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 $63.67, up 1.68% from the previous day, and has decreased 14.1% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.08 percentage points. Blackline stock is currently +30.66% from its 52-week low of $48.73, and -19.64% from its 52-week high of $79.23.
At the moment, there are 60.05M BL shares outstanding. The market capitalization of BL is $3.82B. In the past 24 hours, 269,299 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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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
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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.
- Provide your personal details to create your new trading account.
- Send your information by clicking the "Create Account" button.
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 overvalued based on its P/B ratio of 34.18x, relative to Software - Infrastructure industry P/B ratio of 10.57x
You can do more valuation analysis on BL's stock here.
BL Financial Summary
Positive Health Checks:
- BL profit margin has gone up from -27.1% to -5.6% in the past year.
- There are more short-term assets than short-term liabilities on the BL balance sheet.
Negative Health Checks:
- BL's operating cash flow of $56.01M allows it to safely service it's debt of $1.40B.
- BL has a relatively high debt to equity ratio of 16.16.
- There are more long-term liabilities than short-term assets on the BL balance sheet.
- Total BL debt is higher than 5 years ago, relative to shareholder equity.
- BL earnings of -$37.06M is not enough to cover its interest payments.
Is Blackline stock a Buy, Hold, or Sell, according to analysts?
Out of 9 sell side analysts who give ratings on BL, the consensus analyst rating on BL is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent BL Analyst Recommendations
Brent A. Bracelin, a top 1% analyst from Piper Sandler reiterates BL with a hold rating and maintains their BL price target from $64.00 to $64.00, on Mar 6, 2023.
Terry Tillman, a top 37% analyst from Truist Securities maintains BL with a hold rating and raises their BL price target from $55.00 to $65.00, on Feb 15, 2023.
Steven Enders, a top 18% analyst from Citigroup maintains BL with a strong sell rating and raises their BL price target from $63.00 to $65.00, on Feb 15, 2023.
Daniel Jester, a top 16% analyst from BMO Capital maintains BL with a hold rating and lowers their BL price target from $76.00 to $71.00, on Feb 15, 2023.
Rob Oliver, a top 13% analyst from Baird maintains BL with a buy rating and raises their BL price target from $72.00 to $82.00, on Feb 15, 2023.
You can dig deeper into what analysts are projecting on the Blackline stock forecast page.
Metrics for Advanced BL Traders
BL Performance Numbers
Last year, BL revenue was $522.94M. During the last five year, BL's revenue has grown by 24.39% per year. This was faster than the Software - Infrastructure industry average of 19.54%.
Dig into BL's earnings and revenue performance here.
Latest Insiders Trades at BL
Over the last 12 months, executives and large shareholders at BL have sold more shares than they have bought.
Mark Partin, Chief Financial Officer of BL, was the latest BL insider to sell. They sold $350,000.00 worth of BL shares on Mar 2, 2023.
Learn more about who owns BL stock here.
Does BL provide a stable income stream?
No, Blackline doesn't provide an income stream by paying out dividends.
What do other investors have to say about BL?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your BL trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in BL
Now that you own some BL stock, you'll want to stay up-to-date on your new company.
Add BL to a watchlist to get notified of the latest news about 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 online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Blackline, click the button below.
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