BlackLine (NASDAQ:BL) Updates Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.360-0.390 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $170.6 million. BlackLine also updated its FY 2025 guidance to 1.970-2.100 EPS.

BlackLine Price Performance

BL stock traded down $1.01 during midday trading on Tuesday, reaching $63.40. 811,202 shares of the company’s stock traded hands, compared to its average volume of 562,401. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.42. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 9.14 and a beta of 0.92. The company has a 50-day simple moving average of $61.84 and a two-hundred day simple moving average of $56.69. BlackLine has a 1-year low of $43.37 and a 1-year high of $69.31.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a net margin of 19.83% and a return on equity of 31.02%. On average, analysts anticipate that BlackLine will post 1 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BL. JPMorgan Chase & Co. boosted their price objective on shares of BlackLine from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on BlackLine from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Truist Financial raised their price target on BlackLine from $55.00 to $60.00 and gave the company a “hold” rating in a report on Monday, November 11th. JMP Securities reissued a “market outperform” rating and set a $86.00 price objective on shares of BlackLine in a report on Wednesday, January 15th. Finally, Bank of America raised shares of BlackLine from an “underperform” rating to a “buy” rating and raised their target price for the company from $50.00 to $75.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.10.

Insider Buying and Selling

In related news, CRO Mark Woodhams sold 24,408 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total value of $1,569,922.56. Following the completion of the transaction, the executive now directly owns 72,920 shares in the company, valued at approximately $4,690,214.40. The trade was a 25.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.93% of the stock is owned by insiders.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.