BlackLine (NASDAQ:BL) Sets New 12-Month Low – Should You Sell?

BlackLine (NASDAQ:BL)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.24 and last traded at $37.34, with a volume of 2269712 shares. The stock had previously closed at $38.61.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BL shares. Morgan Stanley reissued an “overweight” rating and set a $68.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. Cantor Fitzgerald decreased their price objective on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. DA Davidson dropped their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on BlackLine in a research note on Wednesday, February 11th. Finally, Citigroup dropped their price objective on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackLine currently has an average rating of “Hold” and a consensus price target of $56.00.

BlackLine Stock Down 3.3%

The company has a current ratio of 1.47, a quick ratio of 1.52 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 93.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.86. The firm has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $53.12.

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, beating analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $182.98 million. During the same period in the previous year, the company posted $0.47 earnings per share. BlackLine’s 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. On average, equities analysts expect that BlackLine will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackLine

Several hedge funds and other institutional investors have recently bought and sold shares of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BlackLine by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after purchasing an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in BlackLine by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock worth $7,978,000 after buying an additional 7,228 shares during the period. Intech Investment Management LLC boosted its position in BlackLine by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after buying an additional 5,682 shares during the last quarter. Strs Ohio acquired a new stake in shares of BlackLine during the first quarter valued at about $82,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of BlackLine during the second quarter worth about $202,000. 95.13% of the stock is owned by institutional investors and hedge funds.

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.