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Blackline Inc (BL)
NASDAQ:BL
BlackLine (BL) Stock Price & Analysis
978 Followers
BL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$47.27 - $69.31
Previous Close$60.43
Volume521.03K
Average Volume (3M)1.06M
Market Cap
$3.76B
Enterprise Value$3.95B
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$1.41B
Price to Earnings (P/E)56.5
Beta1.22
Next Earnings
Aug 01, 2024EPS Estimate
$0.5Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.07
Shares Outstanding61,520,108
10 Day Avg. Volume681,161
30 Day Avg. Volume1,056,282
Standard Deviation0.11
R-Squared0.19
Alpha-0.00142
Financial Highlights & Ratios
Price to Book (P/B)-14.03
Price to Sales (P/S)23.98
Price to Cash Flow (P/CF)22.20
P/FCF Ratio25.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.90
Enterprise Value/Gross Profit8.92
Enterprise Value/Ebitda56.39
Forecast
1Y Price Target
$62.80Price Target Upside2.73% Upside
Rating ConsensusHold
Number of Analyst Covering12
BlackLine News
PremiumCompany Announcements
BlackLine Inc Welcomes Camille Drummond to Board
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBlackLine reported first-quarter results that exceeded consensus on revenue and earnings, showing the company's ability to surpass market expectations.
Operational EfficiencyManagement's focus on profitability and cost reductions, demonstrated by improved net revenue retention and operating leverage, signals a stronger financial position for BlackLine.
Strategic DevelopmentsThe acceleration of SAP cloud backlog growth by 28% suggests a robust demand environment for BlackLine's offerings, particularly through its strategic partnership with SAP.
Bears Say
Company PerformanceThe company saw a few large deals slip in the quarter, which drove lower-than-expected billings growth.
Financial GuidanceThe company provided conservative guidance for the upcoming year that does not factor in any recovery, potentially indicating limited growth prospects.
Market CompetitionBlackLine faces headwinds such as enterprise saturation and increasing competition in the mid-market, which are expected to persist.
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Ownership Overview
12.18% Insiders
36.65% Mutual Funds
35.18% Other Institutional Investors
15.99% 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 Aug 01, 2024 which is in 84 days.
How were Blackline Inc’s earnings last quarter?
Blackline Inc released its earnings results on May 07, 2024. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.469 by $0.071.
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 $0.5.
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 $0.54 in its last earnings report, beating expectations of $0.469. Following the earnings report the stock price went same N/A.
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:
$62.80 (2.73% Upside)
$62.80 (2.73% Upside)
Blogger Sentiment
Neutral
BL Sentiment 58%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 473.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.7%
Last 30 Days ▼ 4.4%
Last 30 Days ▼ 4.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.28%
12-Months-Change
Fundamentals
Return on Equity
38.14%
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
Q1 2024
0:00 / 0:00
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BL Stock 12 Month Forecast
Average Price Target
$62.80
▲(2.73% Upside)
Technical Analysis
Best Analysts Covering BL
1 Year
1 Year Success Rate
18/33 ratings generated profit
1 Year Average Return
+8.07%
reiterated a buy rating 3 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 +8.07% per trade.
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