BlackLine (NASDAQ:BL) Rating Increased to Buy at Wall Street Zen

BlackLine (NASDAQ:BL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird set a $50.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. Piper Sandler upgraded BlackLine to a “hold” rating in a research report on Monday, February 2nd. Citigroup decreased their price objective on BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. Finally, BMO Capital Markets decreased their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a research report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.00.

BlackLine Stock Down 0.6%

Shares of BL opened at $37.37 on Friday. The business’s 50 day simple moving average is $46.21 and its 200-day simple moving average is $51.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.47. BlackLine has a one year low of $31.75 and a one year high of $59.57. The company has a market capitalization of $2.23 billion, a P/E ratio of 93.43, a PEG ratio of 2.73 and a beta of 0.90.

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

Institutional Trading of BlackLine

Several hedge funds have recently bought and sold shares of BL. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine in the third quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in BlackLine in the 2nd quarter valued at $27,000. Kestra Advisory Services LLC acquired a new position in BlackLine in the 4th quarter worth $28,000. Versant Capital Management Inc raised its stake in shares of 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 during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of BlackLine in the third quarter valued at about $38,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

BlackLine Company Profile

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.