William Blair Forecasts BlackLine’s Q3 Earnings (NASDAQ:BL)

BlackLine, Inc. (NASDAQ:BL) – Analysts at William Blair raised their Q3 2025 earnings estimates for BlackLine in a note issued to investors on Wednesday, May 21st. William Blair analyst J. Roberge now forecasts that the technology company will earn $0.26 per share for the quarter, up from their prior forecast of $0.25. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share. William Blair also issued estimates for BlackLine’s Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.29 EPS and FY2026 earnings at $1.08 EPS.

Several other analysts have also commented on BL. DA Davidson decreased their price target on shares of BlackLine from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley decreased their price target on shares of BlackLine from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup decreased their price target on shares of BlackLine from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial increased their price target on shares of BlackLine from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets decreased their price target on shares of BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.75.

BlackLine Stock Up 1.9%

NASDAQ:BL opened at $55.19 on Monday. The firm has a market cap of $3.44 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94. The company has a 50-day moving average of $48.93 and a 200 day moving average of $54.96. BlackLine has a 1-year low of $40.82 and a 1-year high of $66.25. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.69.

Institutional Investors Weigh In On BlackLine

A number of institutional investors have recently added to or reduced their stakes in BL. Hawk Ridge Capital Management LP grew its stake in BlackLine by 124.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,959,945 shares of the technology company’s stock valued at $94,901,000 after acquiring an additional 1,086,185 shares during the period. Topline Capital Management LLC acquired a new stake in BlackLine in the 4th quarter valued at $60,572,000. American Century Companies Inc. grew its stake in BlackLine by 12,538.0% in the 4th quarter. American Century Companies Inc. now owns 896,665 shares of the technology company’s stock valued at $54,481,000 after acquiring an additional 889,570 shares during the period. First Manhattan CO. LLC. grew its stake in BlackLine by 408.7% in the 1st quarter. First Manhattan CO. LLC. now owns 815,975 shares of the technology company’s stock valued at $39,510,000 after acquiring an additional 655,565 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in BlackLine by 106.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company’s stock valued at $57,443,000 after acquiring an additional 611,499 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Transactions at BlackLine

In related news, CRO Mark Woodhams sold 1,856 shares of BlackLine stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total value of $101,430.40. Following the sale, the executive now owns 61,390 shares of the company’s stock, valued at approximately $3,354,963.50. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.