BlackLine (NASDAQ:BL) Trading Down 7.9% – Here’s Why

BlackLine (NASDAQ:BL) shares were down 7.9% during trading on Monday . The stock traded as low as $33.44 and last traded at $33.2950. Approximately 328,996 shares were traded during trading, a decline of 73% from the average daily volume of 1,206,483 shares. The stock had previously closed at $36.15.

Analysts Set New Price Targets

Several research firms recently issued reports on BL. Robert W. Baird set a $50.00 target price on BlackLine in a research report on Wednesday, February 11th. BMO Capital Markets reduced their price target on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a report on Friday, November 7th. DA Davidson cut their price target on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Citizens Jmp reaffirmed a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald cut their price target on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BlackLine has an average rating of “Hold” and an average target price of $56.00.

BlackLine Trading Down 9.5%

The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.52. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 81.95, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. The firm’s fifty day moving average is $50.68 and its 200-day moving average is $52.77.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The company had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same period in the previous year, the business earned $0.47 EPS. The firm’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. Equities analysts anticipate that BlackLine will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after acquiring an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $7,978,000 after purchasing an additional 7,228 shares during the period. Intech Investment Management LLC increased its stake in shares of BlackLine by 28.1% during the first 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 period. Strs Ohio purchased a new position in BlackLine during the 1st quarter valued at $82,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in BlackLine in the 2nd quarter worth $202,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

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.