BlackLine (NASDAQ:BL) Receives Consensus Recommendation of “Hold” from Brokerages

BlackLine (NASDAQ:BL) has earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $61.2308.

A number of brokerages have recently weighed in on BL. Robert W. Baird reissued a “neutral” rating and set a $55.00 price objective (down from $64.00) on shares of BlackLine in a report on Friday, November 7th. Cantor Fitzgerald reiterated a “neutral” rating on shares of BlackLine in a research note on Tuesday, December 16th. Zacks Research raised BlackLine from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. DA Davidson raised BlackLine to a “hold” rating in a report on Monday, November 10th. Finally, Citigroup reiterated a “market outperform” rating on shares of BlackLine in a report on Tuesday, October 28th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BlackLine by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after purchasing an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BlackLine by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock valued at $7,978,000 after buying an additional 7,228 shares during the period. Intech Investment Management LLC boosted its stake in shares of BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock worth $1,253,000 after buying an additional 5,682 shares during the last quarter. Strs Ohio purchased a new stake in shares of BlackLine in the first quarter worth about $82,000. Finally, State of Alaska Department of Revenue grew its holdings in BlackLine by 7.2% during the second quarter. State of Alaska Department of Revenue now owns 30,812 shares of the technology company’s stock worth $1,743,000 after acquiring an additional 2,075 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Stock Down 2.5%

BlackLine stock opened at $51.82 on Thursday. BlackLine has a 1-year low of $40.82 and a 1-year high of $66.25. The business has a fifty day moving average price of $56.02 and a 200-day moving average price of $54.39. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 10.10 and a beta of 0.86.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The company had revenue of $178.29 million during the quarter, compared to analysts’ expectations of $178.11 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS and its Q4 2025 guidance at 0.580-0.610 EPS. Equities research analysts forecast that BlackLine will post 0.9 EPS for the current fiscal year.

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.