Blackbaud, Inc. (NASDAQ:BLKB) Receives Average Recommendation of “Hold” from Analysts

Blackbaud, Inc. (NASDAQ:BLKB) has received a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $49.50.

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

Insider Buying and Selling

In other news, CFO Chad Anderson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed 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, EVP Kevin P. Gregoire sold 22,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $45.50, for a total value of $1,001,000.00. Following the transaction, the executive vice president directly owned 113,194 shares in the company, valued at $5,150,327. This represents a 16.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 43,086 shares of company stock valued at $2,001,761. 2.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Palisade Capital Management LP purchased a new stake in Blackbaud during the 2nd quarter valued at about $6,171,000. Wedge Capital Management L L P NC raised its stake in shares of Blackbaud by 117.1% in the second quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company’s stock worth $3,020,000 after purchasing an additional 54,997 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Blackbaud in the first quarter worth about $1,351,000. WINTON GROUP Ltd acquired a new stake in shares of Blackbaud during the fourth quarter worth about $4,533,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Blackbaud during the fourth quarter worth about $7,719,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Trading Up 0.4%

Shares of BLKB opened at $43.04 on Thursday. Blackbaud has a 1-year low of $25.58 and a 1-year high of $70.71. The company has a 50-day moving average of $42.69 and a 200 day moving average of $37.55. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. During the same period in the prior year, the firm earned $1.21 EPS. The company’s revenue for the quarter 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, research analysts expect that Blackbaud will post 3.71 EPS for the current year.

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.