Blackline (NASDAQ:BL) posted its earnings results on Thursday. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19, Bloomberg Earnings reports. The business had revenue of $80.26 million for the quarter, compared to analyst estimates of $77.77 million. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%.
NASDAQ BL traded up $2.35 during trading on Friday, hitting $67.35. The stock had a trading volume of 967,430 shares, compared to its average volume of 442,648. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -120.27 and a beta of 0.73. Blackline has a one year low of $42.23 and a one year high of $65.32. The stock has a 50 day simple moving average of $58.28 and a 200 day simple moving average of $52.10.
A number of research analysts recently weighed in on BL shares. BidaskClub raised Blackline from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 18th. Oppenheimer reaffirmed a “buy” rating and issued a $79.00 price target on shares of Blackline in a report on Friday. TheStreet raised shares of Blackline from a “d+” rating to a “c” rating in a report on Monday, October 28th. Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Piper Sandler raised shares of Blackline from a “neutral” rating to an “overweight” rating and increased their price target for the company from $60.00 to $78.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.00.
Blackline Company Profile
BlackLine, Inc provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.
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