BlackLine (NASDAQ:BL) Receives $56.00 Consensus Target Price from Analysts

BlackLine (NASDAQ:BL) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.00.

Several analysts have recently weighed in on BL shares. Weiss Ratings restated a “hold (c)” rating on shares of BlackLine in a report on Monday, December 29th. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 target price on shares of BlackLine in a research report on Wednesday, February 11th. DA Davidson reduced their target price 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 restated an “overweight” rating and issued a $68.00 price target on shares of BlackLine in a research report on Wednesday, February 11th. Finally, Citigroup dropped their price target on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th.

BlackLine Stock Up 1.0%

Shares of NASDAQ:BL opened at $32.85 on Monday. BlackLine has a 52-week low of $31.75 and a 52-week high of $59.57. The company has a market capitalization of $1.95 billion, a PE ratio of 82.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.52 and a current ratio of 1.47. The company has a fifty day moving average of $49.20 and a 200-day moving average of $52.40.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The company had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same quarter last year, the business posted $0.47 EPS. BlackLine’s revenue for the quarter was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, equities analysts predict that BlackLine will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BL. MidFirst Bank acquired a new stake in shares of BlackLine in the fourth quarter valued at about $139,000. Virtu Financial LLC acquired a new position in shares of BlackLine in the fourth quarter worth approximately $210,000. Mercer Global Advisors Inc. ADV bought a new stake in BlackLine in the fourth quarter valued at approximately $216,000. Tudor Investment Corp ET AL bought a new stake in BlackLine in the fourth quarter valued at approximately $4,051,000. Finally, Susquehanna Fundamental Investments LLC increased its position in BlackLine by 1,966.6% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 112,010 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 106,590 shares during the period. 95.13% of the stock is owned by institutional investors and hedge funds.

BlackLine Company Profile

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.