Blackbaud (NASDAQ:BLKB) Hits New 52-Week Low – What’s Next?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $36.08 and last traded at $36.0750, with a volume of 9173 shares traded. The stock had previously closed at $37.29.

Wall Street Analyst Weigh In

BLKB has been the subject of a number of research analyst reports. Evercore set a $55.00 target price on Blackbaud in a research note on Wednesday, February 11th. Stifel Nicolaus set a $50.00 target price on Blackbaud in a research note on Tuesday, February 10th. Robert W. Baird set a $60.00 target price on Blackbaud in a research note on Wednesday, February 11th. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Raymond James Financial set a $60.00 target price on Blackbaud in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.25.

Blackbaud Price Performance

The stock has a 50 day simple moving average of $45.48 and a two-hundred day simple moving average of $55.76. The firm has a market cap of $1.67 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $295.26 million during the quarter, compared to analyst estimates of $292.71 million. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of Blackbaud stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the transaction, the executive vice president owned 135,194 shares in the company, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kevin Mcdearis sold 15,462 shares of Blackbaud stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $46.43, for a total value of $717,900.66. Following the transaction, the executive vice president owned 91,756 shares of the company’s stock, valued at $4,260,231.08. The trade was a 14.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,801 shares of company stock worth $1,893,874. Insiders own 1.97% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

Institutional investors and hedge funds have recently modified their holdings of the business. Rothschild Investment LLC increased its stake in shares of Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after purchasing an additional 483 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after purchasing an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Blackbaud by 380.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after purchasing an additional 487 shares in the last quarter. Quarry LP purchased a new position in shares of Blackbaud in the 3rd quarter valued at about $46,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Blackbaud in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Blackbaud

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.