NASDAQ:BLBlackline Stock Price, Forecast & News

Blackline's stock was trading at $61.66 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BL shares have increased by 41.8% and is now trading at $87.44. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blackline.

Blackline is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Blackline.

Blackline will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Blackline Inc (NASDAQ:BL) issued its earnings results on Thursday, April, 30th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The technology company earned $82.60 million during the quarter, compared to analyst estimates of $79.54 million. Blackline had a negative return on equity of 2.61% and a negative net margin of 11.87%. The company's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. View Blackline's earnings history.

Blackline issued an update on its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $0.08-$0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $80-$82 million, compared to the consensus revenue estimate of $82.41 million.

7 brokers have issued 1-year price targets for Blackline's stock. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's share price to reach $73.50 in the next twelve months. This suggests that the stock has a possible downside of 15.9%. View analysts' price targets for Blackline.

Press coverage about BL stock has been trending very negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackline earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Blackline.

Some companies that are related to Blackline include Citrix Systems (CTXS), Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Dynatrace (DT), Cloudflare (NET), Nice (NICE), Ceridian HCM (CDAY), NortonLifeLock (NLOK) and Alteryx (AYX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackline investors own include Square (SQ), Okta (OKTA), NVIDIA (NVDA), Alibaba Group (BABA), JD.Com (JD), Coupa Software (COUP), Walt Disney (DIS), Micron Technology (MU), Zoom Video Communications (ZM) and Chewy (CHWY).

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

Blackline trades on the NASDAQ under the ticker symbol "BL."

Blackline's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.35%), Envestnet Asset Management Inc. (0.23%), Carnegie Capital Asset Management LLC (0.13%), Gradient Investments LLC (0.04%), Paragon Advisors LLC (0.01%) and Diversified Trust Co (0.01%). Company insiders that own Blackline stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman. View institutional ownership trends for Blackline.

BL stock was sold by a variety of institutional investors in the last quarter, including Gradient Investments LLC. Company insiders that have sold Blackline company stock in the last year include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, and Thomas Unterman. View insider buying and selling activity for Blackline.

BL stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Paragon Advisors LLC, Riverbridge Partners LLC, Carnegie Capital Asset Management LLC, and Diversified Trust Co. View insider buying and selling activity for 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.

One share of BL stock can currently be purchased for approximately $87.44.

Blackline has a market capitalization of $4.93 billion and generates $288.98 million in revenue each year. The technology company earns $-30,700,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. Blackline employs 1,055 workers across the globe.

The official website for Blackline is www.blackline.com.

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]