BlackLine (NASDAQ:BL) Receives Consensus Rating of “Hold” from Brokerages

Shares of BlackLine (NASDAQ:BL) have received an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.8333.

Several equities research analysts have commented on the company. Rosenblatt Securities dropped their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets lifted their price target on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 6th. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 price target on shares of BlackLine in a research note on Tuesday, April 28th. 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, Robert W. Baird set a $40.00 price objective on shares of BlackLine in a research note on Wednesday, May 6th.

Insider Activity at BlackLine

In other news, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the sale, the director owned 16,692 shares in the company, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. This trade represents a 17.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.10% of the company’s stock.

Institutional Trading of BlackLine

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in BlackLine in the 4th quarter worth about $80,787,000. Engaged Capital LLC lifted its stake in BlackLine by 138.8% during the 4th quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock valued at $59,913,000 after acquiring an additional 629,825 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of BlackLine during the 1st quarter valued at about $17,335,000. Teacher Retirement System of Texas boosted its holdings in shares of BlackLine by 5,776.8% during the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after acquiring an additional 467,571 shares during the last quarter. Finally, Hawk Ridge Capital Management LP grew its stake in shares of BlackLine by 26.3% in the first quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after acquiring an additional 393,192 shares during the period. Institutional investors own 95.13% of the company’s stock.

BlackLine Price Performance

Shares of NASDAQ BL opened at $27.87 on Thursday. The company has a 50 day simple moving average of $28.61 and a two-hundred day simple moving average of $35.68. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 64.81 and a beta of 0.66. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The company had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Analysts expect that BlackLine will post 1.1 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.