The stock of BlackLine Inc (NASDAQ:BL) last traded at $44.44, down -0.40% from the previous session.
BL stock price is now -10.40% away from the 50-day moving average and -17.67% away from the 200-day moving average. The market capitalization of the company currently stands at $2.80B.
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With the price target of $58, DA Davidson recently initiated with Buy rating for BlackLine Inc (NASDAQ: BL). On January 30, 2025, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $50 to quote $75, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Partin Mark, Former Officer bought 20,000 shares of the company’s stock on Mar 27 ’25. The stock was bought for $1,005,212 at an average price of $50.26. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’25, Former Officer Partin Mark bought 20,000 shares of the business’s stock. A total of $1,005,044 was incurred on buying the stock at an average price of $50.25. A total of 18.13% of the company’s stock is owned by insiders.
During the past 12 months, BlackLine Inc has had a low of $40.82 and a high of $66.25. As of last week, the company has a debt-to-equity ratio of 2.05, a current ratio of 2.59, and a quick ratio of 2.59. According to the stock market information, the enterprise value for the company is $2858638848, which is based on a 19.96 price-to-earnings ratio, a 2.93 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for BL is $49.5972 and a two-hundred day moving average price translates $53.97985 for the stock.
The latest earnings results from BlackLine Inc (NASDAQ: BL) was released for 2024-12-31. The net profit margin was 24.67% and return on equity was 45.56% for BL. The company reported revenue of $169.46 million for the quarter, compared to $155.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.82 percent. For the current quarter, analysts expect BL to generate $166.83M in revenue.
