Cantor Fitzgerald Cuts BlackLine (NASDAQ:BL) Price Target to $50.00

BlackLine (NASDAQ:BL) had its price objective lowered by Cantor Fitzgerald from $58.00 to $50.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other analysts have also recently commented on BL. DA Davidson upgraded BlackLine to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BlackLine in a report on Monday, December 29th. Piper Sandler raised shares of BlackLine to a “hold” rating in a research report on Monday, February 2nd. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price objective on shares of BlackLine in a research note on Wednesday. Finally, Citigroup reaffirmed an “outperform” rating on shares of BlackLine in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlackLine currently has an average rating of “Hold” and a consensus price target of $57.85.

BlackLine Trading Up 0.2%

NASDAQ BL opened at $38.61 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $2.30 billion, a P/E ratio of 96.53, a P/E/G ratio of 2.66 and a beta of 0.86. BlackLine has a 52-week low of $38.43 and a 52-week high of $59.57. The firm has a 50-day moving average price of $52.80 and a 200 day moving average price of $53.37.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $183.18 million during the quarter, compared to the consensus estimate of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Equities research analysts expect that BlackLine will post 0.9 EPS for the current year.

Hedge Funds Weigh In On BlackLine

Several hedge funds have recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in BlackLine in the 3rd quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of BlackLine in the 2nd quarter worth about $27,000. Kestra Advisory Services LLC purchased a new position in shares of BlackLine during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of BlackLine in the second quarter worth about $33,000. Finally, Versant Capital Management Inc boosted its stake in shares of BlackLine by 110.4% during the third quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after purchasing an additional 350 shares during the period. Institutional investors own 95.13% of the company’s stock.

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.