Should I buy or sell BlackLine stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?

11 Wall Street research analysts have issued twelve-month target prices for BlackLine's stock. Their BL share price targets range from $52.00 to $81.00. On average, they expect the company's stock price to reach $61.80 in the next twelve months. This suggests a possible upside of 8.3% 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 start of the year. Since then, BL stock has decreased by 8.6% and is now trading at $57.06. View the best growth stocks for 2024 here .

Are investors shorting BlackLine?

BlackLine saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,220,000 shares, an increase of 9.9% from the March 15th total of 3,840,000 shares. Based on an average daily trading volume, of 953,600 shares, the short-interest ratio is presently 4.4 days. Currently, 10.0% of the company's shares are sold short. View BlackLine's Short Interest .

When is BlackLine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our BL earnings forecast .

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its quarterly earnings data on Tuesday, February, 13th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. The technology company had revenue of $155.73 million for the quarter, compared to analysts' expectations of $154.24 million. BlackLine had a positive trailing twelve-month return on equity of 2.15% and a negative net margin of 1.50%.

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) , First Trust Cloud Computing ETF (SKYY) , Direxion Daily Cloud Computing Bull 2x (CLDL) and ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) . 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 FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 2.010-2.140 for the period, compared to the consensus estimate of 2.020. The company issued revenue guidance of $637.5 million-$649.5 million, compared to the consensus revenue estimate of $656.1 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 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.

Who are BlackLine's major shareholders?

BlackLine's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%), State of Alaska Department of Revenue (0.05%), NBC Securities Inc. (0.02%), Park Avenue Securities LLC (0.01%) and Overbrook Management Corp (0.01%). Insiders that own company stock include Graham Smith , Kevin B Thompson, Marc Huffman , Mark Partin , Mark Woodhams , Mika Yamamoto , 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 .

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NASDAQ:BL

BlackLine (BL) Stock Price, News & Analysis

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$57.37

-0.48 (-0.83%)

(As of 04:37 PM ET)

Compare

Today's Range: $56.49
▼
$58.49
50-Day Range: $56.27
▼
$68.65
52-Week Range: $47.26
▼
$69.31

Volume: 672,499 shs
Average Volume: 922,445 shs
Market Capitalization: $3.55 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $61.80

Get BlackLine alerts:

BlackLine MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 8.3% Upside
$61.80 Price Target
Short Interest: Bearish
10.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.70
Upright™ Environmental Score
News Sentiment: 0.85
Based on 6 Articles This Week
Insider Trading: Selling Shares
$303,750 Sold Last Quarter
Proj. Earnings Growth: 3.92%
From $1.02 to $1.06 Per Share

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.

2.51 out of 5 stars

Computer And Technology Sector

355th out of 582 stocks

Prepackaged Software Industry

133rd out of 197 stocks

2.0

Analyst's Opinion

Consensus Rating
BlackLine has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 5 hold ratings, and 3 sell ratings.
Amount of Analyst Coverage
BlackLine has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
10.04% of the float of BlackLine has been sold short.
Short Interest Ratio / Days to Cover
BlackLine has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in BlackLine has recently increased by 9.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
BlackLine does not currently pay a dividend.
Dividend Growth
BlackLine does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
BlackLine 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 Sustainability
The Environmental Impact score for BlackLine is -0.70.

2.7

News and Social Media Coverage

News Sentiment
BlackLine has a news sentiment score of 0.85. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for BlackLine this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for BL on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $303,750.00 in company stock.
Percentage Held by Insiders
Only 9.93% of the stock of BlackLine is held by insiders.
Percentage Held by Institutions
95.13% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BlackLine are expected to grow by 3.92% in the coming year, from $1.02 to $1.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlackLine is -570.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlackLine is -570.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
BlackLine has a PEG Ratio of 10.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BlackLine has a P/B Ratio of 13.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

BL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BL Stock News Headlines

April 19, 2024 | americanbankingnews.com

BlackLine, Inc. (NASDAQ:BL) Receives Consensus Rating of "Hold" from Analysts

April 17, 2024 | finance.yahoo.com

BlackLine, Inc. (BL) Interactive Stock Chart - Yahoo Finance

April 19, 2024 | Behind the Markets (Ad)

The #1 Opportunity of the decade?

It's no wonder the Department of Defense is heavily invested in this technology. And why The Pentagon is pouring $20 billion into it.

April 17, 2024 | americanbankingnews.com

BlackLine, Inc. (NASDAQ:BL) Short Interest Up 9.9% in March

April 16, 2024 | finance.yahoo.com

Cloud Software Engineering Veteran Jeremy Ung Joins BlackLine as Chief Technology Officer

April 12, 2024 | finance.yahoo.com

Even after rising 3.4% this past week, BlackLine (NASDAQ:BL) shareholders are still down 45% over the past three years

April 11, 2024 | finance.yahoo.com

U.S. expansion helps fuel Horváth gains in profits, global market share

April 11, 2024 | axios.com

Exclusive: FloQast raises $100M at a $1.6B valuation

April 19, 2024 | Behind the Markets (Ad)

The #1 Opportunity of the decade?

It's no wonder the Department of Defense is heavily invested in this technology. And why The Pentagon is pouring $20 billion into it.

April 11, 2024 | prnewswire.com

BlackLine Announces AI-Powered Innovation for Analyzing Journal Entries

April 4, 2024 | ft.com

FT ranking: The Americas’ Fastest-Growing Companies 2024

April 4, 2024 | finance.yahoo.com

Wireless IIoT in Oil and Gas Industry Report, with Detailed Profiles of 79 Key Players in the Market

April 4, 2024 | theglobeandmail.com

Unpacking Q4 Earnings: Workiva (NYSE:WK) In The Context Of Other Finance and HR Software Stocks

March 31, 2024 | investorplace.com

3 Stocks That Are Completely Underestimated by Wall Street

March 28, 2024 | forbes.com

Why The Chief Accounting Officer Role Is Getting More Strategic

March 28, 2024 | techrepublic.com

6 Best Bank Reconciliation Software in 2024

March 28, 2024 | seekingalpha.com

BLKLF Blackline Safety Corp.

March 18, 2024 | markets.businessinsider.com

10 Analysts Assess BlackLine: What You Need To Know

March 18, 2024 | prnewswire.com

Camille Drummond Joins BlackLine Board of Directors

March 15, 2024 | tmcnet.com

Blackline Safety Reports Fiscal First Quarter 2024 Results - Revenue Up 25% Year-Over-Year

March 14, 2024 | finance.yahoo.com

Industry-leading Customers bp, Marshalls PLC, and Trivium Packaging, Plus Deloitte, EY, and SAP Speaking at BeyondTheBlack™ Europe 2024

March 13, 2024 | finance.yahoo.com

Blackline Safety Corp.'s (TSE:BLN) CEO Compensation Looks Acceptable To Us And Here's Why

March 12, 2024 | edition.cnn.com

BlackLine, Inc.

March 4, 2024 | finance.yahoo.com

Why Are BlackLine (BL) Shares Soaring Today

March 1, 2024 | ca.finance.yahoo.com

Atkins, Blackline at 52-Week Highs on News

February 28, 2024 | prnewswire.com

BlackLine Adds 1,000th Modern Accounting Playbook (MAP) Customer

February 27, 2024 | ca.finance.yahoo.com

BlackLine, Inc. (BL) Stock Price, News, Quote & History - Yahoo Finance

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:BL
CUSIP: N/A
CIK: 1666134
Web: www.blackline.com
Phone: (818) 223-9008
Fax: N/A
Employees: 1,750
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $61.80
High Stock Price Target: $81.00
Low Stock Price Target: $52.00
Potential Upside/Downside: +6.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 56.72
P/E Growth: 10.6
Net Income: $58.17 million
Net Margins: -1.50%
Pretax Margin: 10.26%
Return on Equity: 2.15%
Return on Assets: 0.21%

Debt

Debt-to-Equity Ratio: 4.37
Current Ratio: 2.19
Quick Ratio: 2.19

Sales & Book Value

Annual Sales: $590 million
Price / Sales: 6.06
Cash Flow: $1.38 per share
Price / Cash Flow: 41.86
Book Value: $4.26 per share
Price / Book: 13.58

Miscellaneous

Outstanding Shares: 61,800,000
Free Float: 55,666,000
Market Cap: $3.58 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Mark W. Partin (Age 56)
CFO & Treasurer
Comp: $652.55k
Ms. Karole Morgan-Prager (Age 61)
Chief Legal & Administrative Officer and Secretary
Comp: $577.46k
Mr. Marc E. Huffman (Age 53)
Advisor
Comp: $916.07k
Mr. Mark Woodhams (Age 61)
Chief Revenue Officer
Comp: $731.88k
Mr. Patrick Villanova
Chief Accounting Officer & Controller
Mr. Matt Humphries C.F.A.
Vice President of Investor Relations
Ms. Kimberly Uberti
Vice President of Global Corporate Communications
Mr. Dominick DiPaolo
Senior Vice President of Americas Enterprise Sales
Ms. Tammy Coley
Chief Transformation Officer
Ms. Jill Knesek
Chief Information Security Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BL Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackLine stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackLine in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?: 11 Wall Street research analysts have issued twelve-month target prices for BlackLine's stock. Their BL share price targets range from $52.00 to $81.00. On average, they expect the company's stock price to reach $61.80 in the next twelve months. This suggests a possible upside of 8.3% 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 start of the year. Since then, BL stock has decreased by 8.6% and is now trading at $57.06.
View the best growth stocks for 2024 here.
Are investors shorting BlackLine?: BlackLine saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,220,000 shares, an increase of 9.9% from the March 15th total of 3,840,000 shares. Based on an average daily trading volume, of 953,600 shares, the short-interest ratio is presently 4.4 days. Currently, 10.0% of the company's shares are sold short.
View BlackLine's Short Interest.
When is BlackLine's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our BL earnings forecast.
How were BlackLine's earnings last quarter?: BlackLine, Inc. (NASDAQ:BL) posted its quarterly earnings data on Tuesday, February, 13th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. The technology company had revenue of $155.73 million for the quarter, compared to analysts' expectations of $154.24 million. BlackLine had a positive trailing twelve-month return on equity of 2.15% and a negative net margin of 1.50%.
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), First Trust Cloud Computing ETF (SKYY), Direxion Daily Cloud Computing Bull 2x (CLDL) and ProShares Ultra Nasdaq Cloud Computing ETF (SKYU).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 FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 2.010-2.140 for the period, compared to the consensus estimate of 2.020. The company issued revenue guidance of $637.5 million-$649.5 million, compared to the consensus revenue estimate of $656.1 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 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.
Who are BlackLine's major shareholders?: BlackLine's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%), State of Alaska Department of Revenue (0.05%), NBC Securities Inc. (0.02%), Park Avenue Securities LLC (0.01%) and Overbrook Management Corp (0.01%). Insiders that own company stock include Graham Smith, Kevin B Thompson, Marc Huffman, Mark Partin, Mark Woodhams, Mika Yamamoto, 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 4/19/2024 by MarketBeat.com Staff

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