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

BlackLine (NASDAQ:BL) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.6667.

A number of research analysts recently weighed in on the stock. Rosenblatt Securities decreased their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 target price on shares of BlackLine in a research report on Wednesday, May 6th. Wall Street Zen raised shares of BlackLine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a research report on Thursday, June 4th. Finally, Morgan Stanley decreased their target price on shares of BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th.

Insiders Place Their Bets

In related news, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the transaction, the director owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director directly owned 16,692 shares of the company’s stock, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackLine

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ananym Capital Management LP grew its stake in shares of BlackLine by 37.5% in the third quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock valued at $23,497,000 after buying an additional 120,590 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of BlackLine by 11.3% in the third quarter. Segall Bryant & Hamill LLC now owns 338,959 shares of the technology company’s stock valued at $17,999,000 after buying an additional 34,499 shares in the last quarter. Cinctive Capital Management LP grew its stake in shares of BlackLine by 26.4% in the third quarter. Cinctive Capital Management LP now owns 152,856 shares of the technology company’s stock valued at $8,117,000 after buying an additional 31,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of BlackLine by 2,609.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,197 shares of the technology company’s stock valued at $6,259,000 after buying an additional 109,019 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of BlackLine by 5,776.8% in the fourth quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after buying an additional 467,571 shares in the last quarter. 95.13% of the stock is owned by institutional investors.

BlackLine Stock Performance

Shares of BL stock opened at $28.34 on Friday. The company has a market capitalization of $1.66 billion, a P/E ratio of 65.91 and a beta of 0.66. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company’s 50 day moving average price is $29.01 and its two-hundred day moving average price is $39.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, analysts expect that BlackLine will post 1.1 earnings per share for the current fiscal 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.