NASDAQ:BLBlackline Stock Price, Forecast & News

Blackline's stock was trading at $61.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BL stock has increased by 42.3% and is now trading at $87.75. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackline in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blackline.

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

Blackline Inc (NASDAQ:BL) released its quarterly earnings data 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 had revenue of $82.60 million for the quarter, compared to the consensus estimate of $79.54 million. Blackline had a negative net margin of 11.87% and a negative return on equity of 2.61%. The business's revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. View Blackline's earnings history.

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

7 brokerages have issued 12-month price targets for Blackline's shares. Their forecasts range from $55.00 to $95.00. On average, they expect Blackline's share price to reach $73.50 in the next year. This suggests that the stock has a possible downside of 16.2%. View analysts' price targets for Blackline.

Media stories about BL stock have been trending negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackline earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 0.0 out of 10, indicating 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 about Blackline.

Some companies that are related to Blackline include Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Ceridian HCM (CDAY), Symantec (SYMC), Dynatrace (DT), NortonLifeLock (NLOK), Nice (NICE) and Alteryx (AYX). View all competitors.

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).

(BL) raised $120 million in an initial public offering (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.

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

Blackline's stock is owned by a number of retail and institutional investors. Top institutional investors include Paragon Advisors LLC (0.01%) and Diversified Trust Co (0.01%). 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.

BL stock was purchased by a variety of institutional investors in the last quarter, including Paragon Advisors LLC, and Diversified Trust Co. View insider buying and selling activity for 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.

One share of BL stock can currently be purchased for approximately $87.75.

Blackline has a market capitalization of $4.95 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.

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

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]