BlackLine - BL Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BL shares. 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.
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10 brokerages have issued 12 month price objectives for BlackLine's stock. Their BL share price forecasts range from $50.00 to $95.00. On average, they expect the company's share price to reach $71.25 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
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BlackLine's stock was trading at $103.54 at the beginning of 2022. Since then, BL stock has decreased by 34.6% and is now trading at $67.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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BlackLine, Inc. (NASDAQ:BL) announced its quarterly earnings data on Thursday, November, 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.12. The technology company had revenue of $134.27 million for the quarter, compared to analysts' expectations of $133.73 million. BlackLine had a negative net margin of 15.59% and a negative trailing twelve-month return on equity of 35.49%.

BlackLine updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $0.15-$0.19 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $138.00 million-$141.00 million, compared to the consensus revenue estimate of $142.59 million.

62 employees have rated BlackLine Chief Executive Officer Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among the company's employees. 85.0% of employees surveyed would recommend working at BlackLine to a friend.

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).

(BL) raised $120 million in an IPO 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 many different institutional and retail investors. Top institutional investors include Clearlake Capital Group L.P. (9.56%), Vanguard Group Inc. (8.74%), Kayne Anderson Rudnick Investment Management LLC (4.11%), Riverbridge Partners LLC (3.60%), Artisan Partners Limited Partnership (2.96%) and Brown Advisory Inc. (2.56%). Insiders that own company 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.
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Shares of BL stock 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.
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One share of BL stock can currently be purchased for approximately $67.69.

BlackLine (NASDAQ:BL) has a market capitalization of $4.05 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 ($1.32) on an earnings per share basis.

The company employs 1,557 workers across the globe.

BlackLine's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The official website for the company is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at investors@blackline.com.