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Blackline Inc (BL)
NASDAQ:BL
Holding BL?
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BL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.37 - $69.31
Previous Close$58.63
Volume1.15M
Average Volume (3M)666.73K
Market Cap
$3.65B
Enterprise Value$3.79B
Total Cash (Recent Filing)$1.05B
Total Debt (Recent Filing)$1.16B
Price to Earnings (P/E)35.0
Beta1.45
Next Earnings
Nov 07, 2024EPS Estimate
$0.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.68
Shares Outstanding62,175,084
10 Day Avg. Volume525,981
30 Day Avg. Volume666,732
Standard Deviation0.11
R-Squared0.19
Alpha-0.00242
Financial Highlights & Ratios
Price to Book (P/B)11.19
Price to Sales (P/S)5.58
Price to Cash Flow (P/CF)21.40
P/FCF Ratio23.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.07
Enterprise Value/Gross Profit8.56
Enterprise Value/Ebitda17.80
Forecast
1Y Price Target
$64.20Price Target Upside9.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
BlackLine News
PremiumCompany Announcements
BlackLine Appoints Former Citrix CEO to Board of Directors
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBlackLine reported a solid Q2'24, featuring a top- and bottom-line beat and raise of full-year 2024 guidance.
Market OpportunityBlackLine is viewed as an attractive opportunity for capital appreciation due to its large market opportunity estimated at $39B.
Strategic PartnershipsWith a strong go-to-market relationship with SAP, BlackLine is well-positioned for stable low-teens growth amid upcoming ERP upgrades.
Bears Say
Financial PerformanceThe path to accelerating revenue growth likely involves higher investment, which could lower free cash flow margins.
Net Revenue RetentionNet revenue retention was 104% in 2Q24, marking the second straight quarter of decline, affected by elevated churn in the mid-market.
Sales And DemandIn an otherwise uneven demand environment where the sales pipeline is still depressed and mid-market churn persists, potential catalysts to improved growth are taking time to emerge.
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Ownership Overview
9.48% Insiders
29.56% Mutual Funds
9.79% Other Institutional Investors
26.51% 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 $43.37 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 Nov 07, 2024 which is today.
How were Blackline Inc’s earnings last quarter?
Blackline Inc released its earnings results on Aug 06, 2024. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.508 by $0.072.
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 $0.52.
How many shares outstanding does Blackline Inc have?
Blackline Inc has 62,175,083 shares outstanding.
What happened to Blackline Inc’s price movement after its last earnings report?
Blackline Inc reported an EPS of $0.58 in its last earnings report, beating expectations of $0.508. Following the earnings report the stock price went up 11.885%.
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 24M.
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BlackLine Stock Smart Score
Unlock Smart Score
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$64.20 (9.50% Upside)
$64.20 (9.50% Upside)
Blogger Sentiment
Bullish
BL Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 45.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $279.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.99%
12-Months-Change
Fundamentals
Return on Equity
48.40%
Trailing 12-Months
Asset Growth
-4.29%
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
Q2 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
$64.20
▲(9.50% Upside)
Technical Analysis
Best Analysts Covering BL
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+37.62%
assigned a sell rating 3 months ago
Copying Koji Ikeda's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +37.62% per trade.
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