NASDAQ:BL - Blackline Stock Price, Forecast & News

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

Blackline Inc (NASDAQ:BL) announced its quarterly earnings data on Wednesday, November, 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.09. The technology company had revenue of $74.93 million for the quarter, compared to analysts' expectations of $72.33 million. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%. Blackline's revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. View Blackline's Earnings History.

Blackline is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Blackline.

Blackline will be holding an earnings conference call on Thursday, February 13th 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 issued an update on its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided earnings per share guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $77.3-78.3 million, compared to the consensus revenue estimate of $76.59 million.

5 brokers have issued 12 month target prices for Blackline's stock. Their forecasts range from $41.00 to $75.00. On average, they expect Blackline's share price to reach $58.60 in the next twelve months. This suggests that the stock has a possible downside of 1.8%. View Analyst Price Targets for Blackline.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackline.

Media stories about BL stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackline earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Blackline.

Blackline saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,280,000 shares, an increase of 6.3% from the December 15th total of 5,910,000 shares. Based on an average daily volume of 353,700 shares, the days-to-cover ratio is currently 17.8 days. Approximately 13.2% of the shares of the company are short sold. View Blackline's Current Options Chain.

Some companies that are related to Blackline include Docusign (DOCU), Datadog (DDOG), Crowdstrike (CRWD), Tyler Technologies (TYL), Temenos (TMNSF), Coupa Software (COUP), Ceridian HCM (CDAY), PTC (PTC), Black Knight (BKI), Guidewire Software (GWRE), UBISOFT ENTMT S/ADR (UBSFY), Alteryx (AYX), Mongodb (MDB), HubSpot (HUBS) and Dynatrace (DT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackline investors own include IQIYI (IQ), NVIDIA (NVDA), Walt Disney (DIS), Square (SQ), Alibaba Group (BABA), Twilio (TWLO), JD.Com (JD), Match Group (MTCH), Netflix (NFLX) and Okta (OKTA).

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

Blackline's stock is owned by many different of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (3.40%), Conestoga Capital Advisors LLC (2.75%), Chicago Capital LLC (1.11%), Barton Investment Management (1.07%), Copper Rock Capital Partners LLC (0.48%) and California Public Employees Retirement System (0.18%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta, 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 Strs Ohio, IFP Advisors Inc, Diversified Trust Co, Riverbridge Partners LLC, Barton Investment Management, Copper Rock Capital Partners LLC and We Are One Seven LLC. Company insiders that have sold Blackline company stock in the last year include Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Therese Tucker and Thomas Unterman. View Insider Buying and Selling for Blackline.

BL stock was purchased by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, SG Americas Securities LLC, California Public Employees Retirement System, Virginia Retirement Systems ET AL, Janney Montgomery Scott LLC, Chicago Capital LLC, Squar Milner Financial Services LLC and Advisors Capital Management LLC. View Insider Buying and Selling 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 $59.69.

Blackline has a market capitalization of $3.32 billion and generates $227.79 million in revenue each year. The technology company earns $-27,800,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Blackline employs 850 workers across the globe.View Additional Information About Blackline.

The official website for Blackline is http://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]