What is DA Davidson's Estimate for BlackLine Q1 Earnings?

BlackLine, Inc. (NASDAQ:BL - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for BlackLine in a note issued to investors on Tuesday, April 1st. DA Davidson analyst W. Jellison anticipates that the technology company will post earnings per share of $0.15 for the quarter. DA Davidson has a "Buy" rating and a $58.00 price objective on the stock. The consensus estimate for BlackLine's current full-year earnings is $0.90 per share. DA Davidson also issued estimates for BlackLine's FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.87 EPS.

BlackLine (NASDAQ:BL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a net margin of 24.67% and a return on equity of 21.63%.

A number of other research firms have also issued reports on BL. Bank of America raised BlackLine from an "underperform" rating to a "buy" rating and raised their price target for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. JMP Securities reissued a "market outperform" rating and issued a $86.00 target price on shares of BlackLine in a report on Wednesday, January 15th. BMO Capital Markets decreased their price target on BlackLine from $68.00 to $60.00 and set a "market perform" rating for the company in a report on Wednesday, February 12th. Citigroup cut their price objective on shares of BlackLine from $73.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Piper Sandler lowered their target price on shares of BlackLine from $60.00 to $58.00 and set an "underweight" rating on the stock in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, BlackLine presently has a consensus rating of "Hold" and a consensus target price of $64.27.

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BlackLine Stock Performance

BlackLine stock traded down $0.12 during midday trading on Thursday, hitting $42.71. 585,681 shares of the company's stock were exchanged, compared to its average volume of 803,495. The firm's 50 day simple moving average is $52.41 and its 200 day simple moving average is $56.70. BlackLine has a 12-month low of $40.82 and a 12-month high of $69.09. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.69 and a current ratio of 2.59. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 10.80 and a beta of 0.97.

Insider Buying and Selling

In other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $49.67, for a total value of $451,400.96. Following the sale, the executive now directly owns 65,414 shares of the company's stock, valued at approximately $3,249,113.38. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of BlackLine by 3,665.1% in the 1st quarter. GAMMA Investing LLC now owns 23,871 shares of the technology company's stock worth $1,156,000 after buying an additional 23,237 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of BlackLine in the 4th quarter worth about $4,361,000. Castleark Management LLC purchased a new position in shares of BlackLine in the 4th quarter worth about $1,510,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of BlackLine by 32.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,535 shares of the technology company's stock valued at $9,572,000 after purchasing an additional 38,463 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of BlackLine during the 4th quarter worth about $365,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

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.