What is DA Davidson’s Estimate for BlackLine Q1 Earnings?

BlackLine, Inc. (NASDAQ:BL) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of BlackLine in a report released on Tuesday, April 1st. DA Davidson analyst W. Jellison expects that the technology company will post earnings of $0.15 per share for the quarter. DA Davidson has a “Buy” rating and a $58.00 price objective on the stock. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share. DA Davidson also issued estimates for BlackLine’s FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.87 EPS.

A number of other analysts also recently commented on the stock. Truist Financial decreased their price objective on shares of BlackLine from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut BlackLine from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. BMO Capital Markets reduced their price objective on BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. Piper Sandler lowered their target price on BlackLine from $60.00 to $58.00 and set an “underweight” rating on the stock in a report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $86.00 price target on shares of BlackLine in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.64.

BlackLine Stock Performance

NASDAQ:BL opened at $44.10 on Thursday. The firm’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $56.69. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00. The stock has a market cap of $2.78 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 10.80 and a beta of 0.97. BlackLine has a fifty-two week low of $43.02 and a fifty-two week high of $69.09.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%.

Insider Activity at BlackLine

In other BlackLine news, CRO Mark Woodhams sold 9,088 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $49.67, for a total transaction of $451,400.96. Following the transaction, the executive now owns 65,414 shares of the company’s stock, valued at $3,249,113.38. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 9.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BlackLine

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in BlackLine by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 290,775 shares of the technology company’s stock worth $16,033,000 after buying an additional 34,919 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of BlackLine in the third quarter worth approximately $1,506,000. Charles Schwab Investment Management Inc. grew its holdings in BlackLine by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 495,222 shares of the technology company’s stock valued at $27,307,000 after purchasing an additional 20,027 shares during the period. JPMorgan Chase & Co. increased its position in BlackLine by 35.3% during the third quarter. JPMorgan Chase & Co. now owns 1,666,591 shares of the technology company’s stock worth $91,896,000 after purchasing an additional 435,271 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in BlackLine by 20.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,113,882 shares of the technology company’s stock worth $128,439,000 after purchasing an additional 354,784 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

About BlackLine

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.