BlackLine (NASDAQ:BL) Trading Up 6.6% – Should You Buy?

Shares of BlackLine (NASDAQ:BL) shot up 6.6% on Tuesday . The stock traded as high as $38.05 and last traded at $37.9210. 520,434 shares changed hands during trading, a decline of 58% from the average session volume of 1,246,711 shares. The stock had previously closed at $35.58.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BL shares. Cantor Fitzgerald cut their price objective on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a report on Wednesday, February 11th. DA Davidson dropped their price target on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Piper Sandler upgraded BlackLine to a “hold” rating in a research report on Monday, February 2nd. Finally, Citigroup decreased their price target on BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, BlackLine currently has an average rating of “Hold” and an average price target of $56.00.

BlackLine Trading Up 1.8%

The firm has a market capitalization of $2.34 billion, a PE ratio of 96.35, a PEG ratio of 2.77 and a beta of 0.90. The company’s 50-day moving average price is $43.19 and its 200-day moving average price is $50.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. BlackLine’s revenue for the quarter 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, sell-side analysts expect that BlackLine will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On BlackLine

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its position in BlackLine by 228.3% during the 3rd quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock worth $7,143,000 after acquiring an additional 93,544 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of BlackLine during the third quarter worth about $2,230,000. Advantage Alpha Capital Partners LP grew its stake in BlackLine by 9.9% in the second quarter. Advantage Alpha Capital Partners LP now owns 82,601 shares of the technology company’s stock worth $4,677,000 after purchasing an additional 7,470 shares in the last quarter. Gagnon Securities LLC grew its stake in BlackLine by 10.6% in the third quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock worth $14,811,000 after purchasing an additional 26,678 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in BlackLine in the third quarter valued at about $1,101,000. 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.