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Blackline Inc (BL)
NASDAQ:BL
BlackLine (BL) Stock Price & Analysis
976 Followers
BL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$47.27 - $69.31
Previous Close$61.46
Volume554.93K
Average Volume (3M)1.02M
Market Cap
$3.78B
Enterprise Value$4.02B
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$1.41B
Price to Earnings (P/E)87.8
Beta1.18
Next Earnings
May 07, 2024EPS Estimate
$0.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.70
Shares Outstanding61,520,108
10 Day Avg. Volume693,948
30 Day Avg. Volume1,017,406
Standard Deviation0.11
R-Squared0.18
Alpha0.00090
Financial Highlights & Ratios
Price to Book (P/B)-13.45
Price to Sales (P/S)24.28
Price to Cash Flow (P/CF)21.30
P/FCF Ratio24.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.01
Enterprise Value/Gross Profit9.06
Enterprise Value/Ebitda57.30
Forecast
1Y Price Target
$61.11Price Target Upside1.97% Upside
Rating ConsensusHold
Number of Analyst Covering11
BlackLine News
PremiumCompany Announcements
BlackLine Inc Welcomes Camille Drummond to Board
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBlackLine's solid fourth quarter results, with subscription growth, revenue, and profits beating expectations, signal strong financial health.
Product DevelopmentThe launch of Accounting Studio with high early adopter satisfaction could drive significant growth for BlackLine.
Strategic PartnershipsBlackLine's successful partnerships and improved mid-market sales team execution point to continued business expansion and market penetration.
Bears Say
Competitive ChallengesA competitor's partnership with SAP has been perceived as a threat to BlackLine's position in the midmarket.
Financial PerformanceThe stock decreased by 5% in the aftermarket and has been down 7% year-to-date, underperforming the Russell 3000.
Operational EfficiencyIncremental cost optimization opportunities become more challenging to come by.
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Ownership Overview
12.19% Insiders
36.65% Mutual Funds
24.77% Other Institutional Investors
26.39% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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BL FAQ
What was Blackline Inc’s price range in the past 12 months?
Blackline Inc lowest stock price was $47.27 and its highest was $69.31 in the past 12 months.
What is Blackline Inc’s market cap?
Currently, no data Available
When is Blackline Inc’s upcoming earnings report date?
Blackline Inc’s upcoming earnings report date is May 07, 2024 which is in 11 days.
How were Blackline Inc’s earnings last quarter?
Blackline Inc released its earnings results on Feb 13, 2024. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.549 by $0.141.
Is Blackline Inc overvalued?
According to Wall Street analysts Blackline Inc’s price is currently Undervalued.
Does Blackline Inc pay dividends?
Blackline Inc does not currently pay dividends.
What is Blackline Inc’s EPS estimate?
Blackline Inc’s EPS estimate is $0.47.
How many shares outstanding does Blackline Inc have?
Blackline Inc has 61,520,107 shares outstanding.
What happened to Blackline Inc’s price movement after its last earnings report?
Blackline Inc reported an EPS of $0.69 in its last earnings report, beating expectations of $0.549. Following the earnings report the stock price went up 0.463%.
Which hedge fund is a major shareholder of Blackline Inc?
Among the largest hedge funds holding Blackline Inc’s share is Barton Investment Management. It holds Blackline Inc’s shares valued at 37M.
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BlackLine Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$61.11 (1.97% Upside)
$61.11 (1.97% Upside)
Blogger Sentiment
Neutral
BL Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 473.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 5.3%
Last 30 Days ▼ 5.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.51%
12-Months-Change
Fundamentals
Return on Equity
28.35%
Trailing 12-Months
Asset Growth
8.08%
Trailing 12-Months
Company Description
Blackline Inc
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.
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BL Company Deck
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BL Earnings Call
Q4 2024
0:00 / 0:00
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BL Revenue Breakdown
94.16% Subscription and support
5.84% Professional services
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BL Stock 12 Months Forecast
Average Price Target
$61.11
▲(1.97% Upside)
Technical Analysis
Best Analysts Covering BL
1 Year
1 Year Success Rate
18/33 ratings generated profit
1 Year Average Return
+8.31%
reiterated a buy rating 2 months ago
Copying Robert Oliver's trades and holding each position for 1 Year would result in 54.55% of your transactions generating a profit, with an average return of +8.31% per trade.
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