BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management solution that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform, primarily through direct sales force to enterprises, mid-market companies, and multinational corporations. BlackLine, Inc. has a strategic alliance with Ernst & Young LLP to expand process automation capabilities and finance transformation services. The company was founded in 2001 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone818-223-9008
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$177.03 million
Profitability
Miscellaneous
Employees740
OptionableOptionable
Blackline (NASDAQ:BL) Frequently Asked Questions
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 quarterly earnings results on Thursday, November, 1st. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.08) by $0.15. The technology company had revenue of $58.70 million for the quarter, compared to analyst estimates of $57.64 million. Blackline had a negative net margin of 12.02% and a negative return on equity of 3.58%. Blackline's revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. View Blackline's Earnings History.
When is Blackline's next earnings date?
How can I listen to Blackline's earnings call?
Blackline will be holding an earnings conference call on Thursday, February 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8442297595.
What price target have analysts set for BL?
7 Wall Street analysts have issued 12-month target prices for Blackline's stock. Their predictions range from $27.00 to $56.00. On average, they expect Blackline's stock price to reach $45.25 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for Blackline.
What is the consensus analysts' recommendation for Blackline?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackline.
What are Wall Street analysts saying about Blackline stock?
Here are some recent quotes from research analysts about Blackline stock:
- 1. According to Zacks Investment Research, "BlackLine, Inc. is a provider of cloud-based solutions for Finance & Accounting which centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. BlackLine, Inc. is headquartered in Los Angeles, California. " (1/1/2019)
- 2. KeyCorp analysts commented, "We lower our PT to $56 from $65 but remain Overweight on a favorable risk/reward and a strong competitive moat in cloud accounting. New SAP deal structure (net vs. gross) could temper growth near term. Additional disclosures on the new SAP Solution Extension (SolEx) in the appendix of the financial analyst slides confirm a shift in revenue-recognition from gross deal value to net deal value for new SAP business. The growth comparisons for new SAP business could be adversely affected by this change, but it should benefit margins with the elimination of perpetual fee payments to SAP that are currently included in S&M. New sales leadership and SAP deal could accelerate growth in 2H19." (11/15/2018)
Has Blackline been receiving favorable news coverage?
Media stories about BL stock have trended very positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Blackline earned a news sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are some of Blackline's key competitors?
Some companies that are related to Blackline include UBISOFT ENTMT S/ADR (UBSFY), Atlassian (TEAM), Dropbox (DBX), Nutanix (NTNX), Okta (OKTA), Micro Focus International (MFGP), The Ultimate Software Group (ULTI), Trend Micro (TMICY), Temenos (TMNSF), Paycom Software (PAYC), Docusign (DOCU), Tyler Technologies (TYL), Black Knight (BKI), Guidewire Software (GWRE) and Konami (KNMCY).
Who are Blackline's key executives?
Blackline's management team includes the folowing people:
- Ms. Therese Tucker, Founder, CEO & Director (Age 58)
- Mr. Mark W. Partin, CFO & Treasurer (Age 51)
- Mr. Marc E. Huffman, Chief Operating Officer (Age 48)
- Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 56)
- Ms. Kimberly Uberti, VP of Global Corp. Communications
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 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.
Who are Blackline's major shareholders?
Blackline's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (2.95%), Barton Investment Management (1.05%), Barton Investment Management (0.99%), Gagnon Securities LLC (0.39%), Gagnon Advisors LLC (0.22%) and Evanson Asset Management LLC (0.01%). Company insiders that own Blackline stock include Chris Murphy, Iconiq Strategic Partners, LP, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta, Therese Tucker and William JG Griffith. View Institutional Ownership Trends for Blackline.
Which major investors are buying Blackline stock?
BL stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Gagnon Securities LLC, Barton Investment Management, Gagnon Advisors LLC, Barton Investment Management, Bank of Montreal Can and Evanson Asset Management LLC. View Insider Buying and Selling for Blackline.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Blackline's stock price today?
One share of BL stock can currently be purchased for approximately $43.98.
How big of a company is Blackline?
Blackline has a market capitalization of $2.40 billion and generates $177.03 million in revenue each year. The technology company earns $-38,060,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Blackline employs 740 workers across the globe.
What is Blackline's official website?
How can I contact Blackline?
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]
MarketBeat Community Rating for Blackline (NASDAQ BL)
MarketBeat's community ratings are surveys of what our community members think about Blackline and other stocks. Vote "Outperform" if you believe BL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BL will underperform the S&P 500 over the long term. You may vote once every thirty days.
