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NASDAQ:BL

BlackLine - BL Stock Forecast, Price & News

$72.87
-1.48 (-1.99%)
(As of 08/18/2022 01:13 PM ET)
Add
Compare
Today's Range
$71.82
$74.14
50-Day Range
$61.38
$75.75
52-Week Range
$49.66
$135.00
Volume
20,890 shs
Average Volume
500,116 shs
Market Capitalization
$4.35 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
31.7% Upside
$96.89 Price Target
Short Interest
Healthy
9.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.08
Upright™ Environmental Score
News Sentiment
0.48mentions of BlackLine in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$287,268 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.81) to ($0.82) Per Share

Overall MarketRank

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

1.94 out of 5 stars

Computer And Technology Sector

491st out of 667 stocks

Prepackaged Software Industry

174th out of 233 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com raised shares of BlackLine from a "sell" rating to a "hold" rating in a report on Monday, August 8th. BTIG Research reduced their price target on shares of BlackLine from $115.00 to $95.00 in a report on Friday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of BlackLine from $75.00 to $70.00 in a report on Friday, May 6th. Robert W. Baird reduced their price objective on shares of BlackLine from $105.00 to $95.00 in a report on Friday, May 6th. Finally, Bank of America downgraded shares of BlackLine from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $75.00 to $64.00 in a report on Monday, July 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $96.89.

BlackLine Price Performance

Shares of BlackLine stock traded up $5.24 during mid-day trading on Wednesday, reaching $74.35. 1,625,350 shares of the stock were exchanged, compared to its average volume of 679,359. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -61.45 and a beta of 0.84. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 17.46. The firm has a 50-day simple moving average of $68.20 and a 200 day simple moving average of $70.67. BlackLine has a fifty-two week low of $49.66 and a fifty-two week high of $135.00.

BlackLine (NASDAQ:BL - Get Rating) last announced its 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 business had revenue of $128.48 million during the quarter, compared to analysts' expectations of $126.54 million. BlackLine had a negative net margin of 15.09% and a negative return on equity of 22.04%. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS. On average, sell-side analysts predict that BlackLine will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling at BlackLine

In other BlackLine news, CTO Peter Hirsch sold 2,592 shares of the firm's stock in a transaction dated 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 sale, the chief technology officer now owns 38,391 shares in the company, valued at approximately $2,755,322.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Thomas Unterman sold 500 shares of BlackLine 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 sale, the director now owns 50,130 shares in the company, valued at approximately $3,326,626.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Peter Hirsch sold 2,592 shares of BlackLine stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $71.77, for a total transaction of $186,027.84. Following the sale, the chief technology officer now owns 38,391 shares of the company's stock, valued at approximately $2,755,322.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,092 shares of company stock worth $287,268. 9.71% of the stock is currently owned by corporate insiders.

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BL Stock News Headlines

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
BlackLine (NASDAQ:BL) Stock Rating Upgraded by StockNews.com
See More Headlines
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BL Company Calendar

Last Earnings
8/04/2022
Today
8/18/2022
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
+33.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-100,080,000.00
Pretax Margin
-17.09%

Debt

Sales & Book Value

Annual Sales
$425.71 million
Cash Flow
$0.96 per share
Book Value
$1.33 per share

Miscellaneous

Free Float
53,840,000
Market Cap
$4.35 billion
Optionable
Optionable
Beta
0.84














BL Stock - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View BL analyst ratings
or view top-rated stocks.

What is BlackLine's stock price forecast for 2022?

7 analysts have issued twelve-month price targets for BlackLine's stock. Their BL share price forecasts range from $64.00 to $140.00. On average, they predict the company's stock price to reach $96.89 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
View analysts price targets for BL
or view top-rated stocks among Wall Street analysts.

How have BL shares performed in 2022?

BlackLine's stock was trading at $103.54 at the start of the year. Since then, BL stock has decreased by 28.2% and is now trading at $74.35.
View the best growth stocks for 2022 here
.

When is BlackLine's next earnings date?

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

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its earnings results on Thursday, August, 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The technology company earned $128.48 million during the quarter, compared to analysts' expectations of $126.54 million. BlackLine had a negative trailing twelve-month return on equity of 22.04% and a negative net margin of 15.09%. BlackLine's revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS.

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

BlackLine updated its third quarter 2022 earnings guidance on Thursday, August, 18th. The company provided EPS guidance of $0.08-$0.10 for the period, compared to the consensus EPS estimate of $0.04. The company issued revenue guidance of $133.00 million-$135.00 million, compared to the consensus revenue estimate of $135.38 million.

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

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.

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 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 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.

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 a number of institutional and retail investors. Top institutional shareholders include Clearlake Capital Group L.P. (9.08%), Kayne Anderson Rudnick Investment Management LLC (4.34%), DF Dent & Co. Inc. (4.24%), Riverbridge Partners LLC (3.73%), Artisan Partners Limited Partnership (2.99%) and Brown Advisory Inc. (2.47%). 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.
View institutional ownership trends
.

How do I buy shares of BlackLine?

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.
Compare Top Brokerages Here.

What is BlackLine's stock price today?

One share of BL stock can currently be purchased for approximately $74.35.

How much money does BlackLine make?

BlackLine (NASDAQ:BL) has a market capitalization of $4.43 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?

The company 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 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.

This page (NASDAQ:BL) was last updated on 8/18/2022 by MarketBeat.com Staff

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