BlackLine (NASDAQ:BL) Hits New 12-Month Low After Analyst Downgrade

BlackLine (NASDAQ:BL) hit a new 52-week low during trading on Thursday after Citigroup lowered their price target on the stock from $70.00 to $60.00. Citigroup currently has a buy rating on the stock. BlackLine traded as low as $40.65 and last traded at $41.09, with a volume of 130156 shares trading hands. The stock had previously closed at $41.90.

Other analysts also recently issued reports about the company. Robert W. Baird set a $50.00 price target on BlackLine in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. BMO Capital Markets cut their price objective on shares of BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $62.00 target price on shares of BlackLine in a research report on Wednesday. Finally, DA Davidson dropped their price target on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.85.

Key BlackLine News

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q4 results modestly beat expectations — EPS $0.63 vs. $0.58 and revenue $183.2M roughly in line with estimates; management is targeting ~9–9.6% revenue growth for FY2026, indicating accelerating platform adoption. BlackLine Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Several analysts reaffirmed buy/outperform ratings and price targets (e.g., BofA $65, Rosenblatt $62, Citizens Jmp $70), signaling continued conviction in multi-year growth/AI transition potential. BlackLine: Solid Q4 Beat…
• Neutral Sentiment: Investor materials and deep-dive coverage (earnings slides, call transcripts, and platform/AI narrative) provide more detail but contain mixed signals on near-term acceleration vs. margin progress. Q4 Results Presentation Earnings Call Transcript
• Neutral Sentiment: Short-interest reports in the feed show zeros/NaN increases — likely a data or reporting anomaly and not meaningful evidence of a rising short position.
• Negative Sentiment: Several firms cut price targets or trimmed forecasts after the print (Citigroup cut PT from $70→$60; Cantor Fitzgerald lowered PT to $50), and some analysts publicly reduced estimates — adding downward pressure despite the beat. These Analysts Slash Their Forecasts On BlackLine
• Negative Sentiment: Technical and valuation headwinds — BL is trading below its 50- and 200-day moving averages, has a high P/E (~96) and elevated PEG (~8.4), making the name sensitive to any growth disappointment; elevated intraday volume indicates distribution. BlackLine stock trades down, here is why
• Negative Sentiment: Market commentary characterized the earnings call as “strength amid mixed signals,” implying caution: positives on platform adoption but questions about near-term cadence and margins. Earnings Call Shows Strength Amid Mixed Signals

Institutional Trading of BlackLine

Several institutional investors have recently modified their holdings of BL. Measured Wealth Private Client Group LLC acquired a new position in BlackLine during the 3rd quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new stake in BlackLine during the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in BlackLine during the 2nd quarter worth approximately $33,000. Versant Capital Management Inc lifted its position 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 worth $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 3rd quarter valued at $38,000. Institutional investors own 95.13% of the company’s stock.

BlackLine Stock Performance

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 stock’s 50 day moving average price is $53.18 and its 200 day moving average price is $53.49. The company has a market capitalization of $2.29 billion, a P/E ratio of 96.33, a price-to-earnings-growth ratio of 7.91 and a beta of 0.86.

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