NASDAQ:BL - Blackline Stock Price, News & Analysis

$48.62
-3.24 (-6.25 %)
(As of 09/16/2019 06:37 AM ET)
Today's Range
$48.22
Now: $48.62
$51.81
50-Day Range
$44.36
MA: $50.72
$56.01
52-Week Range
$34.01
Now: $48.62
$58.11
Volume800,321 shs
Average Volume486,135 shs
Market Capitalization$2.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.78
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. Read More…

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$0.1246 per share
Book Value$5.88 per share

Profitability

Net Income$-27,800,000.00

Miscellaneous

Employees850
Market Cap$2.69 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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) announced its quarterly earnings results on Thursday, August, 1st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.09) by $0.04. The technology company earned $69.70 million during the quarter, compared to the consensus estimate of $67.74 million. Blackline had a negative return on equity of 4.05% and a negative net margin of 10.20%. The firm's quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. View Blackline's Earnings History.

When is Blackline's next earnings date?

Blackline is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Blackline.

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

Blackline updated its FY19 earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $0.22-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $281-284 million, compared to the consensus revenue estimate of $277.62 million.

What price target have analysts set for BL?

6 analysts have issued 1 year price targets for Blackline's shares. Their forecasts range from $41.00 to $62.00. On average, they anticipate Blackline's share price to reach $52.6667 in the next twelve months. This suggests a possible upside of 8.3% 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 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (7/26/2019)
  • 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?

Media headlines about BL stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Blackline earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Blackline.

Are investors shorting Blackline?

Blackline saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,266,600 shares, an increase of 26.6% from the July 31st total of 4,161,500 shares. Based on an average daily volume of 621,600 shares, the short-interest ratio is presently 8.5 days. Approximately 11.2% of the shares of the company are sold short. View Blackline's Current Options Chain.

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), Square (SQ), NVIDIA (NVDA), JD.Com (JD), Micron Technology (MU), Okta (OKTA), Alibaba Group (BABA), Twilio (TWLO), Trade Desk (TTD) and Walt Disney (DIS).

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 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.

Who are Blackline's major shareholders?

Blackline's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.06%), Kayne Anderson Rudnick Investment Management LLC (7.06%), BlackRock Inc. (5.64%), DF Dent & Co. Inc. (5.55%), ICONIQ Capital LLC (4.26%) and Riverbridge Partners LLC (3.46%). 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 institutional investors are selling Blackline stock?

BL stock was sold by a variety of institutional investors in the last quarter, including ICONIQ Capital LLC, Laurion Capital Management LP, Tremblant Capital Group, Brown Advisory Inc., JPMorgan Chase & Co., Wells Fargo & Company MN, Pentwater Capital Management LP and Parametric Portfolio Associates LLC. Company insiders that have sold Blackline company stock in the last year include Mario Spanicciati, Mark Partin, Morgan Karole Prager and Therese Tucker. View Insider Buying and Selling for Blackline.

Which institutional investors are buying Blackline stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, BlackRock Inc., First Trust Advisors LP, D. E. Shaw & Co. Inc., Nuveen Asset Management LLC and Invesco Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

What is Blackline's stock price today?

One share of BL stock can currently be purchased for approximately $48.62.

How big of a company is Blackline?

Blackline has a market capitalization of $2.69 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.View Additional Information About Blackline.

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:  2.8 out of 5 (star star)
Outperform Votes:  292 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  520
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 9/16/2019 by MarketBeat.com Staff

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