BlackLine (NASDAQ:BL) Posts Quarterly Earnings Results

BlackLine (NASDAQ:BL - Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.29), Zacks reports. BlackLine had a net margin of 19.83% and a return on equity of 31.02%. BlackLine updated its Q1 2025 guidance to 0.360-0.390 EPS and its FY 2025 guidance to 1.970-2.100 EPS.

BlackLine Stock Performance

Shares of BL stock traded down $0.89 during trading hours on Friday, reaching $51.37. 913,448 shares of the company traded hands, compared to its average volume of 516,899. BlackLine has a 12-month low of $43.37 and a 12-month high of $69.31. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market cap of $3.21 billion, a P/E ratio of 52.42, a P/E/G ratio of 9.14 and a beta of 0.92. The firm has a 50-day moving average price of $61.15 and a 200 day moving average price of $56.83.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BL. StockNews.com upgraded BlackLine from a "hold" rating to a "buy" rating in a report on Thursday. Piper Sandler reduced their price target on BlackLine from $60.00 to $58.00 and set an "underweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. raised their price target on BlackLine from $47.00 to $50.00 and gave the company an "underweight" rating in a report on Friday, October 25th. Bank of America upgraded BlackLine from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $86.00 price objective on shares of BlackLine in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $66.40.

Insider Activity

In other news, CRO Mark Woodhams sold 24,408 shares of BlackLine stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the transaction, the executive now directly owns 72,920 shares of the company's stock, valued at $4,690,214.40. The trade was a 25.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.93% of the company's stock.

About BlackLine

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.