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

Shares of BlackLine (NASDAQ:BL) have been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two research 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 12-month price objective among brokerages that have covered the stock in the last year is $40.0833.

A number of equities research analysts recently weighed in on BL shares. Morgan Stanley restated an “equal weight” rating and set a $33.00 price objective (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $36.00 target price on shares of BlackLine in a research report on Wednesday, August 5th. DA Davidson set a $30.00 price target on BlackLine in a research note on Thursday, July 9th. Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Piper Sandler reduced their price target on BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th.

BlackLine Stock Performance

NASDAQ BL opened at $30.53 on Monday. The firm’s fifty day moving average price is $29.12 and its two-hundred day moving average price is $32.85. The stock has a market cap of $1.77 billion, a PE ratio of 53.56, a PEG ratio of 2.02 and a beta of 0.64. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The company had revenue of $187.82 million during the quarter, compared to the consensus estimate of $186.99 million. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, equities analysts expect that BlackLine will post 0.98 EPS for the current fiscal year.

Insider Activity at BlackLine

In related news, Director Gregory Hughes sold 1,637 shares of BlackLine 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 in the company, valued at $234,588.75. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the sale, the director directly owned 16,692 shares in the company, valued at $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is owned by company insiders.

Institutional Trading of BlackLine

Institutional investors have recently modified their holdings of the business. ICONIQ Capital LLC bought a new stake in shares of BlackLine in the 2nd quarter valued at $58,584,000. Norges Bank bought a new position in BlackLine during the fourth quarter worth $80,787,000. Engaged Capital LLC raised its stake in BlackLine by 138.8% during the fourth quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock worth $59,913,000 after buying an additional 629,825 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in BlackLine in the first quarter valued at $17,335,000. Finally, Teacher Retirement System of Texas lifted its holdings in BlackLine by 5,776.8% in the fourth quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after buying an additional 467,571 shares during the period. Institutional investors own 95.13% of the company’s stock.

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.