BlackLine (NASDAQ:BL) Hits New 12-Month Low – Time to Sell?

BlackLine (NASDAQ:BL) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.11 and last traded at $27.50, with a volume of 1565772 shares changing hands. The stock had previously closed at $30.63.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BL shares. Robert W. Baird set a $40.00 target price on BlackLine in a research report on Wednesday, May 6th. Piper Sandler upped their target price on BlackLine from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 9th. Truist Financial cut their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 target price on shares of BlackLine in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.27.

BlackLine Stock Down 10.2%

The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $1.61 billion, a P/E ratio of 63.95, a P/E/G ratio of 2.15 and a beta of 0.69. The stock has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $45.90.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business had revenue of $183.16 million during the quarter, compared to the consensus estimate of $181.00 million. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Research analysts forecast that BlackLine will post 1.04 EPS for the current year.

Institutional Investors Weigh In On BlackLine

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in BlackLine by 22.9% during the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after buying an additional 184 shares during the last quarter. Amalgamated Bank grew its stake in BlackLine by 1.3% during the 3rd quarter. Amalgamated Bank now owns 15,143 shares of the technology company’s stock worth $804,000 after buying an additional 191 shares during the last quarter. Blue Trust Inc. grew its stake in BlackLine by 3.7% during the 4th quarter. Blue Trust Inc. now owns 7,157 shares of the technology company’s stock worth $396,000 after buying an additional 256 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BlackLine by 15.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock worth $117,000 after buying an additional 301 shares during the last quarter. Finally, Two Sigma Securities LLC grew its stake in BlackLine by 4.7% during the 2nd quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company’s stock worth $377,000 after buying an additional 301 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

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.