What is DA Davidson’s Forecast for BlackLine Q2 Earnings?

BlackLine, Inc. (NASDAQ:BL) – Investment analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of BlackLine in a research note issued on Wednesday, May 7th. DA Davidson analyst W. Jellison anticipates that the technology company will post earnings of $0.19 per share for the quarter. DA Davidson currently has a “Buy” rating and a $55.00 target price on the stock. The consensus estimate for BlackLine’s current full-year earnings is $0.90 per share.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.29). BlackLine had a return on equity of 21.63% and a net margin of 24.67%.

A number of other research firms have also recently issued reports on BL. StockNews.com raised BlackLine from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on BlackLine from $51.00 to $43.00 and set a “sell” rating for the company in a research report on Thursday, April 17th. Morgan Stanley dropped their target price on shares of BlackLine from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JMP Securities reiterated a “market outperform” rating and issued a $86.00 price target on shares of BlackLine in a report on Wednesday, January 15th. Finally, Piper Sandler raised their price objective on shares of BlackLine from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.75.

BlackLine Price Performance

Shares of BL stock opened at $53.17 on Thursday. The company has a quick ratio of 2.69, a current ratio of 2.59 and a debt-to-equity ratio of 2.00. BlackLine has a 12-month low of $40.82 and a 12-month high of $66.25. The firm has a fifty day moving average of $47.50 and a 200-day moving average of $55.15. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94.

Institutional Trading of BlackLine

Several institutional investors and hedge funds have recently added to or reduced their stakes in BL. Principal Financial Group Inc. increased its stake in shares of BlackLine by 13.6% during the 3rd quarter. Principal Financial Group Inc. now owns 290,775 shares of the technology company’s stock worth $16,033,000 after purchasing an additional 34,919 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in BlackLine by 20.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,113,882 shares of the technology company’s stock worth $128,439,000 after purchasing an additional 354,784 shares during the period. Pacer Advisors Inc. increased its position in BlackLine by 154.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,159 shares of the technology company’s stock worth $253,000 after buying an additional 2,522 shares during the last quarter. Sei Investments Co. raised its stake in BlackLine by 6.2% in the fourth quarter. Sei Investments Co. now owns 147,381 shares of the technology company’s stock valued at $8,955,000 after buying an additional 8,558 shares during the period. Finally, Bridgewater Associates LP acquired a new stake in shares of BlackLine in the fourth quarter valued at approximately $244,000. 95.13% of the stock is owned by institutional investors.

Insider Transactions at BlackLine

In other news, CRO Mark Woodhams sold 9,088 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $49.67, for a total value of $451,400.96. Following the completion of the sale, the executive now owns 65,414 shares of the company’s stock, valued at approximately $3,249,113.38. This represents a 12.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.