BlackLine Inc. (NASDAQ: BL) is -4.92% lower on its value in year-to-date trading and has touched a low of $48.73 and a high of $79.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BL stock was last observed hovering at around $62.77 in the last trading session, with the day’s gains setting it 1.19% off its average median price target of $64.50 for the next 12 months. It is also 26.48% off the consensus price target high of $87.00 offered by 15 analysts, but current levels are -27.92% lower than the price target low of $50.00 for the same period.
Currently trading at $63.96, the stock is -6.88% and -8.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.72 million and changing 1.90% at the moment leaves the stock -4.23% off its SMA200. BL registered -2.75% loss for a year compared to 6-month gain of -9.69%.
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The stock witnessed a -12.44% loss in the last 1 month and extending the period to 3 months gives it a -7.67%, and is -4.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.87% over the week and 4.24% over the month.
BlackLine Inc. (BL) has around 1814 employees, a market worth around $4.07B and $522.90M in sales. Fwd P/E is 55.00. Profit margin for the company is -5.60%. Distance from 52-week low is 31.25% and -19.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.80%).
BlackLine Inc. (BL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BlackLine Inc. (BL) is a “Hold”. 15 analysts offering their recommendations for the stock have an average rating of 2.90, where 7 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
BlackLine Inc. is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 75.00% this year
BlackLine Inc. (BL) Top Institutional Holders
The shares outstanding are 59.89M, and float is at 55.09M with Short Float at 8.17%.
BlackLine Inc. (BL) Insider Activity
A total of 64 insider transactions have happened at BlackLine Inc. (BL) in the last six months, with sales accounting for 42 and purchases happening 22 times. The most recent transaction is an insider sale by Partin Mark, the company’s Chief Financial Officer. SEC filings show that Partin Mark sold 5,000 shares of the company’s common stock on Mar 02 at a price of $70.00 per share for a total of $0.35 million. Following the sale, the insider now owns 0.16 million shares.
BlackLine Inc. disclosed in a document filed with the SEC on Mar 01 that Partin Mark (Chief Financial Officer) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $69.16 per share for $0.69 million. Following the transaction, the insider now directly holds 0.16 million shares of the BL stock.
Still, SEC filings show that on Mar 01, Unterman Thomas (Director) disposed off 448 shares at an average price of $68.31 for $30603.0. The insider now directly holds 52,583 shares of BlackLine Inc. (BL).
BlackLine Inc. (BL): Who are the competitors?
The company’s main competitors (and peers) include Progress Software Corporation (PRGS) that is trading 31.94% up over the past 12 months and Pixelworks Inc. (PXLW) that is -40.96% lower over the same period.