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

Shares of BlackLine (NASDAQ:BL) have earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.6667.

A number of equities research analysts have recently commented on BL shares. Cantor Fitzgerald dropped their target price on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Bank of America started coverage on BlackLine in a research report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 target price on the stock. DA Davidson dropped their target price on BlackLine from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Rosenblatt Securities dropped their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $50.00 target price on shares of BlackLine in a research report on Wednesday, May 6th.

BlackLine Price Performance

NASDAQ:BL opened at $30.48 on Wednesday. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $1.79 billion, a PE ratio of 70.88 and a beta of 0.66. The stock’s 50-day moving average price is $31.87 and its 200-day moving average price is $43.06.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The firm had revenue of $183.16 million for the quarter, compared to analysts’ expectations of $181.00 million. During the same period last year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities analysts expect that BlackLine will post 1.1 EPS for the current fiscal year.

Insider Activity at BlackLine

In other news, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BL. Measured Wealth Private Client Group LLC purchased a new position in BlackLine in the 3rd quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new position in BlackLine in the 4th quarter valued at about $28,000. Optiver Holding B.V. lifted its stake in BlackLine by 13,828.6% in the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after buying an additional 968 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in BlackLine in the 3rd quarter valued at about $38,000. Finally, MAI Capital Management lifted its stake in BlackLine by 10,000.0% in the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after buying an additional 700 shares in the last quarter. 95.13% of the stock is 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.