Blackbaud (NASDAQ:BLKB) Sets New 52-Week Low – Should You Sell?

Blackbaud, Inc. (NASDAQ:BLKB) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $43.20 and last traded at $43.46, with a volume of 87902 shares changing hands. The stock had previously closed at $44.03.

Analysts Set New Price Targets

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

Blackbaud Price Performance

The company has a market capitalization of $2.00 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a fifty day moving average price of $51.87 and a 200 day moving average price of $59.15.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 10th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $295.26 million for the quarter, compared to analyst estimates of $292.71 million. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, sell-side analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Insider Activity at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the transaction, the executive vice president owned 135,194 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Mcdearis sold 15,462 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the sale, the executive vice president owned 91,756 shares in the company, valued at $4,260,231.08. This trade represents a 14.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,801 shares of company stock worth $1,893,874 in the last ninety days. 1.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Blackbaud

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC raised 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 worth $36,000 after buying an additional 483 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Blackbaud by 4,300.0% during the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after acquiring an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 during the period. Quarry LP purchased a new stake in shares of Blackbaud in the third quarter worth approximately $46,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Blackbaud during the fourth quarter worth approximately $47,000. 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.