Brokerages Set BlackLine (NASDAQ:BL) PT at $43.67

Shares of BlackLine (NASDAQ:BL) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.6667.

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a research report on Thursday, June 4th. Rosenblatt Securities lowered their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets raised their price target on shares of BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Citigroup reduced their price target on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, DA Davidson decreased their price objective on shares of BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th.

Insider Buying and Selling

In other news, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $28.48, for a total value of $85,440.00. Following the transaction, the director directly owned 16,692 shares in the company, valued at $475,388.16. This trade represents a 15.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory Hughes sold 1,637 shares of BlackLine stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director directly owned 7,755 shares of the company’s stock, valued at $234,588.75. The trade was a 17.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of BlackLine during the 3rd quarter valued at about $25,000. Kestra Advisory Services LLC bought a new position in shares of BlackLine in the 4th quarter worth approximately $28,000. MAI Capital Management boosted its holdings in shares of BlackLine by 10,000.0% in the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after buying an additional 700 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of BlackLine in the fourth quarter worth approximately $40,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in BlackLine during the third quarter valued at approximately $38,000. Institutional investors own 95.13% of the company’s stock.

BlackLine Price Performance

Shares of NASDAQ BL opened at $29.88 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of 69.49 and a beta of 0.66. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. The company has a 50 day moving average of $28.73 and a 200 day moving average of $38.37.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The business 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 company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, research analysts expect that BlackLine will post 1.1 EPS for the current fiscal 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.