Brokers Set Expectations for BlackLine FY2025 Earnings

BlackLine, Inc. (NASDAQ:BL) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of BlackLine in a research report issued to clients and investors on Tuesday, June 3rd. Cantor Fitzgerald analyst M. Vanvliet forecasts that the technology company will post earnings per share of $1.09 for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $58.00 target price on the stock. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share.

Other analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price target on BlackLine from $51.00 to $43.00 and set a “sell” rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded BlackLine from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. BMO Capital Markets cut their price objective on shares of BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th. Citigroup cut their price objective on BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their price objective on BlackLine from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.54.

BlackLine Stock Up 0.8%

Shares of BlackLine stock opened at $58.05 on Thursday. The company has a market capitalization of $3.62 billion, a P/E ratio of 40.03, a P/E/G ratio of 10.80 and a beta of 0.94. The company has a 50 day moving average of $49.66 and a 200 day moving average of $54.79. BlackLine has a 52-week low of $40.82 and a 52-week high of $66.25. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00.

Hedge Funds Weigh In On BlackLine

A number of institutional investors and hedge funds have recently bought and sold shares of BL. SBI Securities Co. Ltd. purchased a new position in BlackLine in the fourth quarter valued at about $31,000. Global Retirement Partners LLC boosted its stake in shares of BlackLine by 568.4% during the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock valued at $32,000 after buying an additional 449 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of BlackLine by 243.5% during the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company’s stock valued at $35,000 after buying an additional 414 shares during the last quarter. Headlands Technologies LLC bought a new position in BlackLine during the 4th quarter valued at $50,000. Finally, Huntington National Bank boosted its stake in BlackLine by 596.4% during the 4th quarter. Huntington National Bank now owns 968 shares of the technology company’s stock valued at $59,000 after acquiring an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Insiders Place Their Bets

In other BlackLine news, CAO Michelle D. Stalick sold 795 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $55.14, for a total transaction of $43,836.30. Following the completion of the sale, the chief accounting officer now directly owns 25,235 shares in the company, valued at $1,391,457.90. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mark Woodhams sold 1,856 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $54.65, for a total transaction of $101,430.40. Following the sale, the executive now directly owns 61,390 shares of the company’s stock, valued at approximately $3,354,963.50. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is 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.