NASDAQ:BL BlackLine Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding BlackLine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $68.01 +1.41 (+2.12%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$65.79▼$68.2650-Day Range$51.79▼$78.3252-Week Range$49.66▼$135.00Volume345,491 shsAverage Volume696,466 shsMarket Capitalization$4.03 billionP/E RatioN/ADividend YieldN/APrice Target$101.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability BlackLine Stock Forecast (MarketRank)Analyst RatingModerate Buy2.67 Rating ScoreUpside/Downside48.5% Upside$101.00 Price TargetShort InterestBearish10.31% of Float Sold ShortDividend StrengthN/ASustainability-0.08Upright™ Environmental ScoreNews Sentiment0.85Based on 4 Articles This WeekInsider TradingSelling Shares$289.47 K Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.86) to ($0.78) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.89 out of 5 starsComputer And Technology Sector512th out of 937 stocksPrepackaged Software Industry169th out of 302 stocks 3.3 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $101.00, BlackLine has a forecasted upside of 48.5% from its current price of $68.01.Amount of Analyst CoverageBlackLine has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.31% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 7.6.Change versus previous monthShort interest in BlackLine has recently decreased by 0.18%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldBlackLine does not currently pay a dividend.Dividend GrowthBlackLine does not have a long track record of dividend growth. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBlackLine has received a 39.15% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Financial reporting services", "Accounting software", and "Accounts payable software" products. See details.Environmental SustainabilityThe Environmental Impact score for BlackLine is -0.08. Previous Next 2.1 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for BlackLine this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for BL on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $289,468.00 in company stock.Percentage Held by InsidersOnly 9.71% of the stock of BlackLine is held by insiders. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to grow in the coming year, from ($0.86) to ($0.78) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is -46.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of BlackLine is -46.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 12.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive BL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter. Email Address About BlackLine (NASDAQ:BL)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.Read More BL Stock News HeadlinesJune 27, 2022 | ca.investing.comIs Blackline (TSX:BLN) Stock Worth Your Attention in 2022? By The Motley Fool - Investing.com CanadaJune 23, 2022 | finance.yahoo.comBlackline Safety Recognized as Best in Class for Lone Worker Monitoring - Yahoo FinanceJune 23, 2022 | businesswire.comBlackline Safety Recognized as Best in Class for Lone Worker Monitoring - Business WireJune 17, 2022 | americanbankingnews.comAnalysts Set BlackLine, Inc. (NASDAQ:BL) Price Target at $101.00June 16, 2022 | fool.ca3 Battered Stocks That Are Due for a Bounce Back - The Motley Fool CanadaJune 16, 2022 | finance.yahoo.comMeridianLink® Announces Executive Leadership Additions and Promotions to Accelerate Growth and Innovation - Yahoo FinanceJune 15, 2022 | americanbankingnews.comBlackLine (NASDAQ:BL) versus iClick Interactive Asia Group (NASDAQ:ICLK) Critical AnalysisJune 14, 2022 | finance.yahoo.comBlackline Safety Reports Fiscal Second Quarter of 2022 Results – Revenue up 43% Year-over-Year to $16.7 Million - Yahoo FinanceJune 8, 2022 | businesswire.comKyriba Named One of the World's Most Innovative Financial Technology Companies of 2022 - Business WireJune 8, 2022 | streetinsider.comKyriba Named One of the World's Most Innovative Financial Technology Companies of 2022 - StreetInsider.comJune 3, 2022 | seekingalpha.comBlackLine: Strong Results Reinforce Bullish Long-Term View - Seeking AlphaJune 1, 2022 | benzinga.comBlackLine Announces Participation in Upcoming Investor Conferences - Benzinga - BenzingaMay 25, 2022 | businesswire.comBlackline Safety and Access Technology Group Partner for Confined Space Monitoring - Business WireSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BL CUSIPN/A CIK1666134 Webwww.blackline.com Phone(818) 223-9008FaxN/AEmployees1,557Year FoundedN/ACompany Calendar Last Earnings5/05/2022Today7/01/2022Next Earnings (Estimated)8/04/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$101.00 High Stock Price Forecast$140.00 Low Stock Price Forecast$70.00 Forecasted Upside/Downside+48.5%Consensus RatingModerate Buy Rating Score (0-4)2.66666666666667 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($1.470010) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-100.08 million Net Margins-19.28% Pretax Margin-20.97% Return on Equity-12.37% Return on Assets-1.84% Debt Debt-to-Equity Ratio20.88 Current Ratio3.45 Quick Ratio3.45 Sales & Book Value Annual Sales$425.71 million Price / Sales9.48 Cash Flow$0.82 per share Price / Cash Flow82.46 Book Value$5.54 per share Price / Book12.28Miscellaneous Outstanding Shares59,312,000Free Float53,553,000Market Cap$4.03 billion OptionableOptionable Beta0.91 BlackLine Frequently Asked Questions Should I buy or sell BlackLine stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BlackLine stock. View analyst ratings for BlackLine or view top-rated stocks. What is BlackLine's stock price forecast for 2022? 6 analysts have issued 12 month price targets for BlackLine's stock. Their BL stock forecasts range from $70.00 to $140.00. On average, they predict BlackLine's stock price to reach $101.00 in the next year. This suggests a possible upside of 48.5% from the stock's current price. View analysts' price targets for BlackLine or view top-rated stocks among Wall Street analysts. How has BlackLine's stock price performed in 2022? BlackLine's stock was trading at $103.54 at the start of the year. Since then, BL shares have decreased by 34.3% and is now trading at $68.01. View the best growth stocks for 2022 here. When is BlackLine's next earnings date? BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for BlackLine. How were BlackLine's earnings last quarter? BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings data on Thursday, May, 5th. The technology company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.11. The technology company had revenue of $120.24 million for the quarter, compared to analyst estimates of $119.57 million. BlackLine had a negative net margin of 19.28% and a negative trailing twelve-month return on equity of 12.37%. The company's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. View BlackLine's earnings history. What guidance has BlackLine issued on next quarter's earnings? BlackLine updated its second quarter 2022 earnings guidance on Monday, May, 30th. The company provided EPS guidance of 0-$0.01 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $126.00 million-$127.00 million, compared to the consensus revenue estimate of $125.22 million. Who are BlackLine's key executives? BlackLine's management team includes the following people: Ms. Therese Tucker, Founder & Exec. Chairwoman (Age 61, Pay $613.12k) (LinkedIn Profile)Mr. Marc E. Huffman, CEO & Director (Age 51, Pay $1.04M) (LinkedIn Profile)Mr. Mark W. Partin, CFO & Treasurer (Age 54, Pay $671.11k) (LinkedIn Profile)Mr. Peter Hirsch, Chief Technology Officer (Age 61, Pay $599.97k) (LinkedIn Profile)Mr. Mark Woodhams, Chief Revenue Officer (Age 59, Pay $851.74k) (LinkedIn Profile)Mr. Patrick Villanova, Chief Accounting Officer & ControllerMs. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 59)Ms. Alexandra Geller, VP of Investor RelationsMs. Kimberly Uberti, VP of Global Corp. CommunicationsMr. Andres Botero, Chief Marketing Officer (Age 51) What is Therese Tucker's approval rating as BlackLine's CEO? 155 employees have rated BlackLine CEO Therese Tucker on Glassdoor.com. Therese Tucker has an approval rating of 90% among BlackLine's employees. Who are some of BlackLine's key competitors? Some companies that are related to BlackLine include Check Point Software Technologies (CHKP), Twilio (TWLO), Okta (OKTA), SS&C Technologies (SSNC), HubSpot (HUBS), Cloudflare (NET), Splunk (SPLK), Take-Two Interactive Software (TTWO), Tyler Technologies (TYL), ZoomInfo Technologies (ZI), NortonLifeLock (NLOK), PTC (PTC), Citrix Systems (CTXS), NICE (NICE) and DocuSign (DOCU). View all of BL's competitors. What other stocks do shareholders of BlackLine own? Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Square (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 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 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. What is BlackLine's stock symbol? BlackLine trades on the NASDAQ under the ticker symbol "BL." 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 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 $68.01. How much money does BlackLine make? BlackLine (NASDAQ:BL) has a market capitalization of $4.03 billion and generates $425.71 million in revenue each year. The technology company earns $-100.08 million in net income (profit) each year or ($1.470010) on an earnings per share basis. How many employees does BlackLine have? BlackLine 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 BlackLine is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at [email protected]. This page (NASDAQ:BL) was last updated on 7/2/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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