S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$67.27
-0.35 (-0.52%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.70
$68.95
50-Day Range
$61.38
$78.32
52-Week Range
$49.66
$135.00
Volume
668,940 shs
Average Volume
642,659 shs
Market Capitalization
$3.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$96.89

BlackLine MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
44.0% Upside
$96.89 Price Target
Short Interest
Bearish
10.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.16mentions of BlackLine in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$287,268 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.86) to ($0.78) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Computer And Technology Sector

461st out of 832 stocks

Prepackaged Software Industry

154th out of 269 stocks

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.

BlackLine Stock Performance

Shares of NASDAQ:BL traded down $0.35 on Friday, reaching $67.27. 668,940 shares of the company's stock were exchanged, compared to its average volume of 642,659. The company has a fifty day moving average of $69.20 and a 200-day moving average of $71.59. BlackLine has a twelve month low of $49.66 and a twelve month high of $135.00. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -55.59 and a beta of 0.84. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 20.88.

BlackLine (NASDAQ:BL - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. BlackLine had a negative net margin of 15.09% and a negative return on equity of 18.32%. The company had revenue of $128.48 million during the quarter, compared to the consensus estimate of $126.54 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The firm's quarterly revenue was up 25.8% on a year-over-year basis. On average, research analysts predict that BlackLine will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of BlackLine from a "hold" rating to a "sell" rating in a research report on Monday, May 23rd. JMP Securities lowered their price objective on shares of BlackLine from $145.00 to $112.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 20th. Robert W. Baird decreased their price target on shares of BlackLine from $105.00 to $95.00 in a research note on Friday, May 6th. Bank of America lowered shares of BlackLine from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $75.00 to $64.00 in a research note on Monday, July 18th. They noted that the move was a valuation call. Finally, BTIG Research decreased their price target on shares of BlackLine from $115.00 to $95.00 in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $96.89.

Insider Transactions at BlackLine

In other news, CTO Peter Hirsch sold 2,592 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $71.77, for a total transaction of $186,027.84. Following the completion of the sale, the chief technology officer now owns 38,391 shares of the company's stock, valued at approximately $2,755,322.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CTO Peter Hirsch sold 2,592 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $71.77, for a total value of $186,027.84. Following the completion of the transaction, the chief technology officer now owns 38,391 shares of the company's stock, valued at approximately $2,755,322.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Unterman sold 500 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $66.36, for a total transaction of $33,180.00. Following the completion of the transaction, the director now directly owns 50,130 shares of the company's stock, valued at approximately $3,326,626.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,092 shares of company stock valued at $287,268. Company insiders own 9.71% of the company's stock.

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BL Stock News Headlines

Why This Analyst Has Turned Bearish On BlackLine
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BL Company Calendar

Last Earnings
8/04/2022
Today
8/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,557
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$96.89
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+44.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-20.97%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.91 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
53,553,000
Market Cap
$3.99 billion
Optionable
Optionable
Beta
0.84














BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BlackLine stock. 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 analyst ratings for BlackLine
or view top-rated stocks.

What is BlackLine's stock price forecast for 2022?

7 Wall Street research analysts have issued twelve-month price objectives for BlackLine's stock. Their BL stock forecasts range from $64.00 to $140.00. On average, they anticipate BlackLine's share price to reach $96.89 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price.
View analysts' price targets for BlackLine
or view top-rated stocks among Wall Street analysts.

How has BlackLine's stock price performed in 2022?

BlackLine's stock was trading at $103.54 at the beginning of 2022. Since then, BL shares have decreased by 35.0% and is now trading at $67.27.
View the best growth stocks for 2022 here
.

When is BlackLine's next earnings date?

BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for BlackLine
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) released its quarterly earnings results on Thursday, August, 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. The technology company earned $128.48 million during the quarter, compared to analyst estimates of $126.54 million. BlackLine had a negative net margin of 15.09% and a negative trailing twelve-month return on equity of 18.32%. The company's quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS.

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

BlackLine updated its FY22 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.25-0.27 for the period, compared to the consensus EPS estimate of $0.10. The company issued revenue guidance of $524-528 million, compared to the consensus revenue estimate of $526.24 million.

What is Marc Huffman's approval rating as BlackLine's CEO?

62 employees have rated BlackLine CEO Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among BlackLine'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 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.

What is BlackLine's stock symbol?

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

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (3.73%), Brown Advisory Inc. (2.47%), Conestoga Capital Advisors LLC (2.37%), Geneva Capital Management LLC (1.84%), Barton Investment Management (1.04%) and Chicago Capital LLC (0.85%). Company insiders that own BlackLine stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Owen Ryan, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman.
View institutional ownership trends 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 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 $67.27.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $3.99 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?

BlackLine 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 BlackLine 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 8/7/2022 by MarketBeat.com Staff

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