BlackLine (NASDAQ:BL) Hits New 1-Year Low – Should You Sell?

BlackLine (NASDAQ:BL)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $27.11 and last traded at $27.50, with a volume of 1565772 shares. The stock had previously closed at $30.63.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BL shares. Citigroup reduced their price objective on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 9th. Rosenblatt Securities reduced their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Truist Financial decreased their price target on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Finally, BMO Capital Markets upped their price target on BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, BlackLine has a consensus rating of “Hold” and a consensus price target of $43.67.

BlackLine Price Performance

The stock has a 50 day moving average of $34.00 and a two-hundred day moving average of $45.51. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $1.50 billion, a PE ratio of 60.31, a PEG ratio of 1.75 and a beta of 0.69.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to analyst estimates of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities analysts anticipate that BlackLine will post 1.1 EPS for the current year.

Hedge Funds Weigh In On BlackLine

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of BlackLine in the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new position in shares of BlackLine during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its position in BlackLine by 110.4% during the third quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after buying an additional 350 shares during the period. MAI Capital Management raised its position in BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after buying an additional 700 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in BlackLine in the 4th quarter worth about $40,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackLine Company Profile

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.