BlackLine - BL Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares.
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8 analysts have issued twelve-month price targets for BlackLine's stock. Their BL share price forecasts range from $50.00 to $95.00. On average, they expect the company's share price to reach $68.82 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
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BlackLine's stock was trading at $67.27 at the start of the year. Since then, BL shares have increased by 11.5% and is now trading at $74.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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BlackLine will be holding an earnings conference call on Tuesday, February 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

BlackLine, Inc. (NASDAQ:BL) released its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.13. The technology company had revenue of $109.40 million for the quarter, compared to analyst estimates of $107.06 million. BlackLine had a negative net margin of 15.59% and a negative trailing twelve-month return on equity of 35.49%. BlackLine's revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.

BlackLine issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $0.15-$0.19 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $138.00 million-$141.00 million, compared to the consensus revenue estimate of $142.59 million.

62 employees have rated BlackLine Chief Executive Officer Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among the company's employees. 85.0% of employees surveyed would recommend working at BlackLine to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Block (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).

(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.

BlackLine trades on the NASDAQ under the ticker symbol "BL."

BlackLine's stock is owned by a number of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (3.49%), Conestoga Capital Advisors LLC (2.34%), Baillie Gifford & Co. (1.77%), Geneva Capital Management LLC (1.75%), Barton Investment Management (1.02%) and Chicago Capital LLC (0.85%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mario Spanicciati, Mark Partin, Mark Woodhams, Mika Yamamoto, Morgan Karole Prager, Owen Ryan, Patrick Villanova, Peter Hirsch, Therese Tucker and Thomas Unterman.
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Shares of BL stock 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.
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One share of BL stock can currently be purchased for approximately $74.99.

BlackLine (NASDAQ:BL) has a market capitalization of $4.48 billion and generates $425.71 million in revenue each year. The technology company earns $-100,080,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

The company employs 1,557 workers across the globe.

BlackLine's mailing address is 21300 Victory Boulevard 12th Floor, Woodland Hills CA, 91367. The official website for the company is www.blackline.com. The technology company can be reached via phone at (818) 223-9008 or via email at investors@blackline.com.