Cantor Fitzgerald Predicts Reduced Earnings for BlackLine

BlackLine (NASDAQ:BL) – Equities researchers at Cantor Fitzgerald decreased their FY2025 EPS estimates for BlackLine in a research report issued to clients and investors on Friday, November 7th. Cantor Fitzgerald analyst M. Vanvliet now anticipates that the technology company will post earnings per share of $0.85 for the year, down from their prior estimate of $0.91. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share.

A number of other equities research analysts also recently issued reports on the company. Baird R W downgraded BlackLine from a “strong-buy” rating to a “hold” rating in a research report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $56.00 price target on shares of BlackLine in a report on Wednesday, August 6th. Zacks Research upgraded BlackLine from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. BMO Capital Markets decreased their price objective on shares of BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of BlackLine in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.50.

BlackLine Stock Down 5.7%

BL opened at $53.58 on Monday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 8.88 and a beta of 1.02. BlackLine has a one year low of $40.82 and a one year high of $66.25. The company has a fifty day moving average price of $53.37 and a 200-day moving average price of $53.79. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.52 and a quick ratio of 1.64.

BlackLine (NASDAQ:BL) last posted its earnings results on Thursday, November 6th. The technology company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. BlackLine had a net margin of 11.07% and a return on equity of 14.51%. The business had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.11 million. During the same quarter in the prior year, the firm posted $0.60 EPS. BlackLine’s revenue was up 7.5% on a year-over-year basis. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS. Q4 2025 guidance at 0.580-0.610 EPS.

Insider Activity at BlackLine

In other BlackLine news, CAO Michelle D. Stalick sold 664 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $54.03, for a total transaction of $35,875.92. Following the transaction, the chief accounting officer directly owned 23,830 shares in the company, valued at $1,287,534.90. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Unterman sold 910 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $55.00, for a total transaction of $50,050.00. Following the completion of the sale, the director owned 41,835 shares of the company’s stock, valued at approximately $2,300,925. The trade was a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,394 shares of company stock valued at $186,026. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On BlackLine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackLine during the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new position in BlackLine during the 2nd quarter valued at approximately $33,000. Versant Capital Management Inc raised its position in BlackLine by 110.4% during the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. Bessemer Group Inc. lifted its holdings in BlackLine by 22.9% in the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after buying an additional 184 shares during the period. Finally, CWM LLC grew its position in shares of BlackLine by 117.3% in the 3rd quarter. CWM LLC now owns 1,243 shares of the technology company’s stock worth $66,000 after buying an additional 671 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.