BlackLine (NASDAQ:BL) Receives $43.67 Consensus Target Price from Analysts

BlackLine (NASDAQ:BL) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.6667.

A number of analysts recently commented on BL shares. BMO Capital Markets boosted their price objective on shares of BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. Robert W. Baird set a $40.00 price target on shares of BlackLine in a research report on Wednesday, May 6th. Cantor Fitzgerald lowered their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen downgraded BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. Finally, Citigroup reduced their price objective on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, May 7th.

Insiders Place Their Bets

In other news, Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director owned 16,692 shares of the company’s stock, valued at $475,388.16. The trade was a 15.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gregory Hughes sold 1,637 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the completion of the sale, the director directly owned 7,755 shares in the company, valued at approximately $234,588.75. The trade was a 17.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On BlackLine

A number of institutional investors and hedge funds have recently bought and sold shares of BL. Norges Bank purchased a new position in BlackLine during the fourth quarter worth $80,787,000. Engaged Capital LLC increased its position in BlackLine by 138.8% during the 4th quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock worth $59,913,000 after purchasing an additional 629,825 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in BlackLine in the 1st quarter valued at about $17,335,000. Teacher Retirement System of Texas raised its stake in BlackLine by 5,776.8% in the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after purchasing an additional 467,571 shares during the last quarter. Finally, Hawk Ridge Capital Management LP lifted its holdings in BlackLine by 26.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock valued at $69,960,000 after purchasing an additional 393,192 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Trading Up 0.5%

Shares of BL stock opened at $28.34 on Wednesday. The business’s fifty day moving average price is $30.79 and its 200 day moving average price is $41.98. The firm has a market capitalization of $1.66 billion, a PE ratio of 65.91 and a beta of 0.66. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The company had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 9.7% on a year-over-year basis. 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, sell-side analysts forecast that BlackLine will post 1.1 EPS for the current fiscal year.

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.