S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
S&P 500   3,699.12 (+0.88%)
DOW   30,218.26 (+0.83%)
QQQ   305.52 (+0.41%)
AAPL   122.25 (-0.56%)
MSFT   214.36 (+0.06%)
FB   279.70 (-0.76%)
GOOGL   1,823.76 (+0.11%)
AMZN   3,162.58 (-0.76%)
TSLA   599.04 (+0.95%)
NVDA   542.33 (+1.21%)
BABA   267.25 (+0.13%)
CGC   28.59 (-0.14%)
GE   10.88 (+2.64%)
MU   73.34 (+4.92%)
AMD   94.04 (+1.87%)
T   29.54 (+1.06%)
NIO   43.04 (-5.09%)
F   9.34 (+1.41%)
ACB   10.89 (-3.11%)
BA   232.71 (-1.89%)
NFLX   498.31 (+0.16%)
GILD   61.56 (+1.15%)
DIS   154.14 (+0.59%)
Log in
NASDAQ:BL

BlackLine Stock Forecast, Price & News

$123.56
+2.80 (+2.32 %)
(As of 12/4/2020 04:36 PM ET)
Add
Compare
Today's Range
$120.33
Now: $123.56
$123.80
50-Day Range
$91.93
MA: $106.14
$122.90
52-Week Range
$38.32
Now: $123.56
$125.53
Volume284,283 shs
Average Volume552,099 shs
Market Capitalization$7.07 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.94
BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its reconciliation management solutions include Account Reconciliations that provides a centralized workspace from which users can collaborate to complete account reconciliations; Transaction Matching that analyzes and reconciles high volumes of individual transactions; Consolidation Integrity Manager, which manages the automated system-to-system tie-out process that occurs during the consolidation phase of the financial close; and Daily Reconciliations, which narrows the scope of a reconciliation to a single day's transactions or balance detail. The company's financial close management solutions comprise Task Management that enables users to create and manage processes and task lists; Journal Entry, which allows users to generate, review, and post manual journal entries; and Variance Analysis that monitors and automatically identifies anomalous fluctuations in balance sheet and income statement account balances. Its Intercompany Hub solutions consists of Intercompany Workflow, which replaces informal, ad-hoc intercompany requests, and approvals; Intercompany Processing that records an organization's intercompany transactions and posts them from a single source; and Netting and Settlement, which automatically generate a real-time, aggregated settlement matrix that shows the balance of transactions. The company also provides Compliance, is an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and implementation, support, and training services. It 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.
BlackLine logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.38 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone818-223-9008
Employees1,055

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$288.98 million
Cash Flow$0.28 per share
Book Value$7.28 per share

Profitability

Net Income$-30,700,000.00

Miscellaneous

Market Cap$7.07 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$123.56
+2.80 (+2.32 %)
(As of 12/4/2020 04:36 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive BL News and Ratings via Email

Sign-up to receive the latest news and ratings for BL and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











BlackLine (NASDAQ:BL) Frequently Asked Questions

How has BlackLine's stock price been impacted by COVID-19?

BlackLine's stock was trading at $61.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BL stock has increased by 99.9% and is now trading at $123.28.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of BlackLine?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for BlackLine
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than BlackLine?

Wall Street analysts have given BlackLine a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but BlackLine wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is BlackLine's next earnings date?

BlackLine is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for BlackLine
.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) announced its quarterly earnings results on Thursday, October, 29th. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.14. The technology company had revenue of $90.53 million for the quarter, compared to analysts' expectations of $85.06 million. BlackLine had a negative return on equity of 0.29% and a negative net margin of 11.58%. The company's revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 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, October, 29th. The company provided EPS guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.47. The company issued revenue guidance of $347.4-348.4 million, compared to the consensus revenue estimate of $337.38 million.

What price target have analysts set for BL?

7 brokers have issued twelve-month price objectives for BlackLine's shares. Their forecasts range from $71.00 to $132.00. On average, they expect BlackLine's stock price to reach $106.00 in the next twelve months. This suggests that the stock has a possible downside of 14.0%.
View analysts' price targets for BlackLine
.

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), The Walt Disney (DIS), Slack Technologies (WORK), NVIDIA (NVDA), Okta (OKTA), DocuSign (DOCU), Twilio (TWLO), Teladoc Health (TDOC), CrowdStrike (CRWD) and Zoom Video Communications (ZM).

Who are BlackLine's key executives?

BlackLine's management team includes the following people:
  • Ms. Therese Tucker, Founder, CEO & Director (Age 59, Pay $1.05M)
  • Mr. Marc E. Huffman, Pres, COO & Director (Age 49, Pay $750.64k)
  • Mr. Mark W. Partin, CFO & Treasurer (Age 52, Pay $637.67k)
  • Ms. Karole Morgan-Prager, Chief Legal & Admin. Officer and Sec. (Age 57, Pay $872.48k)
  • Mr. Patrick Villanova, Chief Accounting Officer & Controller
  • Mr. Peter Hirsch, Chief Technology Officer (Age 59)
  • Ms. Alexandra Geller, VP of Investor Relations
  • Ms. Kimberly Uberti, VP of Global Corp. Communications
  • Mr. Mark Woodhams, Sr. VP of Global Sales
  • Mr. Andres Botero, Chief Marketing Officer

When did BlackLine IPO?

(BL) raised $120 million in an initial public offering (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 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 Riverbridge Partners LLC (3.36%), Conestoga Capital Advisors LLC (2.41%), JPMorgan Chase & Co. (1.68%), Barton Investment Management (1.07%), Champlain Investment Partners LLC (1.04%) and First Trust Advisors LP (1.03%). 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 Champlain Investment Partners LLC, Toronado Partners LLC, Chicago Capital LLC, Copper Rock Capital Partners LLC, SG Americas Securities LLC, Cubist Systematic Strategies LLC, Victory Capital Management Inc., and Sei Investments Co.. 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, Therese Tucker, and Thomas Unterman.
View insider buying and selling activity for BlackLine
.

Which institutional investors are buying BlackLine stock?

BL stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nikko Asset Management Americas Inc., Polar Capital LLP, Polar Capital LLP, Neuberger Berman Group LLC, Conestoga Capital Advisors LLC, Brinker Capital Investments LLC, and Comerica Bank.
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.

What is BlackLine's stock price today?

One share of BL stock can currently be purchased for approximately $123.28.

How big of a company is BlackLine?

BlackLine has a market capitalization of $7.06 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.

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 12/4/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.