Blackbaud (NASDAQ:BLKB) had its price objective increased by equities research analysts at B. Riley from $82.00 to $90.00 in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the technology company’s stock. B. Riley’s price objective suggests a potential downside of 9.40% from the company’s current price.

A number of other brokerages also recently commented on BLKB. BidaskClub downgraded Blackbaud from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. DA Davidson started coverage on Blackbaud in a research report on Friday, February 2nd. They set a “neutral” rating and a $95.00 price target for the company. Zacks Investment Research raised Blackbaud from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday. Robert W. Baird increased their price target on Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Finally, Citigroup set a $112.00 price target on Blackbaud and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $94.33.

Shares of Blackbaud (BLKB) opened at $99.34 on Thursday. The company has a market capitalization of $4,412.22, a P/E ratio of 72.51, a PEG ratio of 5.28 and a beta of 0.75. Blackbaud has a 52 week low of $61.98 and a 52 week high of $104.55. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.19.

In other Blackbaud news, EVP Brian Boruff sold 800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $103.95, for a total value of $83,160.00. Following the completion of the sale, the executive vice president now directly owns 50,862 shares of the company’s stock, valued at $5,287,104.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin W. Mooney sold 4,466 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $101.00, for a total value of $451,066.00. Following the completion of the sale, the executive vice president now directly owns 71,655 shares of the company’s stock, valued at $7,237,155. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Blackbaud by 37.0% in the second quarter. State Street Corp now owns 1,587,812 shares of the technology company’s stock worth $136,159,000 after acquiring an additional 428,948 shares during the period. Jackson Square Partners LLC boosted its holdings in shares of Blackbaud by 3.7% in the third quarter. Jackson Square Partners LLC now owns 1,162,056 shares of the technology company’s stock worth $102,028,000 after acquiring an additional 41,858 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Blackbaud by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 945,845 shares of the technology company’s stock worth $82,432,000 after acquiring an additional 26,980 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Blackbaud by 11.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 730,244 shares of the technology company’s stock worth $69,001,000 after acquiring an additional 72,430 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Blackbaud by 6.3% in the third quarter. Brown Advisory Inc. now owns 727,400 shares of the technology company’s stock worth $63,866,000 after acquiring an additional 42,871 shares during the period.

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Blackbaud Company Profile

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

Analyst Recommendations for Blackbaud (NASDAQ:BLKB)

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