BlackLine (NASDAQ:BL – Free Report) had its price objective trimmed by Rosenblatt Securities from $46.00 to $45.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.
A number of other brokerages have also recently commented on BL. DA Davidson reduced their price target on BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday. Wall Street Zen upgraded BlackLine from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. BMO Capital Markets upped their price target on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday. Morgan Stanley reduced their price target on BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald reduced their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BlackLine presently has an average rating of “Hold” and an average target price of $47.55.
Read Our Latest Stock Report on BL
BlackLine Stock Performance
BlackLine (NASDAQ:BL – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $183.16 million during the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a return on equity of 18.17% and a net margin of 3.71%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, analysts expect that BlackLine will post 1.01 EPS for the current year.
Institutional Trading of BlackLine
Several institutional investors have recently made changes to their positions in BL. Measured Wealth Private Client Group LLC purchased a new stake in shares of BlackLine during the third quarter worth about $25,000. Kestra Advisory Services LLC bought a new position in BlackLine during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in BlackLine during the third quarter valued at approximately $38,000. Finally, MAI Capital Management boosted its stake 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 last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.
Key Stories Impacting BlackLine
Here are the key news stories impacting BlackLine this week:
- Positive Sentiment: Management raised Q2 and FY 2026 guidance (Q2 EPS 0.570–0.590 vs. consensus ~0.52; FY EPS 2.420–2.530 vs. ~2.13), which implies stronger profitability ahead and supports upside potential. Press Release
- Positive Sentiment: Q1 results showed revenue ~ $183.2M (up ~9.7% YoY) and the company reported EPS above some consensus figures, evidence of improving execution and margin expansion that underpins management’s raised guidance. Q1 Results
- Positive Sentiment: Analyst support remains — Morgan Stanley kept a Buy and $50 target, Rosenblatt retains a Buy (target trimmed slightly to $45), and several firms modestly raised targets, giving investors multiple favorable third?party views on upside. MS Analyst Note Rosenblatt Note
- Neutral Sentiment: Company highlights platform pricing aiming to capture 25%+ of eligible ARR — a meaningful monetization lever but one that will take quarters to realize and is execution?sensitive. Platform Pricing
- Neutral Sentiment: Earnings call transcript, presentation and deep dives are available for further detail — investors should review management’s comments on AI/Verity adoption and mid?market dynamics to size the sustainability of growth. Earnings Transcript
- Negative Sentiment: Several reports flagged slower customer growth and mid?market churn headwinds that could pressure near?term ARR trends and investor sentiment; that dynamic likely explains some of the pullback despite the guidance beat. Deep Dive Sales Beat but Growth Slows
- Negative Sentiment: Some data outlets published conflicting metric summaries (e.g., alternative EPS presentations), adding short?term confusion; plus a number of analysts remain cautious on valuation, which can cap immediate upside. Quiver Note
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.
See Also
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