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

BlackLine (NASDAQ:BL) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have 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 1-year price target among analysts that have issued ratings on the stock in the last year is $43.6667.

Several equities analysts recently issued reports on the company. Bank of America initiated coverage on BlackLine in a research report on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price objective for the company. Citigroup cut their price target on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. BMO Capital Markets upped their price target on shares of BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $50.00 price objective on shares of BlackLine in a research report on Wednesday, May 6th. Finally, Piper Sandler raised their price objective on shares of BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th.

Insider Activity at BlackLine

In other news, Director Gregory Hughes sold 1,637 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the sale, the director directly owned 7,755 shares in the company, valued at $234,588.75. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackLine

Hedge funds and other institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in shares of BlackLine during the 3rd quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new stake in shares of BlackLine in the fourth quarter worth $28,000. MAI Capital Management boosted its holdings in BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after purchasing an additional 700 shares during the last quarter. Bayforest Capital Ltd bought a new position in BlackLine in the fourth quarter valued at $40,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in BlackLine in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Stock Performance

Shares of BlackLine stock opened at $28.66 on Wednesday. The company has a market capitalization of $1.68 billion, a PE ratio of 66.65 and a beta of 0.66. BlackLine has a 12 month low of $24.70 and a 12 month high of $59.57. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $42.34.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The firm had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. 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, research analysts predict that BlackLine will post 1.1 EPS for the current 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.