BlackLine (NASDAQ:BL) Stock Price Down 7.9% – Here’s Why

Shares of BlackLine (NASDAQ:BL) dropped 7.9% during trading on Monday . The company traded as low as $33.44 and last traded at $33.2950. Approximately 328,996 shares changed hands during trading, a decline of 73% from the average daily volume of 1,206,483 shares. The stock had previously closed at $36.15.

Analysts Set New Price Targets

A number of brokerages have issued reports on BL. DA Davidson lowered their price objective on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Citizens Jmp reiterated a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Cantor Fitzgerald lowered their price objective on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BlackLine has a consensus rating of “Hold” and an average price target of $56.00.

BlackLine Stock Performance

The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average of $50.68 and a 200-day moving average of $52.77. The company has a market cap of $1.95 billion, a P/E ratio of 81.95, a PEG ratio of 2.62 and a beta of 0.86.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. As a group, sell-side analysts anticipate that BlackLine will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BL. Bessemer Group Inc. lifted its holdings in 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 lifted its position 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 acquiring an additional 191 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of BlackLine by 9.4% in the second quarter. Parkside Financial Bank & Trust now owns 2,618 shares of the technology company’s stock worth $148,000 after acquiring an additional 225 shares during the last quarter. Blue Trust Inc. increased its position in shares of BlackLine by 3.8% during the third quarter. Blue Trust Inc. now owns 6,901 shares of the technology company’s stock worth $366,000 after purchasing an additional 250 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake 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 purchasing an additional 294 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

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.