BlackLine (NASDAQ:BL) Earns “Market Outperform” Rating from Citizens Jmp

BlackLine (NASDAQ:BL)‘s stock had its “market outperform” rating reaffirmed by Citizens Jmp in a research note issued on Wednesday,Benzinga reports. They currently have a $70.00 price objective on the technology company’s stock. Citizens Jmp’s target price would indicate a potential upside of 63.27% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of BlackLine in a research report on Wednesday. Piper Sandler upgraded BlackLine to a “hold” rating in a research report on Monday, February 2nd. DA Davidson upgraded BlackLine to a “hold” rating in a research report on Monday, November 10th. BMO Capital Markets cut their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BlackLine in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.62.

BlackLine Price Performance

NASDAQ BL traded down $1.46 on Wednesday, hitting $42.88. The stock had a trading volume of 304,720 shares, compared to its average volume of 1,089,732. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 8.17 and a beta of 0.86. BlackLine has a 52-week low of $40.82 and a 52-week high of $59.57. The firm has a 50-day moving average of $53.91 and a 200-day moving average of $53.67. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.52 and a current ratio of 1.52.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The company had revenue of $183.18 million during the quarter, compared to analyst estimates of $182.98 million. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Equities analysts expect that BlackLine will post 0.9 EPS for the current year.

Hedge Funds Weigh In On BlackLine

Several institutional investors have recently bought and sold shares of BL. Norges Bank purchased a new position in shares of BlackLine in the 4th quarter worth $80,787,000. Ensign Peak Advisors Inc lifted its holdings in shares of BlackLine by 2,460.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 520,325 shares of the technology company’s stock valued at $29,461,000 after acquiring an additional 500,000 shares during the last quarter. Teacher Retirement System of Texas grew its position in BlackLine by 5,776.8% in the fourth quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock worth $26,300,000 after acquiring an additional 467,571 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in BlackLine by 720.9% during the third quarter. Balyasny Asset Management L.P. now owns 191,695 shares of the technology company’s stock worth $10,179,000 after acquiring an additional 168,344 shares during the last quarter. Finally, Ananym Capital Management LP raised its position in BlackLine by 37.5% during the third quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock valued at $23,497,000 after purchasing an additional 120,590 shares during the period. Institutional investors own 95.13% of the company’s stock.

Key Headlines Impacting BlackLine

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q4 results showed an EPS beat and solid profitability improvements — BlackLine reported $0.63 GAAP (non‑GAAP EPS also $0.63 reported) and revenue of ~$183.2M with non‑GAAP operating margin rising to 24.7%, which supports the narrative of improving unit economics. Press Release
• Positive Sentiment: Record bookings and recurring revenue backlog — billings and remaining performance obligations grew, indicating demand and a more predictable revenue stream. Management highlighted platform adoption, the WiseLayer AI acquisition and new FedRAMP listing as growth/leverage drivers. Quiver / Release Summary
• Positive Sentiment: Analyst support remains: Rosenblatt reaffirmed a Buy with a $62 target and Bank of America reiterated Buy with a $65 target — these higher targets reinforce upside narratives for investors who focus on analyst valuation gaps. Rosenblatt via Benzinga BofA / TipRanks
• Neutral Sentiment: Cantor Fitzgerald lowered its price target from $58 to $50 and moved to a Neutral rating — the new target still implies upside from current levels but signals more cautious near‑term expectations. The Fly
• Neutral Sentiment: Some analysts (e.g., William Blair) are maintaining Hold/Hold-like views, noting that recent fundamental improvements may already be reflected in valuation — mixed street views create dispersion in targets. TipRanks / William Blair
• Negative Sentiment: Near-term guidance was mixed — FY2026 EPS guidance ($2.37–2.48) was slightly above consensus, but Q1 2026 EPS guidance ($0.44–0.46) came in below consensus, which is a short‑term headwind for estimates. Guidance in Press Release
• Negative Sentiment: GAAP net income and operating cash flow weakened significantly year‑over‑year (GAAP net income down sharply; operating cash flow and free cash flow declined), which raises near‑term liquidity and earnings quality questions for some investors. Quiver Analysis
• Negative Sentiment: Activist pressure: Engaged Capital has launched a proxy effort targeting the board, adding governance uncertainty that can depress the stock until outcomes are clearer. Yahoo / Activist Report

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.