BlackLine, Inc. (BL)

NASDAQ: BL · Real-Time Price · USD
63.43
+0.92 (1.47%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.47%
Market Cap 3.96B
Revenue (ttm) 639.61M
Net Income (ttm) 126.83M
Shares Out 62.49M
EPS (ttm) 0.98
PE Ratio 64.71
Forward PE 29.19
Dividend n/a
Ex-Dividend Date n/a
Volume 718,593
Open 61.70
Previous Close 62.51
Day's Range 61.70 - 63.93
52-Week Range 43.37 - 69.31
Beta 0.91
Analysts Hold
Price Target 66.00 (+4.05%)
Earnings Date Feb 11, 2025

About BL

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company’s also provides jour... [Read more]

Sector Technology
IPO Date Oct 28, 2016
Employees 1,750
Stock Exchange NASDAQ
Ticker Symbol BL
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for BL stock is "Hold." The 12-month stock price forecast is $66.0, which is an increase of 4.05% from the latest price.

Price Target
$66.0
(4.05% upside)
Analyst Consensus: Hold
Stock Forecasts

News

BlackLine: Acceleration To Mid-Teens Revenue Growth Is Possible

I reiterate my buy rating for BlackLine due to its potential to accelerate growth to mid-teens, triggering an upward valuation rerating. BL's strategic shift towards larger enterprise customers and th...

3 days ago - Seeking Alpha

BlackLine Recognized as a Leader in 2024 IDC MarketScape for Worldwide Accounts Receivable Automation Applications for the Enterprise

LOS ANGELES, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ: BL), the future-ready platform for the Office of the CFO, today announced its designation as a Leader in the IDC MarketScape: Worldwid...

16 days ago - GlobeNewsWire

BlackLine Announces Participation in Upcoming Investor Conference

LOS ANGELES, Nov. 26, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following upcoming investor conference:

25 days ago - GlobeNewsWire

BlackLine Launches Studio360 Platform to Drive Future-Ready Financial Operations for the Office of the CFO

LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today unveiled The BlackLine Studio360 Platform, a groundbreaking advancemen...

4 weeks ago - GlobeNewsWire

BlackLine Recognized as Most Innovative FinTech Solution by the 2024 Tech Ascension Awards

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, has been recognized as the Most Innovative FinTech Solution by the 2024 Tech...

4 weeks ago - GlobeNewsWire

BlackLine Welcomes Philippe Omer Decugis as Senior Vice President and General Manager for Europe

LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the appointment of Philippe Omer Decugis as Senior Vice Pres...

5 weeks ago - GlobeNewsWire

BlackLine Announces Date for Investor Day

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will host its upcoming Investor Day on November 19th, 2024 in Orlando, FL at 1:00pm ET. The event wi...

5 weeks ago - GlobeNewsWire

UPDATE - BlackLine Honors 2024 Modern Accounting Award Winners: ExxonMobil, Gonzaga University, Red Wing Shoes, Treasury Wine Estates, Aimbridge Hospitality, Delaware North, and Sound Community Bank

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its...

5 weeks ago - GlobeNewsWire

BlackLine Honors 2024 Modern Accounting Award Winners: ExxonMobil, Gonzaga University, Red Wing Shoes, Treasury Wine Estates, Ambridge Hospitality, Delaware North, and Sound Community Bank

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, today announced the winners of its 2024 Modern Accounting Awards. Now in its...

5 weeks ago - GlobeNewsWire

BlackLine, Inc. (BL) Q3 2024 Earnings Call Transcript

BlackLine, Inc. (NASDAQ:BL) Q3 2024 Results Conference Call November 7, 2024 5:00 PM ET Company Participants Matt Humphries - Vice President of Investor Relations Owen Ryan - Co-Chief Executive Offic...

6 weeks ago - Seeking Alpha

BlackLine Announces the Planned Retirement of Chief Financial Officer and Names Successor

LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), today announced that after nearly 10 years as BlackLine's Chief Financial Officer, Mark Partin has decided to retire, effec...

6 weeks ago - GlobeNewsWire

BlackLine Announces Third Quarter Financial Results

LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL), today announced financial results for the third quarter ended September 30, 2024.

6 weeks ago - GlobeNewsWire

BlackLine Is Expanding Net Profit Margins Fast

BlackLine, a financial automation software firm, targets enterprise customers, automating financial close processes to improve cash flows and financial reporting accuracy. Founded by Therese Tucker, B...

7 weeks ago - Seeking Alpha

BlackLine Honored with Multiple Consecutive Industry Accolades

Digital finance transformation leader continues to make a significant impact with market-leading solutions and corporate social responsibility, earning 5th consecutive TrustRadius and G2 awards Digita...

7 weeks ago - GlobeNewsWire

BlackLine Announces Date for Third Quarter 2024 Earnings Release and Conference Call

LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the third quarter ended September 30, 2024 after market close on ...

2 months ago - GlobeNewsWire

BlackLine Named a Leader in IDC MarketScape: Worldwide Office of the CFO Record to Report, 2024

LOS ANGELES, Oct. 03, 2024 (GLOBE NEWSWIRE) -- BlackLine, the future-ready platform for the Office of the CFO, today announced it has been named a Leader in IDC MarketScape: Worldwide Office of the CF...

2 months ago - GlobeNewsWire

Is BlackLine a ‘Buy' after Morgan Stanley raises target to $70?

Morgan Stanley has upgraded BlackLine Inc (NASDAQ: BL) and raised its price target to $70 from $60. Analyst Chris Quintero highlights the company's underappreciated margin expansion and sees an attrac...

2 months ago - Invezz

David Henshall Joins BlackLine Board of Directors

Henshall brings significant experience in enterprise software and possesses unmatched expertise in finance, strategy, and technology development

3 months ago - GlobeNewsWire

BlackLine Ranked Exemplary Leader by Ventana Research in Financial Close Buyers Guide 2024

LOS ANGELES, Sept. 17, 2024 (GLOBE NEWSWIRE) -- BlackLine (NASDAQ: BL), the future-ready platform for the Office of the CFO, today announced that it was named an Exemplary Vendor and Overall Leader in...

3 months ago - GlobeNewsWire

Activist investor Jana built stake in BlackLine Systems in second quarter

Activist investor Jana Partners built a new stake in U.S. enterprise software company BlackLine Systems during the second quarter, according to a regulatory filing on Wednesday.

4 months ago - Reuters

BlackLine, Inc. (BL) Q2 2024 Earnings Call Transcript

BlackLine, Inc. (NASDAQ:BL) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Matt Humphries - Vice President of Investor Relations Owen Ryan - Co-Chief Executive Office...

4 months ago - Seeking Alpha

BlackLine Announces Second Quarter Financial Results

LOS ANGELES, Aug. 06, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL), today announced financial results for the second quarter ended June 30, 2024.

4 months ago - GlobeNewsWire

BlackLine Announces Date for Second Quarter 2024 Earnings Release and Conference Call

LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2024 after market close on Tues...

5 months ago - GlobeNewsWire

BlackLine: Attractive Business Trading At An Appealing Multiple

I recommended a buy due to BL mission-critical solution for enterprises, expected low-teens growth rate, and large TAM. BL automates accounting processes for large enterprises globally, with a focus o...

5 months ago - Seeking Alpha

New Solution Developed by BlackLine to be Sold as an SAP Solution Extension

SAP Account Substantiation and Automation by BlackLine, financial review option, is the latest market-leading solution extension from BlackLine to be sold by SAP LOS ANGELES , June 4, 2024 /PRNewswire...

7 months ago - PRNewsWire