Wall Street Zen Upgrades BlackLine (NASDAQ:BL) to Buy

BlackLine (NASDAQ:BL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

BL has been the topic of several other research reports. Robert W. Baird set a $50.00 price target on shares of BlackLine in a research report on Wednesday, February 11th. Citigroup cut their price objective on BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. BMO Capital Markets decreased their target price on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Morgan Stanley reiterated an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a report on Wednesday, February 11th. Finally, DA Davidson lowered their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.00.

BlackLine Stock Performance

NASDAQ BL opened at $37.37 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 93.43, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00. BlackLine has a twelve month low of $31.75 and a twelve month high of $59.57. The stock has a fifty day simple moving average of $46.21 and a 200-day simple moving average of $51.71.

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

Institutional Investors Weigh In On BlackLine

Hedge funds and other institutional investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine during the third quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new stake in BlackLine during the 2nd quarter worth about $27,000. Kestra Advisory Services LLC purchased a new position in shares of BlackLine in the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in shares of BlackLine by 110.4% in the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after acquiring an additional 350 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of BlackLine during the 3rd quarter worth about $38,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

BlackLine Company Profile

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.