BlackLine’s (BL) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of BlackLine (NASDAQ:BL) in a research report report published on Wednesday,Benzinga reports. Cantor Fitzgerald currently has a $36.00 price objective on the technology company’s stock.

BL has been the subject of several other research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a report on Tuesday, April 28th. Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Rosenblatt Securities dropped their price target on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Truist Financial decreased their price objective on BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Finally, BMO Capital Markets increased their price objective on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.08.

BlackLine Stock Performance

Shares of BL stock opened at $29.55 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.70. The company has a fifty day moving average price of $29.12 and a two-hundred day moving average price of $33.80. The stock has a market cap of $1.72 billion, a P/E ratio of 51.84, a P/E/G ratio of 1.80 and a beta of 0.64. BlackLine has a one year low of $24.70 and a one year high of $59.57.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The company had revenue of $187.82 million during the quarter, compared to analysts’ expectations of $186.99 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. As a group, equities analysts predict that BlackLine will post 1.08 EPS 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 shares were 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 in the company, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director directly owned 16,692 shares in the company, valued at approximately $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackLine

Several institutional investors and hedge funds have recently added to or reduced their stakes in BL. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine during the 3rd quarter worth $25,000. Kestra Advisory Services LLC acquired a new position in BlackLine during the fourth quarter worth about $28,000. Bayforest Capital Ltd bought a new position in shares of BlackLine in the fourth quarter worth about $40,000. Optiver Holding B.V. lifted its holdings in shares of BlackLine by 13,828.6% in the first quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock worth $36,000 after acquiring an additional 968 shares during the last quarter. Finally, Leonteq Securities AG grew its holdings in shares of BlackLine by 1,019.6% during the 1st quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after purchasing an additional 989 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

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.