (NASDAQ:BL)
Insider Trades by Quarter for Blackline (NASDAQ:BL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/18/2017Mario SpanicciatiInsiderSell10,625$32.99$350,518.75View SEC Filing  
9/12/2017Mario SpanicciatiInsiderSell12,750$33.32$424,830.00View SEC Filing  
9/5/2017Mario SpanicciatiInsiderSell10,625$30.45$323,531.25View SEC Filing  
8/29/2017Mario SpanicciatiInsiderSell2,125$30.00$63,750.00View SEC Filing  
8/28/2017Mario SpanicciatiInsiderSell8,500$29.28$248,880.00View SEC Filing  
8/23/2017Therese TuckerCEOSell20,000$29.12$582,400.00View SEC Filing  
8/21/2017Mario SpanicciatiInsiderSell8,500$29.25$248,625.00View SEC Filing  
8/14/2017Mario SpanicciatiInsiderSell10,625$29.88$317,475.00View SEC Filing  
8/7/2017Mario SpanicciatiInsiderSell10,625$30.31$322,043.75View SEC Filing  
7/31/2017Mario SpanicciatiInsiderSell12,750$38.91$496,102.50View SEC Filing  
7/28/2017Mario SpanicciatiInsiderSell4,250$40.00$170,000.00View SEC Filing  
7/24/2017Mario SpanicciatiInsiderSell12,750$37.57$479,017.50View SEC Filing  
7/17/2017Mario SpanicciatiInsiderSell12,750$36.93$470,857.50View SEC Filing  
7/10/2017Mario SpanicciatiInsiderSell12,750$36.40$464,100.00View SEC Filing  
7/3/2017Mario SpanicciatiInsiderSell12,750$35.79$456,322.50View SEC Filing  
6/16/2017Mario SpanicciatiInsiderSell5,000$35.34$176,700.00View SEC Filing  
6/12/2017Mario SpanicciatiInsiderSell25,000$32.94$823,500.00View SEC Filing  
6/5/2017Mario SpanicciatiInsiderSell25,000$34.65$866,250.00View SEC Filing  
6/2/2017Mario SpanicciatiInsiderSell5,000$35.20$176,000.00View SEC Filing  
5/30/2017Mario SpanicciatiInsiderSell25,000$33.98$849,500.00View SEC Filing  
5/22/2017Mario SpanicciatiInsiderSell25,000$32.43$810,750.00View SEC Filing  
11/2/2016Iconiq Strategic Partners, L.PMajor ShareholderBuy825,000$17.00$14,025,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Blackline (NASDAQ:BL)
Latest Headlines for Blackline (NASDAQ:BL)
Source:
DateHeadline
americanbankingnews.com logoAsure Software (ASUR) versus Blackline (BL) Critical Survey
www.americanbankingnews.com - September 26 at 12:28 AM
finance.yahoo.com logoBlackLine, Inc. breached its 50 day moving average in a Bullish Manner : BL-US : September 25, 2017
finance.yahoo.com - September 25 at 8:08 PM
americanbankingnews.com logo Analysts Expect Blackline Inc (BL) to Announce -$0.06 Earnings Per Share
www.americanbankingnews.com - September 25 at 4:12 AM
americanbankingnews.com logoBlackline Inc (BL) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - September 23 at 8:50 PM
americanbankingnews.com logoContrasting BLACKLINE INC (BL) and Its Rivals
www.americanbankingnews.com - September 23 at 10:24 AM
americanbankingnews.com logoBlackline Inc (BL) Earns "Buy" Rating from KeyCorp
www.americanbankingnews.com - September 22 at 6:58 AM
finance.yahoo.com logoBlackLine Live Brings The Continuous Accounting Experience To Finance & Accounting Professionals In Europe And The UK
finance.yahoo.com - September 20 at 5:21 PM
americanbankingnews.com logoInsider Selling: Blackline Inc (BL) Insider Sells 10,625 Shares of Stock
www.americanbankingnews.com - September 18 at 7:44 PM
finance.yahoo.com logoSensiba San Filippo Partners with BlackLine
finance.yahoo.com - March 20 at 3:20 PM
fool.com logoHow Blackline Plans to Conquer the Accounting Industry
www.fool.com - March 7 at 10:40 AM
feeds.benzinga.com logoBlackline Delivers Q4 That Was Solid By Any Measure
feeds.benzinga.com - February 24 at 8:12 AM
finance.yahoo.com logoBlackLine Announces Date for Fourth Quarter and Full Year 2016 Earnings Release and Conference Call
finance.yahoo.com - February 6 at 8:58 PM
finance.yahoo.com logoBlackline Gets A Downgrade From Vetr Ahead Of Earnings Report
finance.yahoo.com - February 6 at 8:58 PM
finance.yahoo.com logoBlackLine (BL): Strong Industry, Solid Earnings Estimate Revisions
finance.yahoo.com - December 30 at 4:15 PM
finance.yahoo.com logoBlackLine Makes Software 500 List For 6th Year In A Row
finance.yahoo.com - December 8 at 4:04 PM

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Chart

Blackline (BL) Chart for Tuesday, September, 26, 2017

This page was last updated on 9/26/2017 by MarketBeat.com Staff