NASDAQ:BL

BlackLine Stock Forecast, Price & News

$106.10
+1.83 (+1.76 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$102.26
$106.10
50-Day Range
$100.14
$121.14
52-Week Range
$71.20
$154.61
Volume245,147 shs
Average Volume624,759 shs
Market Capitalization$6.16 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.9
30 days | 90 days | 365 days | Advanced Chart
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BlackLine logo

About BlackLine

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close management solutions that include account reconciliations providing a centralized workspace from which users can collaborate to complete account reconciliations; transaction matching that analyzes and reconciles high volumes of individual transactions from different sources of data based upon user-configured logic; task management, which enables users to create and manage processes and task lists; journal entry that allows users to manually or automatically 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 that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing. The company also provides cash application that drives end-to-end process from an invoice to cash in the bank. In addition, it offers intercompany workflow that stores permissions by entity and transaction type, ensuring that 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, aggregated settlement matrix, which shows the balance of transactions across an entire organization. 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 founded in 2001 and is headquartered in Woodland Hills, California.

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MarketRank

Overall MarketRank

1.71 out of 5 stars

Computer And Technology Sector

243rd out of 1,583 stocks

Prepackaged Software Industry

62nd out of 310 stocks

Analyst Opinion: 3.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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BlackLine (NASDAQ:BL) Frequently Asked Questions

Is BlackLine a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BlackLine stock.
View analyst ratings for BlackLine
or view top-rated stocks.

What stocks does MarketBeat like better than BlackLine?

Wall Street analysts have given BlackLine a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but BlackLine wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is BlackLine's next earnings date?

BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for BlackLine
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) announced its quarterly earnings results on Thursday, May, 6th. The technology company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. The technology company earned $98.90 million during the quarter, compared to analysts' expectations of $96.07 million. BlackLine had a negative net margin of 19.79% and a negative trailing twelve-month return on equity of 1.30%. BlackLine's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
View BlackLine's earnings history
.

How has BlackLine's stock price been impacted by 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 shares have increased by 72.1% and is now trading at $106.10.
View which stocks have been most impacted by COVID-19
.

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

BlackLine updated its FY 2021 earnings guidance on Thursday, May, 27th. The company provided EPS guidance of 0.430-0.460 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.400. The company issued revenue guidance of $415 million-$420 million, compared to the consensus revenue estimate of $413.35 million.

What price target have analysts set for BL?

10 brokerages have issued 12 month price targets for BlackLine's shares. Their forecasts range from $80.00 to $163.00. On average, they anticipate BlackLine's stock price to reach $136.80 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
View analysts' price targets for BlackLine
or view top-rated stocks among Wall Street analysts.

Who are BlackLine's key executives?

BlackLine's management team includes the following people:
  • Ms. Therese Tucker, Founder & Exec. Chairwoman (Age 60, Pay $768.81k)
  • Mr. Marc E. Huffman, CEO & Director (Age 50, Pay $731.4k)
  • Mr. Mark W. Partin, CFO & Treasurer (Age 53, Pay $591.87k)
  • Mr. Peter Hirsch, Chief Technology Officer (Age 60, Pay $527.59k)
  • Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 58, Pay $905.92k)
  • Mr. Patrick Villanova, Chief Accounting Officer & Controller
  • Ms. Alexandra Geller, VP of Investor Relations
  • Ms. Kimberly Uberti, VP of Global Corp. Communications
  • Mr. Andres Botero, Chief Marketing Officer
  • Ms. Susan Otto, Chief People Officer

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?

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), The 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 $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."

Who are BlackLine's major shareholders?

BlackLine's stock is owned by many different institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (6.80%), Artisan Partners Limited Partnership (4.47%), DF Dent & Co. Inc. (4.38%), Riverbridge Partners LLC (3.51%), Ameriprise Financial Inc. (3.28%) and Fred Alger Management LLC (2.64%). Company insiders that own BlackLine stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman.
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 D. E. Shaw & Co. Inc., Putnam Investments LLC, Polar Capital Holdings Plc, Bank of New York Mellon Corp, Thrivent Financial for Lutherans, Lord Abbett & CO. LLC, Alliancebernstein L.P., and Fred Alger Management LLC. Company insiders that have sold BlackLine company stock in the last year include Graham Smith, Marc Huffman, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Peter Hirsch, Therese Tucker, and Thomas Unterman.
View insider buying and selling activity for BlackLine
or view top insider-selling stocks.

Which institutional investors are buying BlackLine stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Champlain Investment Partners LLC, Wilkinson Global Asset Management LLC, Millennium Management LLC, Renaissance Technologies LLC, Artisan Partners Limited Partnership, Price T Rowe Associates Inc. MD, and Baillie Gifford & Co..
View insider buying and selling activity for BlackLine
or or view top insider-buying stocks.

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 $106.10.

How much money does BlackLine make?

BlackLine has a market capitalization of $6.16 billion and generates $351.74 million in revenue each year. The technology company earns $-38,050,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

How many employees does BlackLine have?

BlackLine employs 1,325 workers across the globe.

What is BlackLine's official website?

The official website for BlackLine is www.blackline.com.

Where are BlackLine's headquarters?

BlackLine is headquartered at 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367.

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 6/12/2021 by MarketBeat.com Staff
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