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

BlackLine (NASDAQ:BL) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.6667.

BL has been the topic of several research analyst reports. Rosenblatt Securities decreased their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen raised BlackLine from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. 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 report on Wednesday, May 6th. Morgan Stanley decreased their price objective on shares of BlackLine from $68.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BlackLine in a research report on Thursday, June 4th.

Insider Buying and Selling

In other news, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the sale, the director directly owned 16,692 shares of the company’s stock, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $234,588.75. This represents a 17.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

BlackLine Stock Up 1.5%

Shares of BL opened at $29.88 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 69.49 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 one year low of $24.70 and a one year high of $59.57. The business’s 50 day simple moving average is $28.77 and its 200-day simple moving average is $38.43.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The firm had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. During the same period last year, the firm posted $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 predict that BlackLine will post 1.1 EPS 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.