Blackbaud, Inc. (NASDAQ:BLKB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have received an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.50.

Several equities research analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, July 29th. Stifel Nicolaus reduced their target price on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Robert W. Baird boosted their price objective on shares of Blackbaud from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday, September 15th.

Blackbaud Price Performance

NASDAQ BLKB opened at $42.89 on Thursday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.44 and a beta of 0.99. Blackbaud has a 1-year low of $25.58 and a 1-year high of $70.71. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. The business’s fifty day moving average price is $43.16 and its 200-day moving average price is $37.45.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. Blackbaud’s revenue was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities analysts predict that Blackbaud will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Chad Anderson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the transaction, the chief financial officer owned 59,883 shares of the company’s stock, valued at $2,848,035.48. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael P. Gianoni sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the transaction, the chief executive officer owned 423,264 shares of the company’s stock, valued at approximately $20,041,550.40. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,086 shares of company stock valued at $2,001,761 over the last three months. 2.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blackbaud

Several large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its holdings in Blackbaud by 2.0% in the 2nd quarter. Engineers Gate Manager LP now owns 40,178 shares of the technology company’s stock worth $1,190,000 after buying an additional 797 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Blackbaud during the 2nd quarter valued at about $206,000. Performa Ltd US LLC grew its position in shares of Blackbaud by 337.5% during the second quarter. Performa Ltd US LLC now owns 875 shares of the technology company’s stock valued at $26,000 after purchasing an additional 675 shares in the last quarter. Waverly Advisors LLC increased its stake in Blackbaud by 1.4% in the 2nd quarter. Waverly Advisors LLC now owns 22,206 shares of the technology company’s stock worth $658,000 after acquiring an additional 301 shares during the last quarter. Finally, Nykredit A S bought a new stake in Blackbaud in the second quarter worth $63,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software and related services to organizations serving social good. Its customers include nonprofit organizations, educational institutions, healthcare organizations, foundations, faith-based organizations, arts and cultural institutions, and other mission-driven groups.

The company’s solutions support fundraising, donor and constituent relationship management, financial management, grantmaking, marketing, ticketing, education administration, and peer-to-peer and charitable giving.