BlackLine (NASDAQ:BL) Issues FY 2025 Earnings Guidance

BlackLine (NASDAQ:BL) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.080-2.130 for the period, compared to the consensus EPS estimate of 1.640. The company issued revenue guidance of $699.0 million-$701.0 million, compared to the consensus revenue estimate of $700.2 million. BlackLine also updated its Q4 2025 guidance to 0.580-0.610 EPS.

BlackLine Stock Down 0.2%

NASDAQ BL traded down $0.10 on Thursday, reaching $56.82. The company had a trading volume of 1,184,810 shares, compared to its average volume of 1,298,993. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 9.34 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.64 and a current ratio of 1.64. BlackLine has a 1-year low of $40.82 and a 1-year high of $66.25. The company’s fifty day moving average is $53.38 and its 200-day moving average is $53.60.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $172.03 million during the quarter, compared to analyst estimates of $170.87 million. BlackLine had a net margin of 13.05% and a return on equity of 15.95%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. On average, research analysts forecast that BlackLine will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BL has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $56.00 target price on shares of BlackLine in a research note on Wednesday, August 6th. Raymond James Financial raised shares of BlackLine from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, July 29th. Zacks Research raised shares of BlackLine from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Truist Financial boosted their price target on shares of BlackLine from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Finally, Citigroup reissued a “market outperform” rating on shares of BlackLine in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.55.

Insider Activity at BlackLine

In related news, Director Thomas Unterman sold 910 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $55.00, for a total value of $50,050.00. Following the completion of the transaction, the director owned 41,835 shares of the company’s stock, valued at $2,300,925. This represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michelle D. Stalick sold 664 shares of the stock in a transaction that occurred 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 directly owned 23,830 shares of the company’s stock, valued at approximately $1,287,534.90. The trade was a 2.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,394 shares of company stock worth $186,026 in the last quarter. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackLine

Large investors have recently modified their holdings of the business. Jump Financial LLC bought a new stake in BlackLine in the 2nd quarter valued at about $2,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackLine by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after buying an additional 1,814 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in BlackLine in the 2nd quarter valued at about $1,322,000. Intech Investment Management LLC increased its position in BlackLine by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after buying an additional 5,682 shares in the last quarter. Finally, Brevan Howard Capital Management LP increased its position in shares of BlackLine by 103.5% during the second quarter. Brevan Howard Capital Management LP now owns 10,323 shares of the technology company’s stock worth $584,000 after acquiring an additional 5,250 shares in the last quarter. Institutional investors 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.