The closing price of BlackLine Inc (NASDAQ: BL) was $66.51 for the day, down -2.23% from the previous closing price of $68.03. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1379488 shares were traded. BL stock price reached its highest trading level at $68.54 during the session, while it also had its lowest trading level at $66.12.
Ratios:
Our analysis of BL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.91. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 2.19. In the meantime, Its Debt-to-Equity ratio is 5.41 whereas as Long-Term Debt/Eq ratio is at 4.43.
On January 02, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also upped its target price recommendation from $53 to $60.
On May 22, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $60.Morgan Stanley initiated its Equal-Weight rating on May 22, 2023, with a $60 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 29 ’24 when THOMPSON KEVIN B sold 4,500 shares for $57.50 per share. The transaction valued at 258,750 led to the insider holds 11,000 shares of the business.
Woodhams Mark sold 3,208 shares of BL for $180,129 on Feb 21 ’24. The CHIEF REVENUE OFFICER now owns 77,901 shares after completing the transaction at $56.15 per share. On Feb 20 ’24, another insider, PRAGER MORGAN KAROLE, who serves as the CHIEF LEGAL AND ADMINISTRATIVE of the company, sold 10,007 shares for $57.45 each. As a result, the insider received 574,888 and left with 85,841 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BL now has a Market Capitalization of 4.09B and an Enterprise Value of 4.30B. As of this moment, BlackLine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 95.01, and their Forward P/E ratio for the next fiscal year is 30.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.94 while its Price-to-Book (P/B) ratio in mrq is 15.68. Its current Enterprise Value per Revenue stands at 7.29 whereas that against EBITDA is 36.91.
Stock Price History:
Over the past 52 weeks, BL has reached a high of $69.31, while it has fallen to a 52-week low of $47.26. The 50-Day Moving Average of the stock is 60.11, while the 200-Day Moving Average is calculated to be 56.54.
Shares Statistics:
BL traded an average of 722.01K shares per day over the past three months and 1.59M shares per day over the past ten days. A total of 61.52M shares are outstanding, with a floating share count of 50.44M. Insiders hold about 18.01% of the company’s shares, while institutions hold 83.94% stake in the company. Shares short for BL as of Feb 29, 2024 were 2.32M with a Short Ratio of 3.22, compared to 2.07M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.78% and a Short% of Float of 4.08%.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.46, while EPS last year was $0.34. The consensus estimate for the next quarter is $0.5, with high estimates of $0.53 and low estimates of $0.47.
Analysts are recommending an EPS of between $2.11 and $2.04 for the fiscal current year, implying an average EPS of $2.07. EPS for the following year is $2.15, with 13 analysts recommending between $2.33 and $1.98.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $155.74M to a low estimate of $154.45M. As of the current estimate, BlackLine Inc’s year-ago sales were $138.98M, an estimated increase of 11.60% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $158.46M, an increase of 9.60% less than the figure of $11.60% in the same quarter last year. There is a high estimate of $160.12M for the next quarter, whereas the lowest estimate is $156.77M.
A total of 13 analysts have provided revenue estimates for BL’s current fiscal year. The highest revenue estimate was $648.5M, while the lowest revenue estimate was $643M, resulting in an average revenue estimate of $645.09M. In the same quarter a year ago, actual revenue was $590M, up 9.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $710.01M in the next fiscal year. The high estimate is $727.21M and the low estimate is $697.85M. The average revenue growth estimate for next year is up 10.10% from the average revenue estimate for this year.
