BlackLine (NASDAQ:BL) Sets New 1-Year Low – Should You Sell?

Shares of BlackLine (NASDAQ:BL) reached a new 52-week low on Thursday . The company traded as low as $31.61 and last traded at $31.8110, with a volume of 500537 shares. The stock had previously closed at $33.24.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BL. Citigroup dropped their price objective on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. DA Davidson dropped their price objective on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $68.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald dropped their price objective on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, BlackLine has a consensus rating of “Hold” and an average target price of $56.00.

BlackLine Stock Down 3.5%

The stock’s 50-day moving average is $38.16 and its 200-day moving average is $48.96. The stock has a market cap of $1.91 billion, a P/E ratio of 79.92, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $183.18 million during the quarter, compared to analyst estimates of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. BlackLine’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, research analysts anticipate that BlackLine will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackLine

Several large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its position 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 valued at $317,000 after purchasing an additional 5,296 shares in the last quarter. MidFirst Bank acquired a new position in shares of BlackLine in the fourth quarter worth about $139,000. Virtu Financial LLC acquired a new position in shares of BlackLine in the fourth quarter worth about $210,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of BlackLine in the fourth quarter worth about $216,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of BlackLine in the fourth quarter worth about $4,051,000. Institutional investors own 95.13% of the company’s stock.

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.