BlackLine (NASDAQ:BL) Receives $40.08 Consensus PT from Brokerages

BlackLine (NASDAQ:BL) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.0833.

Several equities research analysts have recently commented on BL shares. Wall Street Zen lowered shares of BlackLine from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Piper Sandler dropped their price objective on shares of BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued a “neutral” rating and set a $36.00 price objective on shares of BlackLine in a report on Wednesday, August 5th. Weiss Ratings raised shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Citigroup reduced their price objective on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th.

Insiders Place Their Bets

In related news, Director Mika Yamamoto sold 3,000 shares of the firm’s 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 sale, the director owned 16,692 shares of the company’s stock, valued at $475,388.16. This trade represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is currently owned by insiders.

Institutional Trading of BlackLine

Several hedge funds have recently modified their holdings of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 worth $1,679,000 after buying an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in BlackLine by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock valued at $7,978,000 after acquiring an additional 7,228 shares during the last quarter. Intech Investment Management LLC lifted its position in BlackLine by 28.1% during the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 5,682 shares during the last quarter. Strs Ohio acquired a new stake in BlackLine in the first quarter valued at approximately $82,000. Finally, Invesco Ltd. boosted its stake in BlackLine by 36.6% in the second quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock valued at $13,321,000 after acquiring an additional 63,068 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

BlackLine Price Performance

BL opened at $31.83 on Monday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 55.84, a PEG ratio of 2.11 and a beta of 0.64. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The business’s fifty day simple moving average is $29.39 and its 200-day simple moving average is $32.21.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The firm had revenue of $187.82 million during the quarter, compared to the consensus estimate of $186.99 million. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, equities research analysts anticipate that BlackLine will post 0.98 earnings per share for the current fiscal 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.