Brokerages Set BlackLine (NASDAQ:BL) PT at $56.00

BlackLine (NASDAQ:BL) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $55.8182.

A number of brokerages have recently issued reports on BL. Robert W. Baird set a $50.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Citizens Jmp restated a “market outperform” rating and set a $70.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Piper Sandler cut their price target on shares of BlackLine from $50.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $68.00 price target on shares of BlackLine in a report on Wednesday, February 11th.

BlackLine Stock Performance

Shares of BlackLine stock opened at $32.71 on Tuesday. BlackLine has a one year low of $29.67 and a one year high of $59.57. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 81.78, a PEG ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The business’s 50 day moving average price is $36.53 and its 200 day moving average price is $48.08.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. 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 predict that BlackLine will post 0.9 EPS for the current year.

Institutional Investors Weigh In On BlackLine

A number of hedge funds have recently added to or reduced their stakes in BL. Norges Bank acquired a new stake in BlackLine during the 4th quarter worth approximately $80,787,000. Engaged Capital LLC lifted its holdings in BlackLine by 138.8% during the 4th quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock worth $59,913,000 after buying an additional 629,825 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in BlackLine by 5,776.8% during the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock worth $26,300,000 after buying an additional 467,571 shares in the last quarter. Potrero Capital Research LLC acquired a new stake in BlackLine during the 4th quarter worth approximately $20,488,000. Finally, First Manhattan CO. LLC. lifted its holdings in BlackLine by 16.3% during the 4th quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company’s stock worth $134,278,000 after buying an additional 340,606 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

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.