BlackLine (NASDAQ:BL) Stock Has Consensus Target Price of $39.50 According to Analysts

BlackLine (NASDAQ:BL) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.08.

A number of research analysts have issued reports on BL shares. Wall Street Zen lowered shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Scotiabank downgraded BlackLine to an “outperform” rating in a report on Tuesday, July 21st. Robert W. Baird set a $35.00 price target on BlackLine in a report on Wednesday, August 5th. Morgan Stanley lowered shares of BlackLine from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $50.00 to $33.00 in a research report on Tuesday, July 21st. Finally, DA Davidson lowered shares of BlackLine from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $30.00 to $23.00 in a research report on Monday, September 28th.

BlackLine Trading Down 23.1%

BlackLine stock opened at $25.89 on Friday. The business’s 50-day simple moving average is $30.35 and its 200-day simple moving average is $32.59. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The firm has a market capitalization of $1.50 billion, a PE ratio of 39.23, a PEG ratio of 2.23 and a beta of 0.67. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The business had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $194.17 million. During the same period last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that BlackLine will post 0.99 earnings per share for the current year.

Insider Activity

In related news, Director Therese Tucker sold 70,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the transaction, the director owned 381,557 shares of the company’s stock, valued at approximately $12,194,561.72. This represents a 15.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michelle D. Stalick sold 780 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the transaction, the chief accounting officer owned 34,712 shares in the company, valued at $1,168,058.80. This represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackLine

Several large investors have recently modified their holdings of the stock. Hawk Ridge Capital Management LP grew its holdings in shares of BlackLine by 26.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after purchasing an additional 393,192 shares in the last quarter. ICONIQ Capital LLC bought a new position in shares of BlackLine during the second quarter valued at about $58,584,000. Engaged Capital LLC increased its position in shares of BlackLine by 26.2% during the 1st quarter. Engaged Capital LLC now owns 1,367,619 shares of the technology company’s stock valued at $50,602,000 after purchasing an additional 284,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in BlackLine by 20.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,063,655 shares of the technology company’s stock worth $39,354,000 after purchasing an additional 181,577 shares during the period. Finally, Bank of America Corp DE acquired a new position in BlackLine in the second quarter valued at approximately $27,532,000. Institutional investors own 95.13% of the company’s stock.

BlackLine News Summary

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.64 per share, ahead of the $0.63 consensus and up from $0.51 a year earlier. Revenue grew 8.5% year over year. BlackLine Q3 Earnings Top Estimates
• Negative Sentiment: Quarterly revenue of $193.4 million came in slightly below analysts’ $194.17 million estimate. The company forecast 2026 revenue of $759.5 million to $761.5 million, with the outlook described as slightly below expectations; management cited longer deal cycles and slower Agentic AI consumption. BlackLine anticipates 2026 revenue amid longer deal cycles and slower Agentic AI consumption
• Negative Sentiment: Analyst actions reinforced growth concerns: Bank of America reiterated its Sell rating with a $26 price target, while Piper Sandler cut its target from $35 to $30 and maintained a Neutral rating. BlackLine’s Weakening Growth Indicators Support Sell Rating Piper Sandler price target update

BlackLine Company Profile

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.