BlackLine (NASDAQ:BL) Stock Has Average Target Price of $39.50 According to Analysts

Shares of BlackLine (NASDAQ:BL) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.50.

Several analysts have commented on the company. DA Davidson downgraded BlackLine from a “neutral” rating to an “underperform” rating and cut their target price for the company from $30.00 to $23.00 in a research note on Monday, September 28th. Morgan Stanley downgraded BlackLine from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $33.00 in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a report on Monday. Piper Sandler lowered their price objective on shares of BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Scotiabank downgraded BlackLine to an “outperform” rating in a report on Tuesday, July 21st.

Insider Buying and Selling

In related news, Director Therese Tucker sold 70,000 shares of BlackLine stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the transaction, the director directly owned 381,557 shares in the company, valued at approximately $12,194,561.72. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michelle D. Stalick sold 780 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $33.65, for a total value of $26,247.00. Following the completion of the transaction, the chief accounting officer directly owned 34,712 shares in the company, valued at $1,168,058.80. This trade represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 added to or reduced their stakes in BL. Fortitude Family Office LLC purchased a new stake in shares of BlackLine in the third quarter worth $25,000. Optiver Holding B.V. raised its holdings in BlackLine by 13,828.6% during the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after acquiring an additional 968 shares during the period. Leonteq Securities AG lifted its position in shares of BlackLine by 1,019.6% in the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after acquiring an additional 989 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of BlackLine by 824.0% during the third quarter. Sterling Capital Management LLC now owns 1,617 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of BlackLine by 258.0% during the third quarter. Farther Finance Advisors LLC now owns 1,908 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,375 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

BlackLine Trading Up 0.3%

NASDAQ BL opened at $33.81 on Friday. The stock’s 50 day moving average is $30.33 and its 200 day moving average is $33.10. The firm has a market capitalization of $1.97 billion, a PE ratio of 59.32, a P/E/G ratio of 2.21 and a beta of 0.74. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%. The firm had revenue of $187.82 million for the quarter, compared to analysts’ expectations of $186.99 million. During the same period in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Research analysts forecast that BlackLine will post 0.99 earnings per share for the current fiscal year.

BlackLine Company Profile

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.