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NASDAQ:BLBlackline Stock Price, Forecast & News

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Today's Range N/A
50-Day Range
$79.26
MA: $85.83
$92.80
52-Week Range N/A
Volume1.56 million shs
Average Volume440,104 shs
Market Capitalization$4.25 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.93
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$288.98 million
Book Value$7.16 per share

Profitability

Net Income$-30,700,000.00

Miscellaneous

Employees1,055
Market Cap$4.25 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
30 days | 90 days | 365 days | Advanced Chart

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Blackline (NASDAQ:BL) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Blackline?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 3 hold ratings 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 Wednesday, November 4th 2020.
View our earnings forecast for Blackline
.

How were Blackline's earnings last quarter?

Blackline Inc (NASDAQ:BL) announced its quarterly earnings data on Thursday, August, 6th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The technology company earned $83.27 million during the quarter, compared to the consensus estimate of $81.06 million. Blackline had a negative return on equity of 1.52% and a negative net margin of 12.34%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS.
View Blackline's earnings history
.

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

Blackline issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.45-0.49 for the period, compared to the Thomson Reuters consensus estimate of $0.42. The company issued revenue guidance of $335.5-338.5 million, compared to the consensus revenue estimate of $340.03 million.

What price target have analysts set for BL?

8 brokerages have issued 1 year price objectives for Blackline's shares. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's share price to reach $81.78 in the next year.
View analysts' price targets for Blackline
.

Has Blackline been receiving favorable news coverage?

Press coverage about BL stock has trended very negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing 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 media sentiment score of -3.5 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
View the latest news about Blackline
.

Are investors shorting Blackline?

Blackline saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 4,370,000 shares, a decrease of 22.1% from the January 31st total of 5,610,000 shares. Based on an average daily volume of 427,700 shares, the days-to-cover ratio is presently 10.2 days. Approximately 9.2% of the company's stock are sold short.
View Blackline's Short Interest
.

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), NVIDIA (NVDA), Twilio (TWLO), Okta (OKTA), JD.Com (JD), Slack (WORK), Micron Technology (MU), Alibaba Group (BABA), Walt Disney (DIS) and Docusign (DOCU).

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 initial public offering 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 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 many different retail and institutional investors. Top institutional shareholders include Copper Rock Capital Partners LLC (17.43%), Riverbridge Partners LLC (3.35%), Conestoga Capital Advisors LLC (2.35%), Chicago Capital LLC (1.09%), First Trust Advisors LP (1.02%) and New York State Common Retirement Fund (0.88%). Company insiders that own Blackline stock include 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 institutional investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Comerica Bank, PNC Financial Services Group Inc., UBS Group AG, Mutual of America Capital Management LLC, Gradient Investments LLC, US Bancorp DE, and Foundry Partners 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 institutional investors are buying Blackline stock?

BL stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Frontier Capital Management Co. LLC, First Trust Advisors LP, Jennison Associates LLC, SG Americas Securities LLC, Moody Aldrich Partners LLC, Swiss National Bank, and New York State Common Retirement Fund.
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.

How big of a company is Blackline?

Blackline has a market capitalization of $0.00 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 8/12/2020 by MarketBeat.com Staff

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