BlackLine (NASDAQ:BL – Get Free Report) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.6667.
A number of brokerages have recently weighed in on BL. Cantor Fitzgerald reduced their price target on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Piper Sandler upped their price target on shares of BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Citigroup reduced their price target on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 price target on shares of BlackLine in a research note on Wednesday, May 6th. Finally, BMO Capital Markets upped their price target on shares of BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 6th.
Read Our Latest Stock Report on BL
Institutional Trading of BlackLine
BlackLine Trading Down 3.7%
Shares of NASDAQ:BL opened at $25.23 on Friday. The company has a 50 day moving average of $34.00 and a 200-day moving average of $45.51. The firm has a market cap of $1.48 billion, a P/E ratio of 58.67, a P/E/G ratio of 1.75 and a beta of 0.69. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18.
BlackLine (NASDAQ:BL – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The company 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%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts anticipate that BlackLine will post 1.1 earnings per share for the current fiscal year.
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.
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