NASDAQ:BL BlackLine (BL) Stock Price, News & Analysis → Must-See: Elon’s New Invention is Absolutely Insane (From InvestorPlace) (Ad) Free BL Stock Alerts $49.64 -0.98 (-1.94%) (As of 05/24/2024 04:00 PM ET) Add Compare Share Share Today's Range$49.52▼$50.6750-Day Range$49.64▼$68.6152-Week Range$47.26▼$69.31Volume1.07 million shsAverage Volume1.14 million shsMarket Capitalization$3.07 billionP/E Ratio215.83Dividend YieldN/APrice Target$64.56 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get BlackLine alerts: Email Address BlackLine MarketRank™ Stock AnalysisAnalyst RatingHold2.08 Rating ScoreUpside/Downside30.0% Upside$64.56 Price TargetShort InterestHealthy6.47% of Float Sold ShortDividend StrengthN/ASustainability-0.70Upright™ Environmental ScoreNews Sentiment0.88Based on 13 Articles This WeekInsider TradingSelling Shares$425,616 Sold Last QuarterProj. Earnings Growth-5.45%From $1.10 to $1.04 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.38 out of 5 starsComputer And Technology Sector102nd out of 602 stocksPrepackaged Software Industry28th out of 203 stocks 4.0 Analyst's Opinion Consensus RatingBlackLine has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 3 buy ratings, 7 hold ratings, and 2 sell ratings.Amount of Analyst CoverageBlackLine has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about BlackLine's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted6.47% of the float of BlackLine has been sold short.Short Interest Ratio / Days to CoverBlackLine has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in BlackLine has recently decreased by 18.41%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldBlackLine does not currently pay a dividend.Dividend GrowthBlackLine does not have a long track record of dividend growth. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBlackLine has received a 29.35% net impact score from Upright. BlackLine seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Procurement data analysis and optimisation software", "Enterprise systems integration software", and "Accounting software" products. See details.Environmental SustainabilityThe Environmental Impact score for BlackLine is -0.70. Previous Next 3.3 News and Social Media Coverage News SentimentBlackLine has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 13 news articles for BlackLine this week, compared to 5 articles on an average week.MarketBeat Follows1 people have added BlackLine to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $425,616.00 in company stock.Percentage Held by InsidersOnly 9.53% of the stock of BlackLine is held by insiders.Percentage Held by Institutions95.13% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about BlackLine's insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for BlackLine are expected to decrease by -5.45% in the coming year, from $1.10 to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of BlackLine is 215.83, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.62.Price to Earnings Ratio vs. SectorThe P/E ratio of BlackLine is 215.83, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 214.41.Price to Earnings Growth RatioBlackLine has a PEG Ratio of 5.72. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBlackLine has a P/B Ratio of 11.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about BlackLine's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… About BlackLine Stock (NASDAQ:BL)BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company's also provides journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers blackline cash application, and credit and risk, collections, disputes and deductions, and team and task management, as well as AR intelligence solutions and electronic invoicing and compliance. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.Read More BL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BL Stock News HeadlinesMay 4, 2024 | insidertrades.comMark Woodhams Sells 2,877 Shares of BlackLine, Inc. (NASDAQ:BL) StockMay 26 at 12:03 PM | finance.yahoo.comShould You Be Excited About BlackLine, Inc.'s (NASDAQ:BL) 26% Return On Equity?May 23, 2024 | benzinga.comTop 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - DXC Technology (NYSE:DXC)May 22, 2024 | finance.yahoo.comBlackline Safety Raising C$20 Million in a Bought-Deal Share Offering; C$10 Million in a Concurrent Private PlacementMay 22, 2024 | markets.businessinsider.comBlackLine Prices Upsized Offering Of $600 Mln Sr. NotesMay 22, 2024 | globenewswire.comBlackLine, Inc. Announces Upsize and Pricing of Offering of $600,000,000 of Convertible Senior NotesMay 21, 2024 | marketwatch.comBlackline Shares Drop 8% After Private Placement of Senior NotesMay 21, 2024 | markets.businessinsider.comBlackLine Plans To Offer $500 Mln Of Senior NotesMay 21, 2024 | globenewswire.comBlackLine, Inc. Announces Proposed Private Offering of $500,000,000 of Convertible Senior NotesMay 16, 2024 | finance.yahoo.comBlackline Safety Signs $1.5 Million Deal to Provide Services to US Utility ProviderMay 13, 2024 | prnewswire.comBlackLine Named a Leader in Two Categories in New Finance and Accounting Platforms ReportMay 9, 2024 | msn.com25 firefighting terms to know when a wildfire beginsMay 9, 2024 | finance.yahoo.comBlackLine First Quarter 2024 Earnings: Beats ExpectationsMay 8, 2024 | finance.yahoo.comQ1 2024 Blackline Inc Earnings CallMay 8, 2024 | finance.yahoo.comBlackLine, Inc. (NASDAQ:BL) Q1 2024 Earnings Call TranscriptMay 8, 2024 | markets.businessinsider.comBlackLine Performance Review: Strong Financials Meet Strategic Challenges – Hold RecommendationMay 8, 2024 | finance.yahoo.comBlackLine Inc (BL) (Q1 2024) Earnings Call Transcript Highlights: Navigating Growth and ...May 7, 2024 | seekingalpha.comBlackLine, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 7, 2024 | finance.yahoo.comBlackLine (NASDAQ:BL) Posts Better-Than-Expected Sales In Q1 But Customer Growth Slows DownMay 7, 2024 | globenewswire.comBlackLine Announces First Quarter Financial ResultsMay 6, 2024 | prnewswire.comSaaS and Enterprise Software Veteran Joins BlackLine as Chief Customer OfficerMay 6, 2024 | finance.yahoo.comBlackLine (BL) Q1 Earnings: What To ExpectMay 3, 2024 | finance.yahoo.comInsider Sale: Chief Revenue Officer Mark Woodhams Sells Shares of BlackLine Inc (BL)April 29, 2024 | seekingalpha.comBlackLine: Stay Away, Profit Expansion Expected To Be Meager This YearApril 26, 2024 | msn.comJunior Andre shares touching photos from Australia visit alongside sister Princess - 'So much love'See More Headlines Receive BL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for BlackLine and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today5/27/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:BL CUSIPN/A CIK1666134 Webwww.blackline.com Phone(818) 223-9008FaxN/AEmployees1,750Year FoundedN/APrice Target and Rating Average Stock Price Target$64.56 High Stock Price Target$81.00 Low Stock Price Target$52.00 Potential Upside/Downside+30.0%Consensus RatingHold Rating Score (0-4)2.08 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$0.23 Trailing P/E Ratio215.83 Forward P/E Ratio45.13 P/E Growth5.72Net Income$58.17 million Net Margins2.30% Pretax Margin13.52% Return on Equity9.07% Return on Assets1.03% Debt Debt-to-Equity Ratio4.08 Current Ratio2.30 Quick Ratio2.30 Sales & Book Value Annual Sales$590 million Price / Sales5.20 Cash Flow$1.43 per share Price / Cash Flow34.82 Book Value$4.26 per share Price / Book11.65Miscellaneous Outstanding Shares61,820,000Free Float55,926,000Market Cap$3.07 billion OptionableOptionable Beta0.87 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Owen M. Ryan (Age 61)Co-CEO & Chairman of the Board Comp: $690.96kMs. Therese Tucker (Age 63)Founder, Co-CEO & Executive Director Comp: $675.93kMr. Mark W. Partin (Age 56)CFO & Treasurer Comp: $566.73kMs. Karole Morgan-Prager (Age 61)Chief Legal & Administrative Officer and Secretary Comp: $505.74kMr. Mark Woodhams (Age 61)Chief Revenue Officer Comp: $597.02kMr. Patrick VillanovaChief Accounting Officer & ControllerMr. Jeremy UngChief Technology OfficerMr. Sumit Johar (Age 47)Chief Information Officer Mr. Matt Humphries C.F.A.Vice President of Investor RelationsMs. Kimberly UbertiVice President of Global Corporate CommunicationsMore ExecutivesKey CompetitorsAlteryxNYSE:AYXnCinoNASDAQ:NCNODuck Creek TechnologiesNASDAQ:DCTQ2NYSE:QTWOSolarWindsNYSE:SWIView All CompetitorsInsiders & InstitutionsCetera Investment AdvisersBought 24,344 shares on 5/24/2024Ownership: 0.039%Beck Bode LLCSold 7,872 shares on 5/22/2024Ownership: 0.027%Atria Investments IncSold 3,825 shares on 5/21/2024Ownership: 0.031%Walleye Trading LLCBought 4,200 shares on 5/17/2024Ownership: 0.000%iA Global Asset Management Inc.Sold 7,316 shares on 5/17/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions BL Stock Analysis - Frequently Asked Questions Should I buy or sell BlackLine stock right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last year. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BL, but not buy additional shares or sell existing shares. View BL analyst ratings or view top-rated stocks. What is BlackLine's stock price target for 2024? 12 brokerages have issued 1-year price objectives for BlackLine's shares. Their BL share price targets range from $52.00 to $81.00. On average, they anticipate the company's share price to reach $64.56 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price. View analysts price targets for BL or view top-rated stocks among Wall Street analysts. How have BL shares performed in 2024? BlackLine's stock was trading at $62.44 at the beginning of the year. Since then, BL stock has decreased by 20.5% and is now trading at $49.64. View the best growth stocks for 2024 here. When is BlackLine's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our BL earnings forecast. How were BlackLine's earnings last quarter? BlackLine, Inc. (NASDAQ:BL) issued its quarterly earnings data on Tuesday, May, 7th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The technology company earned $157.46 million during the quarter, compared to the consensus estimate of $155.05 million. BlackLine had a net margin of 2.30% and a trailing twelve-month return on equity of 9.07%. What ETFs hold BlackLine's stock? ETFs with the largest weight of BlackLine (NASDAQ:BL) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), WisdomTree Cloud Computing Fund (WCLD), Fidelity Enhanced Small Cap ETF (FESM), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Direxion Daily Cloud Computing Bull 2x (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has BlackLine issued on next quarter's earnings? BlackLine updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 0.490-0.510 for the period, compared to the consensus earnings per share estimate of 0.500. The company issued revenue guidance of $157.0 million-$159.0 million, compared to the consensus revenue estimate of $158.5 million. What is Marc Huffman's approval rating as BlackLine's CEO? 62 employees have rated BlackLine Chief Executive Officer Marc Huffman on Glassdoor.com. Marc Huffman has an approval rating of 90% among the company's employees. 85.0% of employees surveyed would recommend working at BlackLine to a friend. What other stocks do shareholders of BlackLine own? Based on aggregate information from My MarketBeat watchlists, some companies that other BlackLine investors own include Block (SQ), Walt Disney (DIS), Slack Technologies (WORK), NVIDIA (NVDA), Okta (OKTA), DocuSign (DOCU), Twilio (TWLO), Teladoc Health (TDOC), CrowdStrike (CRWD) and Zoom Video Communications (ZM). When did BlackLine IPO? BlackLine (BL) raised $120 million in an 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. Who are BlackLine's major shareholders? BlackLine's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.94%), Riverbridge Partners LLC (3.17%), Conestoga Capital Advisors LLC (2.28%), Geneva Capital Management LLC (1.49%), Baillie Gifford & Co. (0.98%) and Barton Investment Management (0.93%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mark Partin, Mark Woodhams, Owen Ryan, Peter Hirsch, Therese Tucker and Thomas Unterman. View institutional ownership trends. How do I buy shares of BlackLine? Shares of BL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BL) was last updated on 5/28/2024 by MarketBeat.com Staff From Our PartnersDigitizing the $11T commodities sector with one tiny stockResource Stock DigestTim Sykes’ Urgent Trade Alert: “Make this move now”Timothy SykesThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarElon’s New Device is About to Shock the WorldInvestorPlaceWARNING about the death of the U.S. dollar…Colonial MetalsHe Is Giving Away BitcoinCrypto Swap ProfitsForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressTrump’s “Tax Free” Retirement Strategy Gold Safe Exchange Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding BlackLine, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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