BlackLine (NASDAQ:BL) Reaches New 1-Year Low – Time to Sell?

BlackLine (NASDAQ:BL)’s share price reached 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

Several analysts have issued reports on the company. Cantor Fitzgerald dropped their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Robert W. Baird set a $50.00 target price on shares of BlackLine in a research report on Wednesday, February 11th. BMO Capital Markets reduced their target price on shares of 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 restated an “overweight” rating and set a $68.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BlackLine has an average rating of “Hold” and a consensus target price of $56.00.

BlackLine Trading Down 2.3%

The firm’s 50 day moving average is $50.68 and its 200 day moving average is $52.78. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.52. The company has a market cap of $2.15 billion, a PE ratio of 38.15, a PEG ratio of 2.68 and a beta of 0.86.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $182.98 million. During the same period last year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, equities analysts anticipate that BlackLine will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Manhattan CO. LLC. raised its position in shares of BlackLine by 16.3% during the 4th quarter. First Manhattan CO. LLC. now owns 2,428,604 shares of the technology company’s stock valued at $134,278,000 after buying an additional 340,606 shares in the last quarter. Norges Bank purchased a new stake in BlackLine during the fourth quarter valued at about $80,787,000. Engaged Capital LLC raised its position in 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 purchasing an additional 629,825 shares in the last quarter. Geneva Capital Management LLC lifted its stake in BlackLine by 5.6% during the second quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company’s stock worth $52,335,000 after purchasing an additional 49,292 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of BlackLine by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 882,078 shares of the technology company’s stock worth $48,776,000 after purchasing an additional 23,943 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

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.