BlackLine, Inc. (BL)

NASDAQ: BL · IEX Real-Time Price · USD
52.61
-0.19 (-0.36%)
Sep 27, 2023, 4:00 PM EDT - Market closed
-0.36%
Market Cap 3.21B
Revenue (ttm) 557.78M
Net Income (ttm) 10.13M
Shares Out 60.98M
EPS (ttm) 0.10
PE Ratio 535.50
Forward PE 33.07
Dividend n/a
Ex-Dividend Date n/a
Volume 683,586
Open 53.46
Previous Close 52.80
Day's Range 52.49 - 53.79
52-Week Range 48.22 - 77.90
Beta 0.85
Analysts Hold
Price Target 63.45 (+20.6%)
Earnings Date Nov 2, 2023

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 high volumes of individual transactions; and task management to create and manage processes and task lists. The company's financial close management solutions also include journal entry that allows users to gen... [Read more]

Sector Technology
IPO Date Oct 28, 2016
Employees 1,814
Stock Exchange NASDAQ
Ticker Symbol BL
Full Company Profile

Financial Performance

In 2022, BlackLine's revenue was $522.94 million, an increase of 22.84% compared to the previous year's $425.71 million. Losses were -$29.39 million, -74.48% less than in 2021.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for BL stock is "Hold." The 12-month stock price forecast is $63.45, which is an increase of 20.60% from the latest price.

Price Target
$63.45
(20.60% upside)
Analyst Consensus: Hold
Stock Forecasts

News

BlackLine Names Human Resources Leader Mary Ainsworth as Chief People Officer

Cloud software industry veteran to continue to nurture and evolve customer-first organization built on innovation, agility, and inclusion LOS ANGELES , Sept. 26, 2023 /PRNewswire/ -- BlackLine, Inc. (...

1 day ago - PRNewsWire

BlackLine Launches AI-Enabled Intercompany Accounting Tool

BlackLine, a cloud finance software company, has begun the rollout of its artificial intelligence (AI)-enabled intercompany accounting capabilities.  This new solution, known as Intercompany Predictiv...

14 days ago - PYMNTS

BlackLine Announces Industry's First AI-Enabled Intercompany Accounting Capabilities

Intercompany Predictive Guidance significantly reduces transaction failure rates, eliminates costly rework, and expedites processing across the transaction lifecycle LOS ANGELES , Sept. 12, 2023 /PRNe...

15 days ago - PRNewsWire

BlackLine BeyondTheBlack™ 2023 to Feature James Hardie, Nodaway Valley Bank, Red Wing Shoes,and Starbucks Among 35+ Customers Speaking

Industry-leading customers, Deloitte, EY, and SAP to share insights on top-of-mind digital finance transformation topics, including the use of AI in Finance and Accounting LOS ANGELES , Sept. 11, 2023...

16 days ago - PRNewsWire

BlackLine Honors 2023 Modern Accounting Award Winners: CVS Health, Barentz, Kimberly-Clark, Premier Trailer Leasing, Nippon Express Holdings, and Boeing

Leading organizations from around the world recognized for embracing modern accounting to drive transformational outcomes LOS ANGELES , Aug. 30, 2023 /PRNewswire/ -- Digital finance transformation lea...

4 weeks ago - PRNewsWire

BlackLine Wins 'Tech Cares' Award for Impactful Corporate Social Responsibility Programs

Digital finance transformation leader also named 'Company of the Year' at the San Fernando Valley Business Journal's 2023 Diversity, Equity + Inclusion Awards LOS ANGELES , Aug. 17, 2023 /PRNewswire/ ...

5 weeks ago - PRNewsWire

BlackLine Founder and Co-CEO Therese Tucker Named a Judge for 2023 Forbes Cloud 100

Since its inclusion in the first-ever Cloud 100, BlackLine has gone public, expanded into adjacent markets, and continues to help companies around the world embrace modern accounting LOS ANGELES , Aug...

6 weeks ago - PRNewsWire

BlackLine Announces Second Quarter Financial Results

LOS ANGELES, Aug. 08, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc.  (Nasdaq: BL), today announced financial results for the second quarter ended June 30, 2023.

7 weeks ago - GlobeNewsWire

BlackLine Delivers Industry's First Five-Day Fast Track Implementation

Midsize companies can now 'Go Live in 5' on the industry's leading financial close management platform LOS ANGELES , Aug. 2, 2023 /PRNewswire/ -- Breaking industry barriers again, accounting automatio...

2 months ago - PRNewsWire

BlackLine Announces Date for Second Quarter 2023 Earnings Release and Conference Call

LOS ANGELES, July 25, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the second quarter ended June 30, 2023 after market close on Tues...

2 months ago - GlobeNewsWire

BlackLine Chief Information Security Officer Named to 2023 CISOs Connect™ Top 100

Jill Knesek recognized for her contributions delivering trusted and secure accounting automation software solutions to thousands of customers worldwide LOS ANGELES , July 20, 2023 /PRNewswire/ -- Blac...

2 months ago - PRNewsWire

99% of Stakeholders Surveyed by BlackLine Report Challenges with Intercompany Accounting Processes

New research reveals growing challenges are impacting business outcomes, talent retention and more LOS ANGELES , June 6, 2023 /PRNewswire/ -- A global survey commissioned by accounting automation soft...

4 months ago - PRNewsWire

BlackLine Announces Participation in Upcoming Investor Conferences

LOS ANGELES, May 16, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL) today announced that BlackLine's management team will participate in the following upcoming investor conferences:

4 months ago - GlobeNewsWire

BlackLine Continues Asia-Pacific Expansion

New office, leadership and data center to enhance customer experience and fuel company growth LOS ANGELES and SYDNEY and SINGAPORE , May 15, 2023 /PRNewswire/ -- Accounting automation software leader ...

4 months ago - PRNewsWire

AGL Energy, Cobram Estate, Lion and Officeworks Among Customers Speaking at BeyondTheBlack APAC 2023

Industry leading customers, Deloitte, EY and SAP® to share digital finance transformation and accounting automation best practices at BlackLine annual events in Sydney and Melbourne LOS ANGELES and SY...

4 months ago - PRNewsWire

BlackLine Announces First Quarter Financial Results

LOS ANGELES, May 04, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL), today announced financial results for the first quarter ended March 31, 2023.

5 months ago - GlobeNewsWire

BlackLine Announces Date for First Quarter 2023 Earnings Release and Conference Call

LOS ANGELES, April 20, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the first quarter ended March 31, 2023 after market close on Thu...

5 months ago - GlobeNewsWire

Bayer, Covestro, Royal HaskoningDHV, T-Mobile and Trivium Packaging Among 15+ Customers Speaking at BeyondTheBlack EMEA 2023

Industry leading customers, Deloitte, EY and SAP® to share digital finance transformation and accounting automation best practices at BlackLine annual European conference LOS ANGELES and LONDON , Marc...

7 months ago - PRNewsWire

BlackLine Announces Leadership Succession as it Drives Growth Strategy

Therese Tucker and Owen Ryan Appointed Co-Chief Executive Officers

7 months ago - GlobeNewsWire

BlackLine Named to G2's Annual Best Accounting and Finance Software List 4th Year in a Row

Accounting automation software leader recognized by customers for ease-of-use, support teams, workflow and reporting capabilities LOS ANGELES , March 2, 2023 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: B...

7 months ago - PRNewsWire

BlackLine Joins Forces with Kofax to Add Globally Compliant Electronic Invoicing Capabilities to Accounts Receivable Automation Solutions

BlackLine AR Automation combined with Kofax's global business transaction network creates end-to-end solution for automated invoice-to-cash efficiency LOS ANGELES , Feb. 22, 2023 /PRNewswire/ -- Accou...

7 months ago - PRNewsWire

BlackLine Announces Fourth Quarter and Full Year Financial Results

LOS ANGELES, Feb. 14, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL), today announced financial results for the fourth quarter and full year ended December 31, 2022.

8 months ago - GlobeNewsWire

Nominations Open for 2023 Modern Accounting Awards from BlackLine

Annual global awards program recognizes organizations that have embraced modern accounting to drive transformational outcomes LOS ANGELES , Feb. 8, 2023 /PRNewswire/ -- Accounting automation software ...

8 months ago - PRNewsWire

BlackLine Announces Date for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

LOS ANGELES, Jan. 31, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2022 after ma...

8 months ago - GlobeNewsWire

BlackLine Board Names Owen Ryan Chair; Adds Experienced Industry Leadership to Board of Directors

Bruny Rios, CAO at Dell, and Amit Yoran, CEO and chairman at Tenable, bring extensive industry, digital finance transformation, compliance and cybersecurity experience to accounting automation softwar...

9 months ago - PRNewsWire