FY2025 Earnings Estimate for BlackLine Issued By DA Davidson

BlackLine (NASDAQ:BL) – Research analysts at DA Davidson issued their FY2025 earnings estimates for shares of BlackLine in a note issued to investors on Monday, November 10th. DA Davidson analyst L. Schreiner forecasts that the technology company will post earnings of $0.85 per share for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share. DA Davidson also issued estimates for BlackLine’s Q4 2025 earnings at $0.26 EPS and FY2026 earnings at $1.00 EPS.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.11 million. BlackLine had a net margin of 11.07% and a return on equity of 14.51%. BlackLine’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS. Q4 2025 guidance at 0.580-0.610 EPS.

Other analysts also recently issued research reports about the company. Morgan Stanley raised their price objective on BlackLine from $68.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday. Truist Financial raised their price target on BlackLine from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Citigroup reiterated a “market outperform” rating on shares of BlackLine in a research report on Tuesday, October 28th. BMO Capital Markets dropped their target price on shares of BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a report on Friday, November 7th. Finally, Raymond James Financial upgraded shares of BlackLine from a “market perform” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.92.

BlackLine Trading Up 1.5%

BL opened at $55.27 on Wednesday. The firm’s fifty day moving average is $53.39 and its two-hundred day moving average is $53.90. The firm has a market cap of $3.29 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 8.99 and a beta of 1.02. BlackLine has a twelve month low of $40.82 and a twelve month high of $66.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.64 and a current ratio of 1.52.

Insiders Place Their Bets

In related news, CAO Michelle D. Stalick sold 664 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $54.03, for a total transaction of $35,875.92. Following the completion of the transaction, the chief accounting officer owned 23,830 shares in the company, valued at approximately $1,287,534.90. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Unterman sold 910 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $55.00, for a total transaction of $50,050.00. Following the completion of the transaction, the director directly owned 41,835 shares of the company’s stock, valued at approximately $2,300,925. This trade represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,394 shares of company stock worth $186,026. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Hawk Ridge Capital Management LP boosted its holdings in shares of BlackLine by 124.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,959,945 shares of the technology company’s stock valued at $94,901,000 after buying an additional 1,086,185 shares during the last quarter. Westwood Holdings Group Inc. raised its position in BlackLine by 106.4% during the first quarter. Westwood Holdings Group Inc. now owns 1,186,347 shares of the technology company’s stock worth $57,443,000 after acquiring an additional 611,499 shares in the last quarter. American Century Companies Inc. lifted its stake in BlackLine by 7.2% in the first quarter. American Century Companies Inc. now owns 961,341 shares of the technology company’s stock valued at $46,548,000 after acquiring an additional 64,676 shares during the last quarter. Geneva Capital Management LLC lifted its stake in BlackLine by 5.6% in the second quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company’s stock valued at $52,335,000 after acquiring an additional 49,292 shares during the last quarter. Finally, Tensile Capital Management LP grew its position in shares of BlackLine by 17.6% in the 1st quarter. Tensile Capital Management LP now owns 871,485 shares of the technology company’s stock valued at $42,197,000 after acquiring an additional 130,488 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

About BlackLine

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.