BlackLine (BL) – What Are Analysts Thinking About This Stock?

Shares of BlackLine (NASDAQ:BL) have been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have given 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 $39.50.

A number of analysts recently issued reports on BL shares. Robert W. Baird set a $35.00 price objective on BlackLine in a research note on Wednesday, August 5th. Wall Street Zen cut BlackLine from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Scotiabank cut shares of BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, DA Davidson downgraded BlackLine from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $30.00 to $23.00 in a report on Monday, September 28th.

Insiders Place Their Bets

In other BlackLine news, CAO Michelle D. Stalick sold 780 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total transaction of $26,247.00. Following the completion of the transaction, the chief accounting officer owned 34,712 shares of the company’s stock, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Therese Tucker sold 70,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the sale, the director directly owned 381,557 shares in the company, valued at $12,194,561.72. The trade was a 15.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BlackLine

A number of institutional investors and hedge funds have recently modified their holdings of BL. ICONIQ Capital LLC bought a new position in shares of BlackLine during the 2nd quarter valued at approximately $58,584,000. Bank of America Corp DE bought a new position in shares of BlackLine during the 2nd quarter valued at approximately $27,532,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BlackLine in the first quarter valued at $17,335,000. Hawk Ridge Capital Management LP lifted its stake in BlackLine by 26.3% in the first quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after purchasing an additional 393,192 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its stake in shares of BlackLine by 16.3% during the fourth quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company’s stock valued at $134,278,000 after purchasing an additional 340,606 shares during the period. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackLine Stock Down 1.6%

Shares of NASDAQ:BL opened at $29.30 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. The business has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $30.08. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The company has a market capitalization of $1.70 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million for the quarter, compared to analyst estimates of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Analysts forecast that BlackLine will post 0.99 earnings per share for the current year.

BlackLine Company Profile

BlackLine, Inc (NASDAQ: BL) provides cloud-based software designed to automate and manage critical financial and accounting processes. Its platform helps organizations replace manual, spreadsheet-driven workflows with centralized tools for financial close management, reconciliation, transaction matching, and accounting operations.

The company’s offerings include solutions for account reconciliation, journal entry management, intercompany accounting, compliance, and financial reporting.