How to Buy Blackline Stock
Blackline Inc
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide.
Blackline stock last closed at $58.89, down 1.74% from the previous day, and has increased 6.18% in one year. It has underperformed other stocks in the Software - Application industry by 0.21 percentage points. Blackline stock is currently +24.6% from its 52-week low of $47.27, and -15.03% from its 52-week high of $69.31.
At the moment, there are 61.52M BL shares outstanding. The market capitalization of BL is $3.62B. In the past 24 hours, 540,397 BL shares were traded.
How to Buy Blackline Stock
Not sure how to invest in Blackline stock? Here's how.
- Decide where to buy Blackline stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Blackline stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your method of payment and add your details.
- Analyze Blackline stock: The Blackline ticker symbol is BL. Is Blackline stock a good investment? Should you buy shares of BL? How do BL's underlying business fundamentals look? Do top analysts think Blackline is a good buy? Why has BL's stock price moved recently? (Hint: Our stock market research tools can help you figure out if BL is a good stock to buy).
- Place your BL trade: Decide if you will purchase BL shares at the current market price or use a limit order to buy BL shares at a particular price.
- Get the latest scoop on your investment in BL: Create a watchlist to keep tabs on your new investment in Blackline shares.
Step 1: Decide where to buy Blackline stock
You will need a brokerage account to access the NASDAQ market and buy BL shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you can buy BL today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on one of the most highly reviewed stock market apps, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your new brokerage account.
Step 4: Analyze Blackline stock
Once you have identified the best place to buy Blackline stock, it's important to research their stock prior to buying, so you can comprehend the risk and opportunity.
Overview of key BL info
BL Due Diligence Checks
WallStreetZen was designed to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on BL's stock page.
Is BL stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge BL's intrinsic value.
Using relative valuations methods:
- BL may be undervalued based on its P/E ratio of 67.69x, relative to Software - Application industry P/E ratio of 101.91x
- BL may be overvalued based on its P/B ratio of 13.89x, relative to Software - Application industry P/B ratio of 6.49x
You can do additional valuation analysis on BL's stock here.
A quick look at BL Financials
Positive Health Checks:
- BL profit margin has gone up from -5.6% to 9% in the past year.
- There are more short-term assets than short-term liabilities on the BL balance sheet.
- BL earnings of $60.18M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the BL balance sheet.
Negative Health Checks:
- Total BL debt is higher than 5 years ago, relative to shareholder equity.
- BL's operating cash flow of $126.61M allows it to safely service it's debt of $1.41B.
- BL has a relatively high debt to equity ratio of 6.94.
Do analysts think it's a good time to buy Blackline stock
Out of 6 sell side analysts who monitor BL, the consensus analyst rating on Blackline is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent BL Analyst Ratings
Adam Hotchkiss, a top 21% analyst from Goldman Sachs maintains BL with a strong sell rating and raises their BL price target from $49.00 to $54.00, on Jan 24, 2024.
You can dig deeper into what analysts are forecasting on the Blackline stock forecast page.
BL Momentum
BL Performance Metrics
Last year, BL revenue was $590.00M. During the last 5 year, BL's revenue has grown by 20.97% per year. This was slower than the Software - Application industry average of 27.57%.
You can analyze BL's earnings and revenue performance here.
Latest Insiders Trades at BL
Over the past year, executives and large shareholders at BL have sold more shares than they have bought.
Kevin B. Thompson, Director of BL, was the latest BL insider to sell. They sold $258,750.00 worth of BL stock on Feb 29, 2024.
Dig into more about who owns BL stock here.
Can I rely on BL as an income stream?
No, Blackline doesn't provide an income stream by paying out dividends.
What do other traders have to say about BL?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your BL trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open button and eToro will place your order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in BL
Now that you own some shares in BL, you'll want to stay up-to-date on your company.
Start a watchlist to get notified of important updates regarding your BL stock.
BL Feed
How to Buy Stock in Blackline
To summarize, here are the 6 steps to buy Blackline stock:
- Decide where to buy Blackline stock
- Create your brokerage account
- Put funds into your investment account
- Analyze Blackline stock
- Place your BL trade
- Get the latest scoop on your investment in BL
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Blackline, create a watchlist today.
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