BlackLine (NASDAQ:BL) Reaches New 12-Month Low – What’s Next?

BlackLine (NASDAQ:BL) shares reached a new 52-week low on Tuesday . The stock traded as low as $32.36 and last traded at $32.55, with a volume of 3137918 shares traded. The stock had previously closed at $36.15.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citizens Jmp reissued a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Piper Sandler raised BlackLine to a “hold” rating in a research note on Monday, February 2nd. Cantor Fitzgerald cut their price target on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird set a $50.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BlackLine in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BlackLine has an average rating of “Hold” and a consensus target price of $56.00.

BlackLine Stock Up 3.6%

The stock has a 50-day moving average of $49.20 and a 200 day moving average of $52.40. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $2.00 billion, a PE ratio of 83.79, a P/E/G ratio of 2.36 and a beta of 0.86.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The company had revenue of $183.18 million during the quarter, compared to analyst estimates of $182.98 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Sell-side analysts anticipate that BlackLine will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BL. MidFirst Bank bought a new stake in BlackLine in the 4th quarter valued at about $139,000. Virtu Financial LLC bought a new position in BlackLine in the 4th quarter worth approximately $210,000. Mercer Global Advisors Inc. ADV bought a new stake in BlackLine during the 4th quarter valued at $216,000. Tudor Investment Corp ET AL purchased a new stake in shares of BlackLine during the fourth quarter worth $4,051,000. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of BlackLine by 1,966.6% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 112,010 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 106,590 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.