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

Shares of BlackLine (NASDAQ:BL) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $40.0833.

A number of equities analysts recently commented on BL shares. Piper Sandler lowered their price target on shares of BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings raised shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $33.00 target price (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Robert W. Baird set a $35.00 target price on shares of BlackLine in a report on Wednesday, August 5th. Finally, DA Davidson set a $30.00 price target on shares of BlackLine in a research report on Thursday, July 9th.

Insiders Place Their Bets

In other news, CAO Michelle D. Stalick sold 780 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total transaction of $26,247.00. Following the completion of the sale, the chief accounting officer directly owned 34,712 shares in the company, valued at approximately $1,168,058.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Therese Tucker sold 70,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.96, for a total value of $2,237,200.00. Following the sale, the director directly owned 381,557 shares in the company, valued at approximately $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 the stock. ICONIQ Capital LLC acquired a new stake in shares of BlackLine during the 2nd quarter worth approximately $58,584,000. California State Teachers Retirement System raised its position in BlackLine by 2,636.3% during the second quarter. California State Teachers Retirement System now owns 1,711,316 shares of the technology company’s stock valued at $48,037,000 after purchasing an additional 1,648,775 shares in the last quarter. Norges Bank acquired a new position in BlackLine during the fourth quarter valued at approximately $80,787,000. Bank of America Corp DE bought a new stake in BlackLine during the second quarter worth $27,532,000. Finally, Engaged Capital LLC lifted its stake in BlackLine by 138.8% during the fourth quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock worth $59,913,000 after purchasing an additional 629,825 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Stock Performance

BL opened at $28.75 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. The business has a fifty day simple moving average of $30.58 and a 200 day simple moving average of $31.36. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The company has a market capitalization of $1.67 billion, a PE ratio of 50.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.66.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The firm had revenue of $187.82 million for the quarter, compared to analysts’ expectations of $186.99 million. During the same quarter last year, the business earned $0.51 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Research analysts expect that BlackLine will post 0.98 EPS for the current year.

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.