William Blair Has Bullish Forecast for BlackLine Q3 Earnings

BlackLine, Inc. (NASDAQ:BL) – Analysts at William Blair upped their Q3 2025 earnings per share (EPS) estimates for BlackLine in a research note issued to investors on Wednesday, May 21st. William Blair analyst J. Roberge now expects that the technology company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share. William Blair also issued estimates for BlackLine’s Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.29 EPS and FY2026 earnings at $1.08 EPS.

BL has been the subject of several other research reports. BMO Capital Markets decreased their price target on BlackLine from $68.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. Bank of America upgraded BlackLine from an “underperform” rating to a “buy” rating and upped their price target for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley decreased their price target on BlackLine from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Truist Financial upped their price target on BlackLine from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded BlackLine from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, BlackLine presently has a consensus rating of “Hold” and a consensus price target of $60.75.

BlackLine Trading Down 0.6%

Shares of BlackLine stock opened at $54.16 on Monday. The stock has a fifty day simple moving average of $48.82 and a 200 day simple moving average of $54.95. BlackLine has a 12-month low of $40.82 and a 12-month high of $66.25. The company has a market capitalization of $3.38 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94. The company has a current ratio of 2.59, a quick ratio of 2.69 and a debt-to-equity ratio of 2.00.

Hedge Funds Weigh In On BlackLine

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of BlackLine during the 4th quarter valued at about $31,000. Global Retirement Partners LLC increased its position in shares of BlackLine by 568.4% during the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock valued at $32,000 after purchasing an additional 449 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of BlackLine by 243.5% during the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company’s stock valued at $35,000 after purchasing an additional 414 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of BlackLine during the 4th quarter valued at about $50,000. Finally, Huntington National Bank increased its position in shares of BlackLine by 596.4% during the 4th quarter. Huntington National Bank now owns 968 shares of the technology company’s stock valued at $59,000 after purchasing an additional 829 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BlackLine news, CRO Mark Woodhams sold 1,856 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $54.65, for a total value of $101,430.40. Following the transaction, the executive now directly owns 61,390 shares in the company, valued at $3,354,963.50. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently owned by insiders.

BlackLine Company Profile

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.