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NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$65.19
-0.21 (-0.32%)
(As of 10/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$63.44
▼
$65.89
50-Day Range
$55.83
▼
$74.35
52-Week Range
$49.66
▼
$135.00
Volume
354,745 shs
Average Volume
513,932 shs
Market Capitalization
$3.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$92.80

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
42.4% Upside
$92.80 Price Target
Short Interest
Healthy
8.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.65mentions of BlackLine in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$201,160 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.

1.94 out of 5 stars

Computer And Technology Sector

476th out of 631 stocks

Prepackaged Software Industry

167th out of 225 stocks

See Top Rated MarketRank™ Stocks Here
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.

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BL Stock News Headlines

October 6, 2022 | americanbankingnews.com
BlackLine, Inc. (NASDAQ:BL) Director Sells $30,340.00 in Stock
October 5, 2022 | finance.yahoo.com
BlackLine Receives Tech Cares Award from TrustRadius for Third Consecutive Year
October 5, 2022 | americanbankingnews.com
Short Interest in BlackLine, Inc. (NASDAQ:BL) Drops By 5.3%
September 30, 2022 | americanbankingnews.com
BlackLine (NASDAQ:BL) Upgraded by StockNews.com to Hold
September 30, 2022 | americanbankingnews.com
BlackLine (NASDAQ:BL) Raised to "Hold" at StockNews.com
September 29, 2022 | businesswire.com
Blackline Safety Secures $3.3 Million Renewal with Energy & Utility Leader - Business Wire
September 28, 2022 | finance.yahoo.com
BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management - Yahoo Finance
September 27, 2022 | businesswire.com
Blackline Safety Awarded Préventica's Prix de l'innovation - Business Wire
September 27, 2022 | finance.yahoo.com
BlackLine Unveils Industry's First 'Tax Hyperautomation' Capabilities for Intercompany Financial Management
September 27, 2022 | americanbankingnews.com
Brokerages Set BlackLine, Inc. (NASDAQ:BL) Target Price at $94.78
September 24, 2022 | seekingalpha.com
Zoom, Datadog among companies in broad new Credit Suisse software view - Seeking Alpha
September 23, 2022 | businesswire.com
Blackline Safety Named One of Canada's Top Growing Companies in Globe & Mail's 2022 Rankings - Business Wire
September 22, 2022 | latimes.com
Use these mental health resources to help yourself — or anyone else - Los Angeles Times
September 19, 2022 | businesswire.com
Blackline Safety Sets New Standard in Connected Worker Safety with Launch of G6 - Business Wire
September 14, 2022 | finance.yahoo.com
Blackline Safety Reports Fiscal Third Quarter of 2022 Results – Revenue up 46% Year-over-Year to $18.6 Million - Yahoo Finance
September 14, 2022 | businesswire.com
Blackline Safety Reports Fiscal Third Quarter of 2022 Results – Revenue up 46% Year-over-Year to $18.6 Million - Business Wire
September 13, 2022 | businesswire.com
Blackline Safety appoints former Sierra Wireless CEO, Jason W. Cohenour, to Board of Directors - Business Wire
September 13, 2022 | finance.yahoo.com
Aquadrill Issues June 30, 2022 Financial Statements - Yahoo Finance
September 10, 2022 | washingtonpost.com
How to get the most from an open water swim - The Washington Post
September 9, 2022 | baystreet.ca
U.S. Hears Inflation News Next Week - Baystreet.ca
September 8, 2022 | benzinga.com
(BL) – FERF Report Reveals that Private Companies are Tackling Financial Preparedness to Support Ramping - Benzinga
September 7, 2022 | businesswire.com
Blackline Safety to Unveil Disruptive Connected Wearable at NSC Safety Congress & Expo - Business Wire
September 7, 2022 | finance.yahoo.com
Blackline Safety to Unveil Disruptive Connected Wearable at NSC Safety Congress & Expo - Yahoo Finance
September 7, 2022 | finance.yahoo.com
Trade Alert: The Chairman of the Board & CEO Of Blackline Safety Corp. (TSE:BLN), Cody Slater, Has Just Spent CA$500k Buying 15% More Shares
September 1, 2022 | seekingalpha.com
BlackLine said to have recently rejected takeover bid - report (NASDAQ:BL) - Seeking Alpha
See More Headlines
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BL Company Calendar

Last Earnings
8/04/2022
Today
10/06/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:BL
CUSIP
N/A
CIK
1666134
Web
www.blackline.com
Phone
(818) 223-9008
Fax
N/A
Employees
1,557
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$92.80
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+42.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.21)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-100,080,000.00
Net Margins
-15.09%
Pretax Margin
-17.09%
Return on Equity
-22.04%
Return on Assets
-2.45%

Debt

Debt-to-Equity Ratio
17.46
Current Ratio
3.57
Quick Ratio
3.57

Sales & Book Value

Annual Sales
$425.71 million
Price / Sales
9.13
Cash Flow
$0.91 per share
Price / Cash Flow
71.72
Book Value
$5.54 per share
Price / Book
11.77

Miscellaneous

Outstanding Shares
59,630,000
Free Float
53,840,000
Market Cap
$3.89 billion
Optionable
Optionable
Beta
0.83

Key Executives

  • Ms. Therese TuckerMs. Therese Tucker (Age 61)
    Founder & Exec. Chairwoman
    Comp: $613.12k
  • Mr. Marc E. HuffmanMr. Marc E. Huffman (Age 51)
    CEO & Director
    Comp: $1.04M
  • Mr. Mark W. PartinMr. Mark W. Partin (Age 54)
    CFO & Treasurer
    Comp: $671.11k
  • Mr. Peter HirschMr. Peter Hirsch (Age 61)
    Chief Technology Officer
    Comp: $599.97k
  • Mr. Mark WoodhamsMr. Mark Woodhams (Age 59)
    Chief Revenue Officer
    Comp: $851.74k
  • Mr. Patrick Villanova
    Chief Accounting Officer & Controller
  • Ms. Karole Morgan-Prager (Age 59)
    Chief Legal & Admin. Officer and Sec.
  • Ms. Alexandra Geller
    VP of Investor Relations
  • Ms. Kimberly Uberti
    VP of Global Corp. Communications
  • Mr. Andres Botero (Age 51)
    Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 1 sell rating, 3 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?

8 brokerages have issued twelve-month target prices for BlackLine's stock. Their BL share price forecasts range from $64.00 to $140.00. On average, they expect the company's stock price to reach $92.80 in the next twelve months. This suggests a possible upside of 42.4% 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 the year. Since then, BL shares have decreased by 37.0% and is now trading at $65.19.
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) released its quarterly earnings data on Thursday, August, 4th. The technology company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.23) by $0.03. The technology company earned $128.48 million during 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%. The business's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share.

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

BlackLine updated its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share (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 $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."

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 $65.19.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.89 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 10/6/2022 by MarketBeat.com Staff

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