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Blackline Inc (BL)
NASDAQ:BL
BlackLine (BL) Stock Price & Analysis
984 Followers
BL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.80 - $69.31
Previous Close$48.29
Volume832.82K
Average Volume (3M)1.04M
Market Cap
$2.99B
Enterprise Value$3.22B
Total Cash (Recent Filing)$1.20B
Total Debt (Recent Filing)$1.41B
Price to Earnings (P/E)46.1
Beta1.42
Next Earnings
Aug 01, 2024EPS Estimate
$0.5Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.05
Shares Outstanding61,817,410
10 Day Avg. Volume904,656
30 Day Avg. Volume1,038,327
Standard Deviation0.11
R-Squared0.17
Alpha-0.00594
Financial Highlights & Ratios
Price to Book (P/B)-9.29
Price to Sales (P/S)4.80
Price to Cash Flow (P/CF)16.80
P/FCF Ratio19.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.62
Enterprise Value/Gross Profit7.27
Enterprise Value/Ebitda41.51
Forecast
1Y Price Target
$64.17Price Target Upside32.88% Upside
Rating ConsensusHold
Number of Analyst Covering7
BlackLine News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceTotal revenue increased ~13.3% y/y to $157.5mm in 1Q, ~180bps better than expected.
Product DemandManagement discussed recent AI product releases and the solid demand trends for its new Journals Risk Analyser solution.
Strategic InitiativesThe company recently announced a new chief technology officer to focus on further innovation of the platform and a new chief customer officer to lead the company’s efforts with partner engagement and customer retention.
Bears Say
Customer RetentionCustomer expansion deals were also challenged, evident in its net revenue retention (NRR) metric shrinking by 1pt q/q to 105%.
Financial PerformanceBillings of $145.6M was below consensus $151.6M.
Revenue GrowthStrategic Products represented ~20% of revenue, which is below target range of 25-30%.
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Ownership Overview
12.33% Insiders
36.77% Mutual Funds
24.25% Other Institutional Investors
26.65% 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 $43.80 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 26 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 61,817,410 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 down -1.522%.
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
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$64.17 (32.88% Upside)
$64.17 (32.88% Upside)
Blogger Sentiment
Neutral
BL Sentiment 58%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 564.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $593.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 0.1%
Last 30 Days ▼ 0.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.52%
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 Revenue Breakdown
94.16% Subscription and support
5.84% Professional services
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BL Stock 12 Month Forecast
Average Price Target
$64.17
▲(32.88% Upside)
Technical Analysis
Best Analysts Covering BL
1 Year
1 Year Success Rate
13/34 ratings generated profit
1 Year Average Return
+3.95%
reiterated a buy rating 2 months ago
Copying Robert Oliver's trades and holding each position for 1 Year would result in 38.24% of your transactions generating a profit, with an average return of +3.95% per trade.
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