NASDAQ:BL - Blackline Stock Price, Forecast & News

Blackline's stock was trading at $61.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BL shares have decreased by 14.3% and is now trading at $52.82. View which stocks have been mosted 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, May 7th 2020. View our earnings forecast for Blackline.

Blackline Inc (NASDAQ:BL) released its quarterly earnings results on Thursday, February, 13th. The technology company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.19. The technology company earned $80.26 million during the quarter, compared to the consensus estimate of $77.77 million. Blackline had a negative return on equity of 3.26% and a negative net margin of 11.15%. View Blackline's earnings history.

Blackline updated its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $0.45-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $347-352 million, compared to the consensus revenue estimate of $346.57 million.

7 brokerages have issued 12-month price targets for Blackline's shares. Their forecasts range from $41.00 to $78.00. On average, they anticipate Blackline's stock price to reach $61.14 in the next year. This suggests a possible upside of 15.8% from the stock's current price. View analysts' price targets for Blackline.

News articles about BL stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackline earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutBlackline.

Blackline saw a decrease in short interest in the month of February. As of February 14th, there was short interest totaling 5,610,000 shares, a decrease of 8.5% from the January 30th total of 6,130,000 shares. Based on an average daily volume of 396,200 shares, the short-interest ratio is presently 14.2 days. Approximately 11.8% of the company's shares are sold short. View Blackline's Current Options Chain.

Some companies that are related to Blackline include Symantec (SYMC), NortonLifeLock (NLOK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Datadog (DDOG), Coupa Software (COUP), UBISOFT ENTMT S/ADR (UBSFY), Black Knight (BKI), Mongodb (MDB), Dropbox (DBX), Temenos (TMNSF), Trend Micro (TMICY), Ceridian HCM (CDAY), Dynatrace (DT) and PTC (PTC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackline investors own include NVIDIA (NVDA), Walt Disney (DIS), IQIYI (IQ), Alibaba Group (BABA), Square (SQ), Okta (OKTA), JD.Com (JD), AbbVie (ABBV), Micron Technology (MU) and Netflix (NFLX).

(BL) raised $120 million in an initial public offering (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 a variety of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (7.13%), Artisan Partners Limited Partnership (3.46%), Riverbridge Partners LLC (3.40%), Fred Alger Management LLC (3.06%), Conestoga Capital Advisors LLC (2.75%) and FMR LLC (2.16%). Company insiders that own Blackline stock include Chris Murphy, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Peter Hirsch, Sumeru (Gp) LLC Slta, 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 Champlain Investment Partners LLC, First Trust Advisors LP, AXA, Chicago Equity Partners LLC, Migdal Insurance & Financial Holdings Ltd., Man Group plc, Credit Suisse AG, and Strs Ohio. Company insiders that have sold Blackline company stock in the last year include Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Peter Hirsch, and Thomas Unterman. View insider buying and selling activity for Blackline.

BL stock was acquired by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Norges Bank, Conestoga Capital Advisors LLC, FMR LLC, Fred Alger Management LLC, Public Sector Pension Investment Board, Renaissance Technologies LLC, and Goldman Sachs 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 $52.82.

Blackline has a market capitalization of $2.98 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. View additional information about Blackline.

The official website for Blackline is http://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]