BlackLine (NASDAQ:BL) Given Average Recommendation of “Hold” by Brokerages

BlackLine (NASDAQ:BL) has received an average rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $56.00.

A number of equities analysts have issued reports on the company. Robert W. Baird set a $50.00 price target on BlackLine in a research report on Wednesday, February 11th. BMO Capital Markets decreased their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of BlackLine in a report on Monday, December 29th. Citigroup reduced their price objective on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, DA Davidson decreased their price objective on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th.

Institutional Investors Weigh In On BlackLine

Institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine during the third quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackLine during the second quarter worth approximately $27,000. Kestra Advisory Services LLC purchased a new stake in shares of BlackLine during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in BlackLine in the 2nd quarter valued at $33,000. Finally, Versant Capital Management Inc lifted its holdings in BlackLine by 110.4% in 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 in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

BlackLine Stock Down 2.3%

BL stock opened at $36.15 on Monday. BlackLine has a one year low of $35.99 and a one year high of $59.57. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.52 and a current ratio of 1.47. The firm’s fifty day moving average is $50.68 and its 200 day moving average is $52.77. The firm has a market cap of $2.15 billion, a PE ratio of 90.38, a P/E/G ratio of 2.62 and a beta of 0.86.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, research analysts forecast that BlackLine will post 0.9 EPS for the current 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.