BlackLine (NASDAQ:BL) Receives $45.27 Consensus Target Price from Analysts

BlackLine (NASDAQ:BL) has received an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $43.6667.

Several research analysts have commented on the company. Robert W. Baird set a $40.00 target price on BlackLine in a report on Wednesday, May 6th. DA Davidson dropped their price objective on BlackLine from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $50.00 price objective on shares of BlackLine in a research note on Wednesday, May 6th. Piper Sandler boosted their price objective on BlackLine from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets boosted their price objective on BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, May 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in shares of BlackLine by 228.3% in the 3rd quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock valued at $7,143,000 after purchasing an additional 93,544 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of BlackLine in the 3rd quarter valued at about $2,230,000. Ananym Capital Management LP lifted its stake in shares of BlackLine by 37.5% in the 3rd quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock valued at $23,497,000 after purchasing an additional 120,590 shares during the period. Gagnon Securities LLC lifted its stake in shares of BlackLine by 10.6% in the 3rd quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock valued at $14,811,000 after purchasing an additional 26,678 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of BlackLine in the 3rd quarter valued at about $1,101,000. 95.13% of the stock is owned by institutional investors and hedge funds.

BlackLine Stock Up 1.5%

Shares of BL opened at $27.25 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 63.37, a PEG ratio of 1.79 and a beta of 0.69. BlackLine has a 12 month low of $24.70 and a 12 month high of $59.57. The stock’s 50-day moving average price is $33.61 and its two-hundred day moving average price is $45.21. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. 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 anticipate that BlackLine will post 1.1 EPS for the current year.

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.