BlackLine (NASDAQ:BL) Updates Q1 2025 Earnings Guidance

BlackLine (NASDAQ:BL) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.360-0.390 for the period, compared to the consensus EPS estimate of 0.520. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $170.6 million. BlackLine also updated its FY 2025 guidance to 1.970-2.100 EPS.

Analyst Upgrades and Downgrades

BL has been the topic of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $86.00 price target on shares of BlackLine in a research report on Wednesday, January 15th. Piper Sandler dropped their price objective on shares of BlackLine from $60.00 to $58.00 and set an “underweight” rating for the company in a research note on Wednesday. Truist Financial raised their target price on shares of BlackLine from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Citigroup raised shares of BlackLine from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday, January 16th. Finally, Bank of America upgraded BlackLine from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $75.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.90.

BlackLine Stock Down 17.4 %

BL traded down $11.04 during trading hours on Wednesday, reaching $52.36. 841,339 shares of the stock traded hands, compared to its average volume of 559,188. BlackLine has a fifty-two week low of $43.37 and a fifty-two week high of $69.31. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 9.14 and a beta of 0.92. The firm’s fifty day simple moving average is $61.84 and its two-hundred day simple moving average is $56.69.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, February 11th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). BlackLine had a return on equity of 31.02% and a net margin of 19.83%. As a group, analysts forecast that BlackLine will post 1 earnings per share for the current fiscal year.

Insider Activity at BlackLine

In related news, CRO Mark Woodhams sold 24,408 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $64.32, for a total transaction of $1,569,922.56. Following the completion of the transaction, the executive now directly owns 72,920 shares in the company, valued at $4,690,214.40. This represents a 25.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.