|Bid||48.61 x 800|
|Ask||48.63 x 800|
|Day's Range||48.21 - 50.60|
|52 Week Range||34.01 - 58.11|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CFO of Blackline Inc (30-Year Financial, Insider Trades) Mark Partin (insider trades) sold 10,000 shares of BL on 09/03/2019 at an average price of $50.99 a share. Continue reading...
It’s no question that the fintech segment is a disruptive space within the market, transforming the way financial services activities such as banking, lending and credit cards are performed using computer programs and other technologies. The Global X FinTech ETF has been able to outpace the rest of the market with 30% growth year-to-date vs the S&P 500’s 16% gain. With noncash transactions expected to surpass $1 trillion in 2023, the space appears to only be getting bigger. Typically, a few large players like Visa (V), MasterCard (MA) and Square (SQ) come to mind when investors think of fintech stocks. That being said, there are lesser known fintech stocks that analysts believe make compelling investments. Let’s take a closer look at 3 under the radar fintech stocks garnering support from Wall Street analysts. BlackLine Inc. (BL)This fintech stock goes head to head with Oracle (ORCL) and has Gartner ranking it as a leader in “financial close solutions”. BlackLine’s innovative software-as-a-service (SaaS) platform automatically processes data, giving firms the ability to track ongoing operations in real-time. This saves time and resources by eliminates the need to have someone perform tedious accounting tasks manually.Companies of all sizes are recognizing BL’s potential. In its most recent quarter, BL added 106 new customers with the total number now reaching 2,813. Not to mention its revenue surged 26% year-over-year, helping the company make strides towards profitability.“Q2 was a good quarter driven by strong demand for our solution and a record number of large deals. BlackLine continues to be selected as the strategic partner of choice among organizations undergoing large, financial transformation projects. With this as our foundation, we will continue to focus on driving growth and delivering value to our customers.” CEO Therese Tucker said on August 1. The good news doesn’t end there, with BlackLine announcing a new tiered alliance program for consulting partners in August. All of this has been factored into one analyst’s bullish thesis. Robert Oliver, a five-star analyst according to TipRanks, believes that the large total addressable market lends itself to strong long-term growth potential. On August 2, he reiterated his Buy rating and raised the price target from $53 to $55. The Robert W. Baird analyst believes shares could gain 8% over the next twelve months.With 2 Buy ratings vs 1 Sell received over the last three months, the word on the Street is that BL is a ‘Moderate Buy’. Its $53 average price target suggests 3% upside potential. Envestnet Inc. (ENV)Envestnet stands to change the way financial advisors interact with their clients. Its flagship product provides a wealth management platform that integrates the software and services used by advisors. ENV has seen an impressive 42% gain in the last three years thanks to organic growth as well as its acquisition of analytics and AI company Wheelhouse back in 2016 and its partnership with BlackRock in 2018. While the company’s August 7 earnings release revealed that it had beaten EPS estimates in its last four quarters, investors were less impressed when it came to the slight revenue miss. Management attributes the shortcoming to a drop in subscription and licensing revenue.CEO Judson Bergman tells investors to be patient as it will take time for recent investments such as the acquisitions of PortfolioCenter in April and MoneyGuide in May to pay off. Jefferies analyst Surinder Thind agrees that investors shouldn’t be scared off by weaker Q2 results. “While the updated revenue guide is sure to disappoint, it does not signal a change in fundamentals,” he explained on August 8. As a result, the four-star analyst reiterated his Buy rating and raised the price target from $65 to $76. Thind believes shares could soar 34% in the next twelve months.The consensus among analysts is that ENV is a ‘Moderate Buy’. Its $75 average price target indicates 33% upside potential. Green Dot Corporation (GDOT) The last fintech on our list is unique in that it serves customers who either don’t have or can’t qualify for credit cards or checking accounts. Its strategy of catering to a customer base with a less reliable financial track record might not seem logical, but there is a substantial market for these services within the “underbanked” community.While the company is one of the riskier stocks we highlight, GDOT was able to post a second quarter earnings beat on August 7. EPS reached $0.90, exceeding the consensus estimate by 43%. However, GDOT lowered its full year guidance based on declining sales of its legacy prepaid credit card as well as a later launch date for its banking-as-a-service (BaaS) platform which the company has invested $60 million in.GDOT has changed its strategy, shifting focus away from its legacy products to expanding the BaaS segment. This move weighed on earnings and has caused a sense of uncertainty among investors. That being said, Jeff Cantwell, a five-star analyst, argues that it will take time for this shift to translate into revenue. “The company is in the midst of a painful model transition but the bad news is now baked into the shares. We believe Green Dot's risk/reward looks favorable at current levels following the recent selloff,” he explained on August 9. He adds that the company’s new products such as its savings account with a 3% annual yield rate could be the growth driver it needs. As a result, the Guggenheim analyst upgraded GDOT from a Hold to a Buy and set a $36 price target, implying 18% upside. All in all, the Street takes a slightly more cautious stance on GDOT. It has a ‘Moderate Buy’ analyst consensus and a $41 average price target, suggesting 36% upside potential.
As we said before, cloud stocks are the stocks to buy these days. From accessing your photos on your phone to performing complex data analysis at work, hardly a day goes by that you aren't harnessing the power of the cloud. Cloud computing has taken both the enterprise and consumer world by storm. Plenty of money has been made by investors playing the trend.However, it isn't just the big boys like Adobe (NASDAQ:ADBE) or Microsoft (NASDAQ:MSFT) that are winning in the cloud. There are plenty of smaller cloud stocks as well.It's in those smaller cloud stocks where future gains can be had. Many of the smaller cloud stocks feature double-digit revenue growth and operate in some necessary niches. Moreover, the growth is showing no signs of slowing as many of the addressable markets for these smaller cloud players are massive. Adding in the buyout potential from larger software stocks and you have a recipe for long-term gains.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now When it comes to the cloud, think smaller is better. With that, here are five more cloud stocks to buy with wonderful potential. Cloud Stocks to Buy: Blackline Inc (BL)Cloud stocks work best when they tackle a boring segment of the business, remove redundancies and simplifying processes. Nothing could be more boring than accounting. And one of the most tedious and time-consuming processes in accounting continues to be the month-end close.That's where Software-as-a-Service (SaaS) firm BlackLine (NYSE:BL) comes in.Right now, most accounting departments collect data on a monthly or quarterly basis and then process it. Transactions are recorded, reconciliations are made, and the journal entries are posted. It creates this blitzkrieg of long hours and sleepless nights each month.BL's software is revolutionizing that arduous process. It collects data in real-time and then automatically processes it accordingly. This eliminates the workload and allows accountants to focus on bigger picture things.It's no wonder why BL's sales and customer numbers are surging. Last quarter alone, Blackline managed to score 106 new customers to reach a total of 2,813. Meanwhile, revenues jumped 26% year-over-year. And this isn't just a one-off thing. BL has had several quarters in a row of new customer and sales growth. Its process works and is helping the firm move quickly towards profitability.The best part is that the addressable market is huge. There are plenty of companies -- both big and small -- that will benefit from Blackline's software. Given the long-term potential, BL could be one of the best cloud stocks to buy for today and tomorrow. HubSpot (HUBS)These days, it can be hard for businesses and services to score new customers. Inbound marketing firm HubSpot (NASDAQ:HUBS) is making that process of acquiring new customers and keeping existing ones a breeze.HUBS offers a suite of cloud tools that allow businesses to connect with customers. This includes creating content, sending out emails, social media functions, blogs, marketing automation, and even SEO tools. Its sales and services hubs allow its users the ability to track future potential customers as well as take care of them once they are on board. And it turns out, HubSpot's platform is very good. More than 60,500 customers -- including names like Subaru and Doordash -- use it.The key for HUBS is its business model. The firm uses what's called a "freemium" model. This allows a business to use some features of HubSpot's platform gratis. However, extras and additional capabilities require a monthly subscription. The idea is that firms will like what they see and then stick around. And they do: HUBS features retention rates near 100%, while subscription revenues jumped more than 34% last quarter. Clearly, HubSpot's model is working and it should continue to work. * 7 Stocks Under $7 to Invest in Now The firm is profitable and features nearly $1 billion in cash on its balance sheet. This reduces the risk in shares. When it comes to cloud stocks, HUBS is providing a much-needed service to a growing client base and it's doing it right. Veeva Systems (VEEV)Given the numerous regulations that govern healthcare, cutting through the clutter can be very hard. It takes a deft hand to dot all the I's and cross all the T's. One misstep and the FDA won't approve a drug, or you'll end up getting sued by a patient.Because of this Veeva Systems (NASDAQ:VEEV) is quickly becoming a giant among the cloud stocks.VEEV produces various applications for the life sciences and biotech industry, drug producers, as well as hospitals. These solutions include everything from collecting trial data during drug development to customer management tools for pharmaceutical companies. From development to commercial processes, VEEV really does it all in healthcare.Because of the necessity of Veeva's products, the firm's customer list reads like a who's who of biotechs and big pharma. This includes top customers like Merck (NYSE:MRK) and Takeda, which use VEEV's products across a variety of lines. The best part is they pay some big bucks to do that.During its last reported quarter, total revenues jumped 25%, while key subscription revenues gained more than 27%. That's helped Veeva see its profits jump 62% year-over-year. What's nuts is that VEEV still has plenty of more opportunities to add additional customers and expand. Upselling and new products keep customers coming back for more. Veeva's future profit potential is very good indeed.For investors, VEEV is a prime example of how cloud stocks can successfully win in niches. Zuora Inc (ZUO)Source: Shutterstock You've probably noticed that you're paying a lot more in subscriptions these days rather than outright ownership. From music and software to even your morning coffee, we're shelling out plenty of monthly checks to run our lives. Heck, even most of the cloud stocks on this list run on a subscription model. From a business point of view, this reoccurring revenue provides plenty of stable cash flows to build upon.Helping other companies transition to this subscription economy is Zuora (NASDAQ:ZUO).ZUO provides SaaS applications that are designed get firms into the subscription mindset. This includes automating recurring billing, collections, quoting, and revenue recognition. Where Zuora differentiates itself is that its software is complimentary to Financial Accounting Standards Board rules. The problem is switching from standard invoicing to subscriptions is difficult when it comes to accounting practices and recognizing revenues over the life of a contract. The cloud stock's Zuora Billing and Zuora RevPro products allow this to happen with ease and provide real data-driven insight as to what's happening.Given that some analysts think even your dishwasher will be run via a subscription in future, ZUO has plenty of potential. It just might take a bit to get there. The stock has struggled recently as it recognizes its sales staff. However, the firm continues to see swift revenue growth from its operations. * 10 Stocks to Buy on the Trade War Dip This is one cloud stock to buy now for gains later. Elastic N.V. (ESTC)Source: Shutterstock Everyone would love to go back and buy Google (NASDAQ:GOOG, NASDAQ:GOOGL) stock when it first IPO'd. With the cloud, we finally have our chance. This is courtesy of Elastic N.V. (NASDQ:ESTC).ESTC is like Google in that it also operates a search engine. However, the firm doesn't comb the internet for terms, it looks through the billions of data points companies generate each day. The part that's exciting is that Elastic's various products highlight this data via search terms and presents it in an easy-to-read interface. ESTC uses standard API protocols to comb through a firm's data. This allows users to really take a look at all the various vendors it uses to pull exactly what they need when they need it.ESTC's search capabilities can be expanded into applications for consumers as well. Uber (NASDAQ:UBER) uses Elastic's capabilities to match drivers and riders, while dating app Tinder uses it for a similar function. But the potential is there for both enterprise and consumer-facing applications to dig deep into data for desired outcomes.And like the early days of GOOG, ESTC is growing like a weed -- with revenues increasing at a rate of approximately 70% annually. This has come from both existing customers expanding their relationships with the firm as well as plenty of new additions to its umbrella.For investors, the addressable market and end use for ESTC's products are huge and we're still in the early innings. Given Google's massive long-term runup, Elastic could be a very fruitful investment.At the time of writing, Aaron Levitt did not own a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 5 More Cloud Stocks With Plenty of Potential appeared first on InvestorPlace.
CFO of Blackline Inc (30-Year Financial, Insider Trades) Mark Partin (insider trades) sold 20,000 shares of BL on 08/05/2019 at an average price of $54.75 a share. Continue reading...
BlackLine shares are surging Friday after the financial accounting software company beat Wall Street's second-quarter earnings and revenue expectations.
BLACKLINE INC (BL) delivered earnings and revenue surprises of 400.00% and 2.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
BLACKLINE INC (BL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BlackLine, Inc. (NASDAQ:BL), which is in the software business, and is based in United States, saw a decent share...
Fintech is transforming the financial industry from the inside out, and there will be lots of winners and losers. Before you invest, know these basic guidelines to this growing industry.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
BlackLine Inc (NASDAQ: BL ) reported first-quarter revenue and EPS ahead of expectations Thursday and raised its full-year guidance. Billings continued to underwhelm in the quarter due to few new customer ...
Therese Tucker of BlackLine discusses the gender gap in the technology sector. She also explains why she says BlackLine "should have failed."