BlackLine (NASDAQ:BL) Hits New 52-Week Low – Time to Sell?

BlackLine (NASDAQ:BL) reached a new 52-week low during trading on Thursday . The company traded as low as $29.59 and last traded at $29.5530, with a volume of 120917 shares changing hands. The stock had previously closed at $31.73.

Analysts Set New Price Targets

BL has been the subject of a number of recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. DA Davidson reduced their price objective on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Rosenblatt Securities restated a “buy” rating and set a $62.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on shares of BlackLine in a research report on Wednesday, February 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $68.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.82.

BlackLine Trading Down 8.3%

The business has a 50 day moving average of $35.60 and a 200-day moving average of $47.48. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $1.74 billion, a P/E ratio of 72.59, a PEG ratio of 2.29 and a beta of 0.88.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $182.98 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Analysts anticipate that BlackLine will post 1.01 EPS for the current fiscal year.

Institutional Trading of BlackLine

Hedge funds and other institutional investors have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its holdings in shares of BlackLine by 12.0% in the first quarter. Pictet Asset Management Holding SA now owns 8,651 shares of the technology company’s stock valued at $320,000 after purchasing an additional 930 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of BlackLine by 25.5% during the first quarter. Wesbanco Bank Inc. now owns 41,400 shares of the technology company’s stock worth $1,532,000 after buying an additional 8,400 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in BlackLine in the 1st quarter valued at approximately $821,000. Blue Trust Inc. lifted its stake in BlackLine by 5.0% in the 1st quarter. Blue Trust Inc. now owns 7,516 shares of the technology company’s stock valued at $278,000 after acquiring an additional 359 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in BlackLine by 1,225.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,728 shares of the technology company’s stock valued at $317,000 after acquiring an additional 5,296 shares in the last quarter. Institutional investors and hedge funds 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.