BlackLine (NASDAQ:BL) Stock Rated “Hold” by Wall Street Brokerages

BlackLine (NASDAQ:BL) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $39.50.

A number of equities research analysts have weighed in on the company. Weiss Ratings raised BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Piper Sandler dropped their target price on BlackLine from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Scotiabank cut BlackLine to an “outperform” rating in a report on Tuesday, July 21st. Robert W. Baird set a $35.00 target price on BlackLine in a research report on Wednesday, August 5th. Finally, DA Davidson lowered BlackLine from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $30.00 to $23.00 in a research note on Monday, September 28th.

Insiders Place Their Bets

In other BlackLine news, Director Therese Tucker sold 70,000 shares of BlackLine stock in a transaction on 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 completion of the transaction, the director directly owned 381,557 shares of the company’s stock, valued at approximately $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michelle D. Stalick sold 780 shares of the business’s stock in a transaction 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 completion of the sale, 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. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On BlackLine

A number of hedge funds have recently made changes to their positions in BL. Farther Finance Advisors LLC lifted its position in shares of BlackLine by 258.0% during the third quarter. Farther Finance Advisors LLC now owns 1,908 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,375 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of BlackLine by 11.8% during the third quarter. Versant Capital Management Inc now owns 3,722 shares of the technology company’s stock valued at $99,000 after purchasing an additional 392 shares during the last quarter. Cim Investment Management Inc. increased its holdings in shares of BlackLine by 7.4% in the second quarter. Cim Investment Management Inc. now owns 12,525 shares of the technology company’s stock valued at $352,000 after purchasing an additional 865 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of BlackLine in the second quarter valued at approximately $1,538,000. Finally, AXQ Capital LP acquired a new stake in shares of BlackLine in the second quarter valued at approximately $325,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

BlackLine Price Performance

Shares of BlackLine stock opened at $29.77 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The firm’s 50-day simple moving average is $29.91 and its 200-day simple moving average is $30.20. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The firm has a market cap of $1.73 billion, a P/E ratio of 52.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The business had revenue of $187.82 million for the quarter, compared to analysts’ expectations of $186.99 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, research analysts expect that BlackLine will post 0.99 EPS for the current fiscal year.

About BlackLine

BlackLine, Inc (NASDAQ: BL) provides cloud-based software designed to automate and manage critical financial and accounting processes. Its platform helps organizations replace manual, spreadsheet-driven workflows with centralized tools for financial close management, reconciliation, transaction matching, and accounting operations.

The company’s offerings include solutions for account reconciliation, journal entry management, intercompany accounting, compliance, and financial reporting.