BlackLine (NASDAQ:BL) Earns “Market Outperform” Rating from Citizens Jmp

BlackLine (NASDAQ:BL)‘s stock had its “market outperform” rating reaffirmed by equities researchers at Citizens Jmp in a report released on Wednesday,Benzinga reports. They currently have a $70.00 price objective on the technology company’s stock. Citizens Jmp’s price objective indicates a potential upside of 63.27% from the stock’s current price.

A number of other research firms have also recently commented on BL. Cantor Fitzgerald cut their target price on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of BlackLine in a research report on Tuesday. BMO Capital Markets reduced their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a research note on Friday, November 7th. Rosenblatt Securities reissued a “buy” rating and set a $62.00 target price on shares of BlackLine in a research note on Wednesday. Finally, Piper Sandler raised shares of BlackLine to a “hold” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.62.

BlackLine Trading Down 3.3%

BL stock traded down $1.46 during mid-day trading on Wednesday, reaching $42.88. 304,720 shares of the stock traded hands, compared to its average volume of 1,089,732. BlackLine has a one year low of $40.82 and a one year high of $59.57. The stock has a market capitalization of $2.55 billion, a PE ratio of 38.05, a PEG ratio of 8.17 and a beta of 0.86. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.52 and a current ratio of 1.52. The business has a 50-day moving average price of $53.91 and a two-hundred day moving average price of $53.67.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. BlackLine had a net margin of 11.07% and a return on equity of 14.51%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Equities research analysts expect that BlackLine will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BL. Bessemer Group Inc. lifted its position in BlackLine by 22.9% during the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after acquiring an additional 184 shares during the last quarter. Amalgamated Bank increased its position in shares of BlackLine by 1.3% during the third quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock worth $804,000 after purchasing an additional 191 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of BlackLine by 9.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,618 shares of the technology company’s stock valued at $148,000 after purchasing an additional 225 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of BlackLine by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 6,901 shares of the technology company’s stock valued at $366,000 after purchasing an additional 250 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of BlackLine by 14.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,383 shares of the technology company’s stock valued at $127,000 after purchasing an additional 294 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Key BlackLine News

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q4 results showed an EPS beat and solid profitability improvements — BlackLine reported $0.63 GAAP (non‑GAAP EPS also $0.63 reported) and revenue of ~$183.2M with non‑GAAP operating margin rising to 24.7%, which supports the narrative of improving unit economics. Press Release
• Positive Sentiment: Record bookings and recurring revenue backlog — billings and remaining performance obligations grew, indicating demand and a more predictable revenue stream. Management highlighted platform adoption, the WiseLayer AI acquisition and new FedRAMP listing as growth/leverage drivers. Quiver / Release Summary
• Positive Sentiment: Analyst support remains: Rosenblatt reaffirmed a Buy with a $62 target and Bank of America reiterated Buy with a $65 target — these higher targets reinforce upside narratives for investors who focus on analyst valuation gaps. Rosenblatt via Benzinga BofA / TipRanks
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $58 to $50 and moved to a Neutral rating — the new target still implies upside from current levels but signals more cautious near‑term expectations. The Fly
• Neutral Sentiment: Some analysts (e.g., William Blair) are maintaining Hold/Hold-like views, noting that recent fundamental improvements may already be reflected in valuation — mixed street views create dispersion in targets. TipRanks / William Blair
• Negative Sentiment: Near-term guidance was mixed — FY2026 EPS guidance ($2.37–2.48) was slightly above consensus, but Q1 2026 EPS guidance ($0.44–0.46) came in below consensus, which is a short‑term headwind for estimates. Guidance in Press Release
• Negative Sentiment: GAAP net income and operating cash flow weakened significantly year‑over‑year (GAAP net income down sharply; operating cash flow and free cash flow declined), which raises near‑term liquidity and earnings quality questions for some investors. Quiver Analysis
• Negative Sentiment: Activist pressure: Engaged Capital has launched a proxy effort targeting the board, adding governance uncertainty that can depress the stock until outcomes are clearer. Yahoo / Activist Report

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.