DA Davidson Issues Negative Forecast for BlackLine Earnings

BlackLine, Inc. (NASDAQ:BL) – Research analysts at DA Davidson dropped their Q1 2025 earnings estimates for shares of BlackLine in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst W. Jellison now forecasts that the technology company will earn $0.14 per share for the quarter, down from their previous estimate of $0.15. DA Davidson has a “Buy” rating and a $55.00 price target 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 $0.76 EPS and FY2026 earnings at $0.69 EPS.

Several other analysts have also commented on BL. Citigroup dropped their target price on BlackLine from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group dropped their price objective on shares of BlackLine from $51.00 to $43.00 and set a “sell” rating on the stock in a research note on Thursday. Bank of America upgraded shares of BlackLine from an “underperform” rating to a “buy” rating and boosted their target price for the company from $50.00 to $75.00 in a research note on Thursday, January 30th. Truist Financial dropped their price target on shares of BlackLine from $55.00 to $40.00 and set a “hold” rating on the stock in a research report on Monday, April 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $86.00 target price on shares of BlackLine in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.00.

BlackLine Price Performance

Shares of BL opened at $44.44 on Wednesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 30.65, a P/E/G ratio of 10.80 and a beta of 0.97. The business’s 50-day moving average is $48.51 and its two-hundred day moving average is $56.10. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.69 and a current ratio of 2.59. BlackLine has a fifty-two week low of $40.82 and a fifty-two week high of $66.25.

BlackLine (NASDAQ:BL) last released 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BL. BDF Gestion purchased a new stake in shares of BlackLine in the first quarter valued at about $1,937,000. Stanley Laman Group Ltd. grew its stake in shares of BlackLine by 6.0% in the 1st quarter. Stanley Laman Group Ltd. now owns 98,879 shares of the technology company’s stock valued at $4,788,000 after buying an additional 5,566 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of BlackLine during the 1st quarter worth approximately $1,065,000. Procyon Advisors LLC raised its position in shares of BlackLine by 21.6% during the 1st quarter. Procyon Advisors LLC now owns 7,834 shares of the technology company’s stock valued at $379,000 after buying an additional 1,392 shares during the period. Finally, NBC Securities Inc. raised its position in shares of BlackLine by 100,075.0% during the 1st quarter. NBC Securities Inc. now owns 8,014 shares of the technology company’s stock valued at $388,000 after buying an additional 8,006 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BlackLine

In related news, CRO Mark Woodhams sold 9,088 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $49.67, for a total transaction of $451,400.96. Following the completion of the sale, the executive now owns 65,414 shares of the company’s stock, valued at approximately $3,249,113.38. This represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.93% of the company’s stock.

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.