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

BlackLine (NASDAQ:BL) has received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $56.00.

A number of research analysts recently issued reports on the company. DA Davidson decreased their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company 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. BMO Capital Markets reaffirmed a “market perform” rating on shares of BlackLine in a research report on Wednesday. Robert W. Baird set a $50.00 price objective on BlackLine in a research note on Wednesday, February 11th. Finally, Citigroup lowered their price objective on BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BlackLine by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after purchasing an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BlackLine by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock worth $7,978,000 after purchasing an additional 7,228 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of BlackLine by 28.1% during the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 5,682 shares in the last quarter. Strs Ohio purchased a new position in BlackLine in the first quarter valued at $82,000. Finally, Creative Planning increased its holdings in BlackLine by 40.2% in the second quarter. Creative Planning now owns 16,170 shares of the technology company’s stock valued at $916,000 after buying an additional 4,636 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Trading Up 1.5%

Shares of BL stock opened at $39.11 on Friday. BlackLine has a fifty-two week low of $31.75 and a fifty-two week high of $59.57. The company has a 50 day moving average price of $42.50 and a 200 day moving average price of $50.54. The stock has a market capitalization of $2.33 billion, a P/E ratio of 97.78, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts predict that BlackLine will post 0.9 EPS for the current fiscal 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.