BlackLine (NASDAQ:BL - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect BlackLine to post earnings of $0.50 per share and revenue of $168.37 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
BlackLine Stock Performance
BL traded down $0.50 during mid-day trading on Friday, reaching $64.63. 463,432 shares of the company traded hands, compared to its average volume of 540,721. The stock has a market capitalization of $4.04 billion, a P/E ratio of 65.95, a P/E/G ratio of 8.97 and a beta of 0.92. BlackLine has a 52-week low of $43.37 and a 52-week high of $69.31. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.42. The company's fifty day moving average price is $61.74 and its 200-day moving average price is $56.32.
Insider Buying and Selling at BlackLine
In related news, CRO Mark Woodhams sold 24,408 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the completion of the transaction, the executive now owns 72,920 shares in the company, valued at approximately $4,690,214.40. This represents a 25.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BL. Piper Sandler downgraded BlackLine from a "neutral" rating to an "underweight" rating and set a $60.00 target price on the stock. in a report on Monday, January 6th. Bank of America raised shares of BlackLine from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley upped their target price on shares of BlackLine from $70.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Citigroup upgraded shares of BlackLine from a "neutral" rating to a "buy" rating and set a $73.00 price target on the stock in a research note on Thursday, January 16th. Finally, Truist Financial upped their price objective on BlackLine from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, BlackLine currently has a consensus rating of "Hold" and a consensus target price of $68.10.
View Our Latest Report on BlackLine
About BlackLine
(
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BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.
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