BlackLine (NASDAQ:BL) Given Consensus Rating of “Hold” by Analysts

Shares of BlackLine (NASDAQ:BL) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $55.8182.

BL has been the topic of several analyst reports. Wall Street Zen upgraded shares of BlackLine from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings downgraded shares of BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 9th. Piper Sandler dropped their target price on shares of BlackLine from $50.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a research note on Wednesday, February 11th.

BlackLine Trading Up 0.9%

Shares of NASDAQ BL opened at $31.80 on Tuesday. The firm’s 50 day moving average price is $36.06 and its 200-day moving average price is $47.74. The company has a market cap of $1.90 billion, a PE ratio of 79.50, a P/E/G ratio of 2.29 and a beta of 0.88. BlackLine has a 52-week low of $29.67 and a 52-week high of $59.57. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, equities research analysts expect that BlackLine will post 1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in BlackLine by 228.3% during the third quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock valued at $7,143,000 after purchasing an additional 93,544 shares during the period. Hussman Strategic Advisors Inc. bought a new position in BlackLine during the third quarter valued at approximately $2,230,000. Gagnon Securities LLC lifted its position in BlackLine by 10.6% during the third quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock valued at $14,811,000 after purchasing an additional 26,678 shares during the period. Ananym Capital Management LP lifted its position in BlackLine by 37.5% during the third quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock valued at $23,497,000 after purchasing an additional 120,590 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in BlackLine during the third quarter valued at approximately $1,101,000. Institutional investors own 95.13% of the company’s stock.

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.