BlackLine Inc [BL] stock prices are up 4.33% to $55.14 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BL shares have gain 7.61% over the last week, with a monthly amount glided 10.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BlackLine Inc [NASDAQ: BL] stock has seen the most recent analyst activity on September 30, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $70 from $60. Previously, Piper Sandler upgraded its rating to Neutral on April 23, 2024, and elevated its price target to $62. On March 18, 2024, Wolfe Research initiated with a Peer Perform rating. William Blair downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to a Underweight and raised its price target to $60 on January 02, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on May 22, 2023, and assigned it a price target of $60. In a note dated May 08, 2023, Citigroup upgraded an Neutral rating on this stock.
The stock price of BlackLine Inc [BL] has been fluctuating between $43.37 and $69.31 over the past year. Currently, Wall Street analysts expect the stock to reach $96.83 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $55.14 at the most recent close of the market. An investor can expect a potential return of 75.61% based on the average BL price forecast.
Analyzing the BL fundamentals
The BlackLine Inc [NASDAQ:BL] reported sales of 624.40M for trailing twelve months, representing a surge of 11.02%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.45 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.37 points at the first support level, and at 51.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.69, and for the 2nd resistance point, it is at 58.25.
Ratios To Look Out For
It’s worth pointing out that BlackLine Inc [NASDAQ:BL]’s Current Ratio is 1.95. As well, the Quick Ratio is 1.95, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 5.49, the price to book ratio is 10.52 and price to earnings (TTM) ratio is 32.90.
Transactions by insiders
Recent insider trading involved Partin Mark, Officer, that happened on Sep 30 ’24 when 85308.0 shares were purchased. CHIEF FINANCIAL OFFICER, Partin Mark completed a deal on Sep 27 ’24 to sell 5648.0 shares. Meanwhile, Officer Morgan-Prager Karole bought 10000.0 shares on Sep 30 ’24.
