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

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$51.85 +0.81 (+1.59 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$51.04
Today's Range$51.4250 - $52.71
52-Week Range$34.01 - $58.11
Volume170,241 shs
Average Volume460,022 shs
Market Capitalization$2.85 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.05
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.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone818-223-9008

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$227.79 million
Cash Flow$0.1331 per share
Book Value$5.82 per share

Profitability

Net Income$-27,800,000.00

Miscellaneous

Employees850
Market Cap$2.85 billion
Next Earnings Date8/1/2019 (Estimated)
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) posted its quarterly earnings data on Thursday, May, 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.14. The technology company earned $64.13 million during the quarter, compared to analysts' expectations of $63.33 million. Blackline had a negative return on equity of 5.02% and a negative net margin of 12.15%. The company's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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, August 1st 2019. View Earnings Estimates for Blackline.

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

Blackline issued an update on its FY19 earnings guidance on Thursday, May, 2nd. The company provided earnings per share (EPS) guidance of $0.15-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $276-281 million, compared to the consensus revenue estimate of $277.70 million.Blackline also updated its Q2 guidance to $0.00-0.03 EPS.

What price target have analysts set for BL?

6 brokerages have issued twelve-month target prices for Blackline's shares. Their predictions range from $53.00 to $56.00. On average, they anticipate Blackline's share price to reach $54.6667 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for Blackline.

What is the consensus analysts' recommendation for Blackline?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (4/17/2019)
  • 2. KeyCorp analysts commented, "We are raising our estimates on SAP strength, but see 2019 as a sales transition year that could position BL for accelerating growth in 2020." (2/14/2019)

Has Blackline been receiving favorable news coverage?

Headlines about BL stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Blackline earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.

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 IQIYI (IQ), Micron Technology (MU), NVIDIA (NVDA), Square (SQ), Alibaba Group (BABA), Activision Blizzard (ATVI), JD.Com (JD), Teladoc Health (TDOC), Trade Desk (TTD) and Okta (OKTA).

Who are Blackline's key executives?

Blackline's management team includes the folowing 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.

Who are Blackline's major shareholders?

Blackline's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (6.63%), BlackRock Inc. (5.03%), Champlain Investment Partners LLC (2.97%), Riverbridge Partners LLC (2.59%), Artisan Partners Limited Partnership (2.41%) and FMR LLC (2.05%). 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 major investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Frontier Capital Management Co. LLC, OppenheimerFunds Inc., Morgan Stanley, Segantii Capital Management Ltd, Kennedy Capital Management Inc., Huntington National Bank and First Trust Advisors LP. Company insiders that have sold Blackline company stock in the last year include Chris Murphy, Mario Spanicciati, Mark Partin, Morgan Karole Prager, Sumeru (Gp) LLC Slta and Therese Tucker. View Insider Buying and Selling for Blackline.

Which major investors are buying Blackline stock?

BL stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Champlain Investment Partners LLC, FMR LLC, Copper Rock Capital Partners LLC, Laurion Capital Management LP, Tremblant Capital Group, Geode Capital Management LLC and Toronado Partners 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 $51.85.

How big of a company is Blackline?

Blackline has a market capitalization of $2.85 billion and generates $227.79 million in revenue each year. The technology company earns $-27,800,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Blackline employs 850 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:  2.9 out of 5 (star star)
Outperform Votes:  262 (Vote Outperform)
Underperform Votes:  197 (Vote Underperform)
Total Votes:  459
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 5/25/2019 by MarketBeat.com Staff

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