Analysts Set BlackLine (NASDAQ:BL) Price Target at $56.00

BlackLine (NASDAQ:BL) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $56.00.

BL has been the topic of a number of analyst reports. Weiss Ratings cut shares of BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 9th. Cantor Fitzgerald lowered their target price on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of BlackLine in a research note on Wednesday, March 18th. Robert W. Baird set a $50.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of BlackLine in a research report on Wednesday, February 11th.

BlackLine Trading Down 6.4%

Shares of BL stock opened at $37.46 on Friday. The company has a market cap of $2.23 billion, a PE ratio of 93.65, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. BlackLine has a 1 year low of $31.75 and a 1 year high of $59.57. The stock’s 50 day simple moving average is $41.79 and its two-hundred day simple moving average is $50.34. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.47.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts predict that BlackLine will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On BlackLine

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its stake in shares of BlackLine by 1,225.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,728 shares of the technology company’s stock worth $317,000 after acquiring an additional 5,296 shares during the last quarter. MidFirst Bank bought a new position in BlackLine in the 4th quarter valued at $139,000. Virtu Financial LLC purchased a new stake in BlackLine in the fourth quarter worth $210,000. Mercer Global Advisors Inc. ADV purchased a new stake in BlackLine in the fourth quarter worth $216,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of BlackLine during the fourth quarter worth $4,051,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

About BlackLine

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.