Blackbaud (NASDAQ:BLKB) Issues FY 2025 Earnings Guidance

Blackbaud (NASDAQ:BLKB) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.160-4.350 for the period, compared to the consensus EPS estimate of 4.670. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLKB. Robert W. Baird cut Blackbaud from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $80.00 in a report on Thursday, October 31st. Baird R W cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Blackbaud presently has a consensus rating of “Hold” and an average price target of $86.67.

Blackbaud Price Performance

BLKB stock opened at $79.88 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $77.07 and a 200-day simple moving average of $80.41. The firm has a market capitalization of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08. Blackbaud has a 1 year low of $66.47 and a 1 year high of $88.95.

Insider Buying and Selling

In other news, CFO Anthony W. Boor sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total transaction of $848,500.00. Following the completion of the transaction, the chief financial officer now directly owns 140,262 shares in the company, valued at $11,901,230.70. This trade represents a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Gianoni sold 9,479 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $88.13, for a total value of $835,384.27. Following the transaction, the chief executive officer now owns 344,079 shares of the company’s stock, valued at approximately $30,323,682.27. This represents a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,279 shares of company stock worth $1,750,404. Company insiders own 1.95% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.