Brokerages Set BlackLine (NASDAQ:BL) Price Target at $41.83

Shares of BlackLine (NASDAQ:BL) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.8333.

A number of analysts recently issued reports on BL shares. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target (down from $50.00) on shares of BlackLine in a report on Tuesday. DA Davidson set a $30.00 price objective on BlackLine in a report on Thursday, July 9th. Piper Sandler lifted their target price on BlackLine from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial lowered their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Citigroup dropped their price target on BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th.

Insider Activity

In related news, Director Gregory Hughes sold 1,637 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the transaction, the director owned 16,692 shares in the company, valued at approximately $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On BlackLine

Hedge funds have recently modified their holdings of the business. Evanson Financial LLC purchased a new position in BlackLine during the second quarter valued at approximately $206,000. Versant Capital Management Inc lifted its holdings in BlackLine by 263.1% during the second quarter. Versant Capital Management Inc now owns 3,330 shares of the technology company’s stock worth $93,000 after buying an additional 2,413 shares during the period. Parallel Advisors LLC lifted its holdings in BlackLine by 467.0% during the first quarter. Parallel Advisors LLC now owns 2,030 shares of the technology company’s stock worth $75,000 after buying an additional 1,672 shares during the period. Optiver Holding B.V. boosted its position in BlackLine by 13,828.6% during the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after acquiring an additional 968 shares in the last quarter. Finally, Lavelle Capital LP bought a new stake in BlackLine during the 1st quarter valued at $596,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Stock Up 4.7%

Shares of BL opened at $28.74 on Thursday. The firm has a fifty day moving average price of $28.65 and a 200-day moving average price of $35.45. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $1.69 billion, a P/E ratio of 66.84 and a beta of 0.66. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities research analysts expect that BlackLine will post 1.1 earnings per share for the current year.

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.