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

BlackLine (NASDAQ:BL) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.24 and last traded at $37.34, with a volume of 2269712 shares changing hands. The stock had previously closed at $38.61.

Wall Street Analyst Weigh In

BL has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of 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 raised BlackLine to a “hold” rating in a research report on Monday, February 2nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $70.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. BMO Capital Markets cut their price objective on shares of BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a research report on Friday, November 7th. Finally, Cantor Fitzgerald lowered their target price on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Five equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.00.

BlackLine Price Performance

The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 2.80 and a beta of 0.86. The company’s 50 day moving average is $52.00 and its 200 day moving average is $53.12. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.52.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $183.18 million during the quarter, compared to the consensus estimate of $182.98 million. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm 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. Research analysts forecast that BlackLine will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of BlackLine

Several large investors have recently modified their holdings of the business. Nexpoint Asset Management L.P. acquired a new position in shares of BlackLine during the 4th quarter worth approximately $1,960,000. AQR Capital Management LLC raised its holdings in shares of BlackLine by 20.5% in the fourth quarter. AQR Capital Management LLC now owns 12,409 shares of the technology company’s stock worth $686,000 after acquiring an additional 2,107 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of BlackLine in the fourth quarter valued at $240,000. Westerly Capital Management LLC acquired a new stake in shares of BlackLine during the fourth quarter valued at $4,976,000. Finally, Engaged Capital LLC boosted its stake in shares of BlackLine by 138.8% during the fourth quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock valued at $59,913,000 after acquiring an additional 629,825 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

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.