Q2 Earnings Estimate for BlackLine Issued By DA Davidson

BlackLine, Inc. (NASDAQ:BL) – Stock analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of BlackLine in a research report issued to clients and investors on Wednesday, May 7th. DA Davidson analyst W. Jellison anticipates that the technology company will earn $0.19 per share for the quarter. DA Davidson currently has a “Buy” rating and a $55.00 price target on the stock. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a net margin of 24.67% and a return on equity of 21.63%.

Other analysts have also issued reports about the stock. The Goldman Sachs Group decreased their price target on shares of BlackLine from $51.00 to $43.00 and set a “sell” rating on the stock in a research report on Thursday, April 17th. Citigroup decreased their target price on BlackLine from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Truist Financial upped their price target on BlackLine from $40.00 to $45.00 and gave the company a “hold” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $86.00 price objective on shares of BlackLine in a research report on Wednesday, January 15th. Finally, Bank of America upgraded BlackLine from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $75.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, BlackLine presently has an average rating of “Hold” and a consensus price target of $60.75.

BlackLine Trading Up 0.4 %

Shares of BlackLine stock opened at $53.17 on Thursday. BlackLine has a 1 year low of $40.82 and a 1 year high of $66.25. The company’s fifty day simple moving average is $47.50 and its 200-day simple moving average is $55.15. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 10.80 and a beta of 0.94. The company has a current ratio of 2.59, a quick ratio of 2.69 and a debt-to-equity ratio of 2.00.

Hedge Funds Weigh In On BlackLine

Large investors have recently modified their holdings of the stock. Topline Capital Management LLC bought a new stake in BlackLine during the 4th quarter worth about $60,572,000. American Century Companies Inc. boosted its stake in shares of BlackLine by 12,538.0% in the 4th quarter. American Century Companies Inc. now owns 896,665 shares of the technology company’s stock valued at $54,481,000 after purchasing an additional 889,570 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of BlackLine by 106.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company’s stock worth $57,443,000 after buying an additional 611,499 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BlackLine during the fourth quarter worth approximately $23,770,000. Finally, Conestoga Capital Advisors LLC lifted its holdings in BlackLine by 20.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,113,882 shares of the technology company’s stock valued at $128,439,000 after buying an additional 354,784 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Mark Woodhams sold 9,088 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $49.67, for a total transaction of $451,400.96. Following the transaction, the executive now owns 65,414 shares in the company, valued at $3,249,113.38. This represents a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by corporate insiders.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.