NASDAQ:BLBlackline Stock Price, Forecast & News

$74.30

+2.10 (+2.91 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$71.02

Now: $74.30▼

$74.89

50-Day Range

$53.53

MA: $61.35▼

$72.20

52-Week Range

$38.32

Now: $74.30▼

$74.89

Volume969,415 shs

Average Volume530,337 shs

Market Capitalization$4.19 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.86

BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities. The company's platform consists of nine core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, Compliance, and Insights. Its solutions include balance sheet integrity, close process management, accounting process automation, finance transformation, intercompany hub, and smart close. The company designs its products to complement enterprise resource planning and other financial systems, including NetSuite, Oracle, SAP, and Workday; and financial close management and accounting automation from within a single, unified cloud platform. It has strategic alliances with technology vendors, such as SAP and NetSuite; professional services firms, including Deloitte, Ernst & Young, and KPMG; and business process outsourcers, such as Cognizant, Genpact, and IBM. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises and mid-market companies across various industries. The company was founded in 2001 and is headquartered in Woodland Hills, California.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Blackline has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $62.14, Blackline has a potential downside of 16.4% from its current price of $74.30.
Amount of Analyst Coverage
Blackline has only been the subject of 2 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
Blackline has received 349 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Blackline has received 263 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Blackline has received 57.03% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Blackline does not currently pay a dividend.
Dividend Growth
Blackline does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In 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 $16,111,589.00 in company stock.
Percentage Held by Insiders
Only 13.44% of the stock of Blackline is held by insiders.
Percentage Held by Institutions
91.53% of the stock of Blackline is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Blackline are expected to remain at ($0.28) per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blackline is -114.31, 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. Sector
The P/E ratio of Blackline is -114.31, 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 Ratio
Blackline has a P/B Ratio of 10.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:BL

Previous Symbol

CUSIPN/A

CIK1666134

Webwww.blackline.com

Phone818-223-9008

Debt

Debt-to-Equity Ratio1.01

Current Ratio3.61

Quick Ratio3.61

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$288.98 million

Price / Sales14.49

Cash Flow$0.29 per share

Price / Cash Flow259.77

Book Value$7.03 per share

Price / Book10.57

Profitability

EPS (Most Recent Fiscal Year)($0.25)

Net Income$-30,700,000.00

Net Margins-11.87%

Return on Equity-2.61%

Return on Assets-1.12%

Miscellaneous

Employees1,055

Outstanding Shares56,360,000

Market Cap$4.19 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Blackline (NASDAQ:BL) Frequently Asked Questions

How has Blackline's stock been impacted by COVID-19 (Coronavirus)?

Blackline's stock was trading at $61.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BL stock has increased by 20.5% and is now trading at $74.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Blackline?

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.

When is Blackline's next earnings date?

Blackline is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Blackline.

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) posted its earnings results on Thursday, April, 30th. The technology company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.05. The technology company earned $82.60 million during the quarter, compared to analysts' expectations of $79.54 million. Blackline had a negative net margin of 11.87% and a negative return on equity of 2.61%. The firm's revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. View Blackline's earnings history.

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

Blackline issued an update on its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $0.08-$0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $80-$82 million, compared to the consensus revenue estimate of $82.41 million.

What price target have analysts set for BL?

7 brokerages have issued 1-year price targets for Blackline's shares. Their forecasts range from $41.00 to $78.00. On average, they expect Blackline's share price to reach $62.14 in the next year. This suggests that the stock has a possible downside of 16.4%. View analysts' price targets for Blackline.

Has Blackline been receiving favorable news coverage?

Press coverage about BL stock has trended very negative on Saturday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackline earned a news impact score of -3.7 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutBlackline.

Are investors shorting Blackline?

Blackline saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,460,000 shares, an increase of 5.2% from the April 15th total of 4,240,000 shares. Based on an average daily trading volume, of 604,300 shares, the short-interest ratio is currently 7.4 days. Approximately 9.1% of the company's shares are short sold. View Blackline's Current Options Chain.

Who are some of Blackline's key competitors?

Some companies that are related to Blackline include Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), SS&C Technologies (SSNC), Tyler Technologies (TYL), Tableau Software (DATA), Coupa Software (COUP), Symantec (SYMC), NortonLifeLock (NLOK), Mongodb (MDB), Nice (NICE), Black Knight (BKI), Dynatrace (DT), Ceridian HCM (CDAY), Dropbox (DBX) and Alteryx (AYX). View all 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), Okta (OKTA), NVIDIA (NVDA), Alibaba Group (BABA), JD.Com (JD), Coupa Software (COUP), Walt Disney (DIS), Micron Technology (MU), Zoom Video Communications (ZM) and Chewy (CHWY).

Who are Blackline's key executives?

Blackline's management team includes the following people:

Ms. Therese Tucker, Founder, CEO & Director (Age 58)
Mr. Mark W. Partin, CFO & Treasurer (Age 51)
Mr. Marc E. Huffman, Chief Operating Officer (Age 48)
Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 56)
Mr. Patrick Villanova, Chief Accounting Officer & Controller

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 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.50%), Riverbridge Partners LLC (3.34%), Fred Alger Management LLC (2.98%), Conestoga Capital Advisors LLC (2.75%), Invesco Ltd. (1.78%) and State Street Corp (1.62%). Company insiders that own Blackline stock include Chris Murphy, Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman. View institutional ownership trends for Blackline.

Which major investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Champlain Investment Partners LLC, AXA, Morgan Stanley, Morgan Stanley, Cipher Capital LP, Thrivent Financial for Lutherans, and Mackay Shields LLC. Company insiders that have sold Blackline company stock in the last year include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, and Thomas Unterman. View insider buying and selling activity for Blackline.

Which major investors are buying Blackline stock?

BL stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Loomis Sayles & Co. L P, JPMorgan Chase & Co., Lord Abbett & CO. LLC, Fiera Capital Corp, Castleark Management LLC, Deutsche Bank AG, and Bessemer Group Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Blackline's stock price today?

One share of BL stock can currently be purchased for approximately $74.30.

How big of a company is Blackline?

Blackline has a market capitalization of $4.19 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.

What is Blackline's official website?

The official website for Blackline is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff