NASDAQ:BL - Blackline Stock Price, News, & Analysis

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$40.54 -1.58 (-3.75 %)
(As of 11/13/2018 01:24 AM ET)
Previous Close$42.12
Today's Range$40.49 - $42.26
52-Week Range$31.53 - $58.11
Volume249,289 shs
Average Volume464,204 shs
Market Capitalization$2.30 billion
P/E Ratio-109.57
Dividend YieldN/A
Beta1.01
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:BL
Previous Symbol
CUSIPN/A
Phone818-223-9008

Debt

Debt-to-Equity RatioN/A
Current Ratio1.36
Quick Ratio1.36

Price-To-Earnings

Trailing P/E Ratio-109.57
Forward P/E Ratio-150.15
P/E GrowthN/A

Sales & Book Value

Annual Sales$177.03 million
Price / Sales12.51
Cash Flow$0.0149 per share
Price / Cash2,719.17
Book Value$5.57 per share
Price / Book7.28

Profitability

EPS (Most Recent Fiscal Year)($0.37)
Net Income$-38,060,000.00
Net Margins-12.02%
Return on Equity-3.62%
Return on Assets-2.46%

Miscellaneous

Employees740
Outstanding Shares54,650,000
Market Cap$2.30 billion
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) issued its earnings results on Thursday, November, 1st. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.15. The technology company earned $58.70 million during the quarter, compared to analysts' expectations of $57.64 million. Blackline had a negative return on equity of 3.62% and a negative net margin of 12.02%. Blackline's quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. View Blackline's Earnings History.

When is Blackline's next earnings date?

Blackline is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Blackline.

What price target have analysts set for BL?

7 brokers have issued 12 month price objectives for Blackline's shares. Their forecasts range from $27.00 to $65.00. On average, they anticipate Blackline's stock price to reach $47.50 in the next twelve months. This suggests a possible upside of 17.2% 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, 3 hold ratings and 3 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. " (10/3/2018)
  • 2. KeyCorp analysts commented, "We estimate billings can reaccelerate in 2Q18. We view BL as a core cloud software company to own as it embarks on modernizing an $18.5B TAM. Key Investment Points Results: Contribution from strategic partners was the standout. ● ASC 606 revenue increased 34% y/y to $51.3M; $1M above consensus. ● ASC 606 billings growth increased 24% y/y vs. 29% y/y last quarter. ● 1Q18 billings growth was impacted by Runbook uplift to 1Q17 deferred revenue. ● We are modeling a reacceleration in billings growth to 28% y/y for 2Q18. ● SAP contribution: rose to 22% of sales vs. 20% last quarter. ● Strategic partners influenced half of $50K+ deals; six of top 10 deals. ● New customer additions: 89 vs. 92 last year; ending users +18% y/y to 202K. ● Positive EPS of $0.01, driven by improving margins; $0.04 above consensus. Model Impact: No major changes." (5/3/2018)

Has Blackline been receiving favorable news coverage?

Press coverage about BL stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Blackline earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.

Who are some of Blackline's key competitors?

Who are Blackline's key executives?

Blackline's management team includes the folowing people:
  • Ms. Therese Tucker, Founder, CEO & Director (Age 57)
  • Mr. Mark W. Partin, CFO & Treasurer (Age 50)
  • Mr. Marc E. Huffman, Chief Operating Officer (Age 47)
  • Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 55)
  • 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 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.

Who are Blackline's major shareholders?

Blackline's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.58%), Wells Fargo & Company MN (2.04%), FMR LLC (2.04%), Conestoga Capital Advisors LLC (1.94%), Riverbridge Partners LLC (1.53%) and Alliancebernstein L.P. (1.45%). 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 institutional investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, FMR LLC, Riverbridge Partners LLC, First Trust Advisors LP and PNC Financial Services Group Inc.. Company insiders that have sold Blackline company stock in the last year 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 Insider Buying and Selling for Blackline.

Which institutional investors are buying Blackline stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Artemis Investment Management LLP, Segantii Capital Management Ltd, Conestoga Capital Advisors LLC, AXA, Alliancebernstein L.P., Wells Fargo & Company MN and EAM Investors 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 $40.54.

How big of a company is Blackline?

Blackline has a market capitalization of $2.30 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?

The official website for Blackline is http://www.blackline.com.

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)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  218 (Vote Outperform)
Underperform Votes:  168 (Vote Underperform)
Total Votes:  386
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.
This page was last updated on 11/13/2018 by MarketBeat.com Staff

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