BlackLine (NASDAQ:BL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BlackLine (NASDAQ:BL) have earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.00.

A number of analysts have recently weighed in on BL shares. Piper Sandler raised BlackLine to a “hold” rating in a research report on Monday, February 2nd. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a report on Wednesday, February 11th. DA Davidson lowered their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating on shares of BlackLine in a report on Wednesday. Finally, Cantor Fitzgerald reduced their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th.

BlackLine Trading Down 0.2%

Shares of BL stock opened at $38.52 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $2.29 billion, a P/E ratio of 96.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90. The company has a 50 day moving average price of $42.85 and a 200 day moving average price of $50.69. BlackLine has a fifty-two week low of $31.75 and a fifty-two week high of $59.57.

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. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. During the same period in the prior year, the business earned $0.47 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. 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.

Institutional Trading of BlackLine

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in BlackLine by 22.9% in the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after acquiring an additional 184 shares during the last quarter. Amalgamated Bank increased its position in shares of BlackLine by 1.3% in the 3rd quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock valued at $804,000 after purchasing an additional 191 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of BlackLine by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 6,901 shares of the technology company’s stock valued at $366,000 after purchasing an additional 250 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of BlackLine by 14.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,383 shares of the technology company’s stock valued at $127,000 after purchasing an additional 294 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of BlackLine by 15.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock worth $117,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

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.