At the time of writing, BlackLine Inc [BL] stock is trading at $48.27, down -1.47%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BL shares have lost -2.13% over the last week, with a monthly amount drifted -25.62%, and not 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 30, 2025, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $75 from $50. Previously, Citigroup upgraded its rating to Buy on January 16, 2025, and kept the price target unchanged to $73. On January 06, 2025, downgrade downgraded it’s rating to Underweight but maintained its price target of $60 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $70 on September 30, 2024. Piper Sandler upgraded its rating to a Neutral and raised its price target to $62 on April 23, 2024. In a note dated February 14, 2024, William Blair downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of BlackLine Inc fluctuated between $43.37 and $69.31. Currently, Wall Street analysts expect the stock to reach $63.5 within the next 12 months. BlackLine Inc [NASDAQ: BL] shares were valued at $48.27 at the most recent close of the market. An investor can expect a potential return of 31.55% based on the average BL price forecast.
Analyzing the BL fundamentals
According to BlackLine Inc [NASDAQ:BL], the company’s sales were 653.34M for trailing twelve months, which represents an 8.82% jump. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.45 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.05.
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 47.81 points at the first support level, and at 47.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.16, and for the 2nd resistance point, it is at 50.06.
Ratios To Look Out For
It is important to note that BlackLine Inc [NASDAQ:BL] has a current ratio of 2.59. As well, the Quick Ratio is 2.59, while the Cash Ratio is 2.1. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 6.79 and price to earnings (TTM) ratio is 21.68.
Transactions by insiders
Recent insider trading involved Woodhams Mark, Chief Revenue Officer, that happened on Feb 21 ’25 when 9088.0 shares were sold. Officer, Woodhams Mark completed a deal on Feb 21 ’25 to buy 9088.0 shares. Meanwhile, Chief Revenue Officer Woodhams Mark sold 24408.0 shares on Dec 12 ’24.
