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. Since then, BL stock has increased by 17.1% and is now trading at $72.20. 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 sell rating, 1 hold rating and 5 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 Inc (NASDAQ:BL) released its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The technology company had revenue of $82.60 million for the quarter, compared to the consensus estimate of $79.54 million. Blackline had a negative return on equity of 2.61% and a negative net margin of 11.87%. Blackline's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. View Blackline's earnings history.

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

7 Wall Street analysts have issued twelve-month target prices for Blackline's stock. Their forecasts range from $41.00 to $78.00. On average, they expect Blackline's stock price to reach $62.14 in the next year. This suggests that the stock has a possible downside of 13.9%. View analysts' price targets for Blackline.

News coverage about BL stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 -3.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutBlackline.

Blackline saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,460,000 shares, an increase of 5.2% from the April 15th total of 4,240,000 shares. Based on an average trading volume of 604,300 shares, the days-to-cover ratio is currently 7.4 days. Currently, 9.1% of the company's shares are sold short. View Blackline's Current Options Chain.

Some companies that are related to Blackline include Check Point Software Technologies (CHKP), SS&C Technologies (SSNC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tableau Software (DATA), Coupa Software (COUP), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), NortonLifeLock (NLOK), Nice (NICE), Black Knight (BKI), Dynatrace (DT), Ceridian HCM (CDAY), Dropbox (DBX) 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 (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.

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

Blackline's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.50%), Riverbridge Partners LLC (3.34%), Fred Alger Management LLC (2.98%), Conestoga Capital Advisors LLC (2.75%), Invesco Ltd. (1.78%) and State Street Corp (1.62%). Company insiders that own Blackline stock include Chris Murphy, 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 Invesco Ltd., Champlain Investment Partners LLC, AXA, Morgan Stanley, Morgan Stanley, Cipher Capital LP, Thrivent Financial for Lutherans, and Mackay Shields 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 purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Loomis Sayles & Co. L P, JPMorgan Chase & Co., Lord Abbett & CO. LLC, Fiera Capital Corp, Castleark Management LLC, Deutsche Bank AG, and Bessemer Group Inc.. 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 $72.20.

Blackline has a market capitalization of $4.07 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]