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

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BL shares. Robert W. Baird set a $50.00 price target on shares of BlackLine in a research report on Wednesday, February 11th. Citigroup dropped their target price on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald dropped their target price on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Citizens Jmp reaffirmed a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research report on Wednesday, February 11th. Finally, Piper Sandler raised shares of BlackLine to a “hold” rating in a research report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.00.

BlackLine Price Performance

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

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. 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, analysts forecast that BlackLine will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of BlackLine

Several institutional investors and hedge funds have recently added to or reduced their stakes in BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after purchasing an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 valued at $7,978,000 after acquiring an additional 7,228 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of BlackLine by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 5,682 shares during the last quarter. Strs Ohio bought a new stake in shares of BlackLine in the 1st quarter valued at about $82,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackLine by 9,148.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,162 shares of the technology company’s stock valued at $236,000 after acquiring an additional 4,117 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

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.