BlackLine (NASDAQ:BL) Lowered to “Buy” Rating by Wall Street Zen

BlackLine (NASDAQ:BL) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Robert W. Baird set a $40.00 target price on BlackLine in a report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $50.00 target price on shares of BlackLine in a research report on Wednesday, May 6th. BMO Capital Markets increased their price target on shares of BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, May 6th. Rosenblatt Securities lowered their price objective on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Scotiabank cut shares of BlackLine to an “outperform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.83.

BlackLine Trading Up 4.7%

NASDAQ:BL opened at $28.74 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 66.84 and a beta of 0.66. The firm has a fifty day simple moving average of $28.65 and a two-hundred day simple moving average of $35.45. BlackLine has a 12 month low of $24.70 and a 12 month high of $59.57.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $183.16 million during the quarter, compared to analyst estimates of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. BlackLine’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Analysts expect that BlackLine will post 1.1 EPS for the current fiscal year.

Insider Transactions at BlackLine

In related news, Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the transaction, the director directly owned 16,692 shares of the company’s stock, valued at $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Hughes sold 1,637 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. The trade was a 17.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackLine

Several large investors have recently made changes to their positions in BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BlackLine by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after buying an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BlackLine by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock worth $7,978,000 after purchasing an additional 7,228 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 5,682 shares during the last quarter. Strs Ohio bought a new position in shares of BlackLine during the first quarter valued at $82,000. Finally, Invesco Ltd. lifted its holdings in shares of BlackLine by 36.6% during the second quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock valued at $13,321,000 after purchasing an additional 63,068 shares in the last quarter. 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.