Brokerages Set BlackLine (NASDAQ:BL) Target Price at $41.83

Shares of BlackLine (NASDAQ:BL) have earned an average rating of “Hold” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.8333.

Several research firms have recently weighed in on BL. Rosenblatt Securities cut their price target on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Bank of America began coverage on BlackLine in a research note on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price objective (down from $50.00) on shares of BlackLine in a report on Tuesday, July 21st. Citigroup cut their target price on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th.

Insider Activity at BlackLine

In related news, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the completion of the transaction, the director directly owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Hughes sold 1,637 shares of BlackLine stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the completion of the transaction, the director owned 7,755 shares of the company’s stock, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackLine

Several hedge funds have recently made changes to their positions in BL. Measured Wealth Private Client Group LLC purchased a new stake in BlackLine during the 3rd quarter worth about $25,000. Kestra Advisory Services LLC bought a new position in BlackLine in the 4th quarter worth about $28,000. Optiver Holding B.V. grew its holdings in BlackLine by 13,828.6% during the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after buying an additional 968 shares in the last quarter. Bayforest Capital Ltd purchased a new position in BlackLine during the 4th quarter valued at about $40,000. Finally, Leonteq Securities AG increased its position in shares of BlackLine by 1,019.6% during the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after buying an additional 989 shares during the period. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackLine Trading Up 1.5%

Shares of BL stock opened at $32.43 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. The firm has a market cap of $1.90 billion, a P/E ratio of 75.42 and a beta of 0.66. The company has a 50 day moving average of $28.74 and a 200-day moving average of $34.81. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.BlackLine’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Sell-side analysts anticipate that BlackLine will post 1.1 earnings per share for the current year.

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.