BlackLine (NASDAQ:BL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BlackLine (NASDAQ:BL) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $45.2727.

BL has been the topic of several research reports. Rosenblatt Securities decreased their price target on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen upgraded shares of BlackLine from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Piper Sandler boosted their target price on shares of BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley lowered their price target on shares of BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Truist Financial dropped their price target on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday.

Hedge Funds Weigh In On BlackLine

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in shares of BlackLine by 22.9% during the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after purchasing an additional 184 shares in the last quarter. Amalgamated Bank increased its stake in shares of BlackLine by 1.3% in the third quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock valued at $804,000 after buying an additional 191 shares during the period. Blue Trust Inc. increased its stake in shares of BlackLine by 3.7% in the fourth quarter. Blue Trust Inc. now owns 7,157 shares of the technology company’s stock valued at $396,000 after buying an additional 256 shares during the period. Asset Management One Co. Ltd. raised its holdings in 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 buying an additional 294 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in BlackLine by 15.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock valued at $117,000 after buying an additional 301 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Stock Performance

NASDAQ:BL opened at $30.63 on Friday. The stock’s 50-day simple moving average is $34.59 and its 200 day simple moving average is $46.24. The firm has a market capitalization of $1.83 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 2.19 and a beta of 0.69. The company has a quick ratio of 1.47, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. BlackLine has a twelve month low of $28.78 and a twelve month high of $59.57.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $183.16 million during the quarter, compared to the consensus estimate of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, analysts anticipate that BlackLine will post 1.04 EPS 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.