BlackLine (NASDAQ:BL) Given Average Rating of “Hold” by Brokerages

Shares of BlackLine (NASDAQ:BL) have been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $56.00.

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating on shares of BlackLine in a research report on Wednesday. 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. Morgan Stanley reiterated an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a report on Wednesday, February 11th. Finally, Piper Sandler raised shares of BlackLine to a “hold” rating in a research note on Monday, February 2nd.

BlackLine Price Performance

NASDAQ:BL opened at $38.52 on Friday. BlackLine has a one year low of $31.75 and a one year high of $59.57. The stock has a market cap of $2.29 billion, a PE ratio of 96.30, a P/E/G ratio of 2.78 and a beta of 0.90. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50 day moving average price of $42.85 and a 200 day moving average price of $50.69.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. 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 research analysts expect that BlackLine will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BL. Bessemer Group Inc. grew its stake in shares of BlackLine by 22.9% in the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after buying an additional 184 shares in the last quarter. Amalgamated Bank lifted its stake in BlackLine by 1.3% during the 3rd quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock worth $804,000 after acquiring an additional 191 shares in the last quarter. Blue Trust Inc. boosted its holdings in BlackLine by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 6,901 shares of the technology company’s stock valued at $366,000 after acquiring an additional 250 shares during the period. Asset Management One Co. Ltd. boosted its holdings in BlackLine by 14.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,383 shares of the technology company’s stock valued at $127,000 after acquiring an additional 294 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in BlackLine by 15.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock valued at $117,000 after acquiring an additional 301 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

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.