Blackline Stock Today

BL Stock  USD 63.99  1.64  2.50%   

Performance

1 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 32

 
100  
 
Zero
Below Average
Blackline is selling for 63.99 as of the 18th of March 2024. This is a -2.5% down since the beginning of the trading day. The stock's lowest day price was 63.89. Blackline has about a 32 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Blackline are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
28th of October 2016
Category
Technology
Classification
Information Technology
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California. Blackline operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 61.52 M outstanding shares of which 2.32 M shares are currently sold short in the market by investors with about 3.58 days to cover all shorted shares. More on Blackline

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Blackline Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Blackline's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Blackline or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO DirectorMarc Huffman
Thematic IdeaBusiness Services (View all Themes)
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ Composite, Business Services, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Blackline report their recommendations after researching Blackline's financial statements, talking to executives and customers, or listening in on Blackline's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Blackline. The Blackline consensus assessment is calculated by taking the average forecast from all of the analysts covering Blackline.
Financial Strength
Based on the measurements of operating efficiency obtained from Blackline's historical financial statements, Blackline may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Blackline is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.240.2808
Fairly Down
Slightly volatile
Gross Profit Margin0.610.7497
Significantly Down
Slightly volatile
Total Current Liabilities674.7 M642.6 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.2 B1.2 B
Sufficiently Up
Slightly volatile
Total Assets2.2 B2.1 B
Sufficiently Up
Slightly volatile
Total Current Assets1.5 B1.4 B
Sufficiently Up
Slightly volatile
Blackline's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Blackline's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Blackline's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Blackline's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Blackline's financial leverage. It provides some insight into what part of Blackline's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Blackline's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Blackline deploys its capital and how much of that capital is borrowed.
Liquidity
Blackline cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 1.41 B of total liabilities. Blackline has a current ratio of 3.67, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Blackline until it has trouble settling it off, either with new capital or with free cash flow. So, Blackline's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Blackline sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Blackline to invest in growth at high rates of return. When we think about Blackline's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

132.94 Million
Blackline (BL) is traded on NASDAQ Exchange in USA. It is located in 21300 Victory Boulevard, Woodland Hills, CA, United States, 91367 and employs 1,750 people. Blackline is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 4.04 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Blackline's market, we take the total number of its shares issued and multiply it by Blackline's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Blackline is active under Software sector as part of Information Technology industry. The entity has 61.52 M outstanding shares of which 2.32 M shares are currently sold short in the market by investors with about 3.58 days to cover all shorted shares. Blackline reports about 1.05 B in cash with 126.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.5.
Check Blackline Probability Of Bankruptcy
Ownership Allocation
Blackline holds a total of 61.52 Million outstanding shares. The majority of Blackline outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Blackline to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Blackline. Please pay attention to any change in the institutional holdings of Blackline as this could imply that something significant has changed or is about to change at the company. Also note that nearly six hundred fifteen thousand two hundred one invesors are currently shorting Blackline expressing very little confidence in its future performance.
Check Blackline Ownership Details

Blackline Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Blackline jumping above the current price in 90 days from now is about 16.38%. The Blackline probability density function shows the probability of Blackline stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 2.1398 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Blackline will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Blackline is significantly underperforming NYSE Composite.
  Odds Below 63.99HorizonTargetOdds Above 63.99
83.48%90 days
 63.99 
16.38%
Based on a normal probability distribution, the odds of Blackline to move above the current price in 90 days from now is about 16.38 (This Blackline probability density function shows the probability of Blackline Stock to fall within a particular range of prices over 90 days) .

Blackline Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Blackline that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Blackline's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Blackline's value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
1.2 M
Bank Of America Corp2023-12-31
1.1 M
Jpmorgan Chase & Co2023-12-31
1.1 M
Geneva Capital Management2023-12-31
925.7 K
Fred Alger Management, Llc2023-12-31
830 K
Northern Trust Corp2023-12-31
810.2 K
Df Dent & Co Inc2023-12-31
705.7 K
Rivulet Capital, Llc2023-12-31
689.2 K
Baillie Gifford & Co Limited.2023-12-31
660.3 K
Vanguard Group Inc2023-12-31
6.7 M
Clearlake Capital Group, L.p.2023-12-31
5.7 M
View Blackline Diagnostics

Blackline Historical Income Statement

Blackline Income Statement is one of the three primary financial statements used for reporting Blackline's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Blackline revenue and expense. Blackline Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Blackline's Income Tax Expense is quite stable compared to the past year. Net Income From Continuing Ops is expected to rise to about 47.6 M this year, although the value of EBIT will most likely fall to (3.3 M). View More Fundamentals

Blackline Stock Against Markets

Picking the right benchmark for Blackline stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Blackline stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Blackline is critical whether you are bullish or bearish towards Blackline at a given time. Please also check how Blackline's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackline without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Blackline Corporate Directors

Blackline corporate directors refer to members of a Blackline board of directors. The board of directors generally takes responsibility for the Blackline's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Blackline's board members must vote for the resolution. The Blackline board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William GriffithIndependent DirectorProfile
Graham SmithIndependent DirectorProfile
Jason BabcokeIndependent DirectorProfile
Thomas UntermanIndependent DirectorProfile

How to buy Blackline Stock?

Before investing in Blackline, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Blackline. To buy Blackline stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Blackline. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Blackline stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Blackline stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Blackline stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Blackline, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Blackline Stock please use our How to Invest in Blackline guide.

Already Invested in Blackline?

The danger of trading Blackline is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Blackline is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Blackline. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Blackline is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Blackline is a strong investment it is important to analyze Blackline's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Blackline's future performance. For an informed investment choice regarding Blackline Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackline. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Blackline's price analysis, check to measure Blackline's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackline is operating at the current time. Most of Blackline's value examination focuses on studying past and present price action to predict the probability of Blackline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackline's price. Additionally, you may evaluate how the addition of Blackline to your portfolios can decrease your overall portfolio volatility.
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Is Blackline's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blackline. If investors know Blackline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blackline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.05
Earnings Share
0.81
Revenue Per Share
9.696
Quarterly Revenue Growth
0.113
Return On Assets
(0)
The market value of Blackline is measured differently than its book value, which is the value of Blackline that is recorded on the company's balance sheet. Investors also form their own opinion of Blackline's value that differs from its market value or its book value, called intrinsic value, which is Blackline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blackline's market value can be influenced by many factors that don't directly affect Blackline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Blackline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.