BlackLine (NASDAQ:BL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BlackLine (NASDAQ:BL) from a hold rating to a buy rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the company. Citizens Jmp restated a “market outperform” rating and issued a $70.00 price target on shares of BlackLine in a report on Wednesday, February 11th. Citigroup decreased their target price on BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. DA Davidson dropped their price target on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Piper Sandler upgraded shares of BlackLine to a “hold” rating in a research report on Monday, February 2nd. Finally, Robert W. Baird set a $50.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.00.

BlackLine Price Performance

Shares of NASDAQ BL opened at $37.14 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. BlackLine has a one year low of $31.75 and a one year high of $59.57. The firm has a market capitalization of $2.21 billion, a P/E ratio of 92.85, a PEG ratio of 2.71 and a beta of 0.91. The company’s fifty day moving average is $45.80 and its two-hundred day moving average is $51.59.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. During the same quarter last year, the business earned $0.47 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Analysts forecast that BlackLine will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackLine

Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine in the third quarter worth $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of BlackLine during the second quarter valued at $27,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackLine during the fourth quarter valued at $28,000. Versant Capital Management Inc increased its position in BlackLine by 110.4% during the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in BlackLine during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

About BlackLine

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.