Analysts’ Recent Ratings Changes for BlackLine (BL)

BlackLine (NASDAQ: BL) recently received a number of ratings updates from brokerages and research firms:

• 1/30/2025 – BlackLine was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $75.00 price target on the stock, up previously from $50.00.
• 1/27/2025 – BlackLine was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/16/2025 – BlackLine was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $73.00 price target on the stock.
• 1/15/2025 – BlackLine had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $86.00 price target on the stock.
• 1/6/2025 – BlackLine was downgraded by analysts at Piper Sandler from a “neutral” rating to an “underweight” rating. They now have a $60.00 price target on the stock.
• 12/16/2024 – BlackLine had its price target raised by analysts at Citigroup Inc. from $64.00 to $73.00. They now have a “neutral” rating on the stock.

BlackLine Stock Up 0.6 %

Shares of NASDAQ:BL opened at $63.85 on Monday. The firm has a market capitalization of $3.99 billion, a PE ratio of 65.15, a price-to-earnings-growth ratio of 14.24 and a beta of 0.91. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.69 and a current ratio of 2.69. BlackLine, Inc. has a 52-week low of $43.37 and a 52-week high of $69.31. The firm has a fifty day moving average of $61.56 and a 200 day moving average of $55.95.

Insider Transactions at BlackLine

In other news, CRO Mark Woodhams sold 24,408 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $64.32, for a total value of $1,569,922.56. Following the completion of the sale, the executive now owns 72,920 shares of the company’s stock, valued at approximately $4,690,214.40. This represents a 25.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.93% of the company’s stock.

Institutional Trading of BlackLine

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of BlackLine in the second quarter worth $32,000. Global Retirement Partners LLC grew its holdings in BlackLine by 568.4% in the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after acquiring an additional 449 shares during the last quarter. GAMMA Investing LLC increased its position in shares of BlackLine by 41.2% in the fourth quarter. GAMMA Investing LLC now owns 634 shares of the technology company’s stock valued at $39,000 after acquiring an additional 185 shares during the period. Covestor Ltd raised its stake in shares of BlackLine by 31.9% during the third quarter. Covestor Ltd now owns 1,392 shares of the technology company’s stock valued at $77,000 after acquiring an additional 337 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of BlackLine by 19.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,266 shares of the technology company’s stock worth $77,000 after purchasing an additional 209 shares during the period. 95.13% of the stock is owned by institutional investors.

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.