BlackLine (BL) Stock Price, News & Analysis

Company Overview

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company's also provides journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers blackline cash application, and credit and risk, collections, disputes and deductions, and team and task management, as well as AR intelligence solutions and electronic invoicing and compliance. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.

Key Stats

• Today's Range: $56.70 to $58.55
• 50-Day Range: $48.88 to $62.52
• 52-Week Range: $43.37 to $69.31
• Volume: 1.09 million shs
• Average Volume: 882,899 shs
• Market Capitalization: $3.66 billion
• P/E Ratio: 59.72
• Dividend Yield: N/A
• Price Target: $63.60
• Consensus Rating: Hold

BlackLine Stock Analysis - MarketRank™

BlackLine scored higher than 65% of companies evaluated by MarketBeat, and ranked 213th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

BlackLine has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 4 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

BlackLine has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.00%

Earnings Growth

Earnings for BlackLine are expected to grow by 4.00% in the coming year, from $1.00 to $1.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BlackLine is 59.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of BlackLine is 59.72, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.76.

Price to Earnings Growth Ratio

BlackLine has a PEG Ratio of 13.95. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

BlackLine has a P/B Ratio of 13.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.04% of the float of BlackLine has been sold short.

Short Interest Ratio / Days to Cover

BlackLine has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in BlackLine has recently decreased by 0.65%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BlackLine does not currently pay a dividend.

Dividend Growth

BlackLine does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.70

Percentage of Shares Shorted

9.04% of the float of BlackLine has been sold short.

Short Interest Ratio / Days to Cover

BlackLine has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in BlackLine has recently decreased by 0.65%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.47

News Sentiment

BlackLine has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for BlackLine this week, compared to 6 articles on an average week.

Search Interest

16 people have searched for BL on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added BlackLine to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, BlackLine insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,560,534.00 in company stock.

Percentage Held by Insiders

Only 9.53% of the stock of BlackLine is held by insiders.

Percentage Held by Institutions

95.13% of the stock of BlackLine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BL Stock Analysis - Frequently Asked Questions

How have BL shares performed this year?

BlackLine's stock was trading at $62.44 at the beginning of the year. Since then, BL stock has decreased by 6.3% and is now trading at $58.53.
View the best growth stocks for 2024 here.

How were BlackLine's earnings last quarter?

BlackLine, Inc. (NASDAQ:BL) posted its earnings results on Tuesday, August, 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The company's quarterly revenue was up 11.0% compared to the same quarter last year.

When did BlackLine IPO?

BlackLine (BL) raised $120 million in an initial public offering (IPO) on Friday, October 28th 2016. The company issued 8,600,000 shares at a price of $13.00-$15.00 per share. Goldman Sachs and J.P. Morgan acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, William Blair and Baird were co-managers.

Who are BlackLine's major shareholders?

Top institutional investors of BlackLine include FMR LLC (8.25%), State Street Corp (3.37%), Conestoga Capital Advisors LLC (2.85%) and Geode Capital Management LLC (2.05%). Insiders that own company stock include Marc Huffman, Mark Partin, Owen Ryan, Karole Morgan-Prager, Mark Woodhams, Peter Hirsch, Thomas Unterman, Jimmy C Duan, Kevin B Thompson, Barbara Whye and Therese Tucker.
View institutional ownership trends.

How do I buy shares of BlackLine?

Shares of BL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BlackLine own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BlackLine investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:BL
• CUSIP: N/A
• CIK: 1666134
• Web: www.blackline.com
• Phone: (818) 223-9008
• Fax: N/A
• Employees: 1,750
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $63.60
• High Stock Price Target: $81.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +8.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.98
• Trailing P/E Ratio: 59.72
• Forward P/E Ratio: 58.53
• P/E Growth: 13.95
• Net Income: $58.17 million
• Net Margins: 19.83%
• Pretax Margin: 21.54%
• Return on Equity: 31.02%
• Return on Assets: 4.92%

Debt

• Debt-to-Equity Ratio: 2.42
• Current Ratio: 2.69
• Quick Ratio: 2.69

Sales & Book Value

• Annual Sales: $590 million
• Price / Sales: 6.20
• Cash Flow: $1.41 per share
• Price / Cash Flow: 41.60
• Book Value: $4.26 per share
• Price / Book: 13.74

Miscellaneous

• Outstanding Shares: 62,490,000
• Free Float: 56,531,000
• Market Cap: $3.66 billion
• Optionable: Optionable
• Beta: 0.90