BlackLine (NASDAQ:BL) Given Consensus Rating of “Hold” by Brokerages

BlackLine (NASDAQ:BL) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research 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 brokers that have issued ratings on the stock in the last year is $43.6667.

A number of equities analysts recently issued reports on BL shares. DA Davidson reduced their target price on BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. BMO Capital Markets raised their target price on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 6th. Truist Financial reduced their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Weiss Ratings downgraded BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 9th. Finally, Morgan Stanley cut their price target on BlackLine from $68.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th.

BlackLine Stock Performance

Shares of BL stock opened at $30.48 on Wednesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 70.88 and a beta of 0.66. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. The business has a fifty day moving average of $31.87 and a 200 day moving average of $43.06. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57.

BlackLine (NASDAQ:BL) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $183.16 million during the quarter, compared to analyst estimates of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter 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 earnings per share for the current year.

Insiders Place Their Bets

In other BlackLine news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director directly owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On BlackLine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew its position in BlackLine by 13,828.6% during the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock worth $36,000 after purchasing an additional 968 shares during the period. Lavelle Capital LP acquired a new stake in BlackLine during the 1st quarter worth about $596,000. Glenmede Trust Co. NA grew its position in BlackLine by 20.7% during the 1st quarter. Glenmede Trust Co. NA now owns 27,199 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 4,656 shares during the period. Cim Investment Management Inc. grew its position in BlackLine by 89.9% during the 1st quarter. Cim Investment Management Inc. now owns 11,660 shares of the technology company’s stock worth $431,000 after purchasing an additional 5,521 shares during the period. Finally, California State Teachers Retirement System grew its position in BlackLine by 23.0% during the 1st quarter. California State Teachers Retirement System now owns 62,541 shares of the technology company’s stock worth $2,314,000 after purchasing an additional 11,706 shares during the period. 95.13% of the stock is owned by institutional investors and hedge funds.

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.