Blackbaud (NASDAQ:BLKB) Sets New 52-Week Low – Here’s Why

Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.60 and last traded at $31.8230, with a volume of 9100 shares trading hands. The stock had previously closed at $30.85.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BLKB. Evercore set a $55.00 price objective on Blackbaud in a research note on Wednesday, February 11th. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Raymond James Financial set a $60.00 price objective on Blackbaud in a research note on Tuesday, February 10th. Stifel Nicolaus reduced their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Finally, Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $60.00 to $50.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.50.

Blackbaud Stock Performance

The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.14 and a beta of 1.09. The stock has a 50 day simple moving average of $38.44 and a two-hundred day simple moving average of $50.34.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.81 million. During the same period last year, the firm earned $0.96 earnings per share. Blackbaud’s quarterly revenue was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, analysts anticipate that Blackbaud, Inc. will post 3.57 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 the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares in the company, valued at $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David J. Benjamin sold 14,349 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the sale, the executive vice president owned 73,124 shares in the company, valued at approximately $3,471,196.28. This represents a 16.40% 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 31,811 shares of company stock worth $1,499,088 over the last ninety days. Corporate insiders own 1.97% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

Several hedge funds have recently made changes to their positions in the company. Trust Point Inc. grew its holdings in shares of Blackbaud by 3.2% during the fourth quarter. Trust Point Inc. now owns 6,014 shares of the technology company’s stock worth $381,000 after purchasing an additional 184 shares during the last quarter. Glenmede Investment Management LP grew its holdings in shares of Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock worth $675,000 after purchasing an additional 215 shares during the last quarter. AXQ Capital LP grew its holdings in shares of Blackbaud by 3.0% during the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock worth $526,000 after purchasing an additional 243 shares during the last quarter. Comerica Bank grew its holdings in shares of Blackbaud by 1.0% during the fourth quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock worth $1,573,000 after purchasing an additional 255 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. 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.