BlackLine Inc [BL] stock prices are up 5.15% to $64.90 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BL shares have gain 6.05% over the last week, with a monthly amount glided 4.04%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
BlackLine Inc [NASDAQ: BL] stock has seen the most recent analyst activity on January 16, 2025, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $73 for it. Previously, Piper Sandler downgraded its rating to Underweight on January 06, 2025, and kept the price target unchanged to $60. On September 30, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $70 on the stock. Piper Sandler upgraded its rating to a Neutral and increased its price target to $62 on April 23, 2024. Wolfe Research initiated its recommendation with a Peer Perform. William Blair downgraded its rating to Mkt Perform for this stock on February 14, 2024. In a note dated January 02, 2024, Piper Sandler downgraded an Underweight rating on this stock and boosted its target price from $53 to $60.
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 $60.75 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $64.90 at the most recent close of the market. An investor can expect a potential drop of -6.39% based on the average BL price forecast.
Analyzing the BL fundamentals
The BlackLine Inc [NASDAQ:BL] reported sales of 639.61M for trailing twelve months, representing a surge of 10.09%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.41 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.49.
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 62.57 points at the first support level, and at 60.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.18, and for the 2nd resistance point, it is at 67.47.
Ratios To Look Out For
It’s worth pointing out that BlackLine Inc [NASDAQ:BL]’s Current Ratio is 2.69. Also, the Quick Ratio is 2.69, while the Cash Ratio stands at 1.92. Considering the valuation of this stock, the price to sales ratio is 6.34, the price to book ratio is 11.01 and price to earnings (TTM) ratio is 37.22.
Transactions by insiders
Recent insider trading involved Woodhams Mark, Chief Revenue Officer, that happened on Dec 12 ’24 when 24408.0 shares were sold. Officer, Woodhams Mark completed a deal on Dec 12 ’24 to buy 24408.0 shares. Meanwhile, CHIEF LEGAL AND ADMINISTRATIVE Morgan-Prager Karole sold 50181.0 shares on Nov 08 ’24.
