NASDAQ:BLBlackline Stock Price, Forecast & News

Blackline's stock was trading at $61.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BL shares have 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) issued its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.10 earnings per share for the quarter, beating 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 analysts' expectations of $79.54 million. Blackline had a negative return on equity of 2.61% and a negative net margin of 11.87%. The business's revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. View Blackline's earnings history.

Blackline updated its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $0.08-$0.13 for the period, compared to the Thomson Reuters consensus 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 target prices for Blackline's shares. Their forecasts range from $55.00 to $95.00. On average, they anticipate Blackline's share price to reach $73.50 in the next twelve months. This suggests that the stock has a possible downside of 16.2%. View analysts' price targets for Blackline.

Press coverage about BL stock has been trending negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackline earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several 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), SS&C Technologies (SSNC), Tableau Software (DATA), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Ceridian HCM (CDAY), NortonLifeLock (NLOK), Nice (NICE), Cloudflare (NET) and Dynatrace (DT). 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 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 variety of institutional and retail investors. Top institutional shareholders 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]