Blackbaud, Inc. (BLKB) – What Are Brokerages Thinking About This Stock?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have been given an average rating of “Hold” by the five brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $49.50.

Several brokerages have recently commented on BLKB. Robert W. Baird boosted their target price on Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Raymond James Financial restated an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, July 29th. Weiss Ratings raised Blackbaud from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. Finally, Stifel Nicolaus cut their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th.

Insiders Place Their Bets

In other news, EVP David J. Benjamin sold 2,086 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the completion of the sale, the executive vice president directly owned 71,038 shares in the company, valued at approximately $3,429,004.26. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Gianoni sold 17,000 shares of Blackbaud stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the completion of the transaction, the chief executive officer directly owned 423,264 shares of the company’s stock, valued at $20,041,550.40. This represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,086 shares of company stock worth $2,001,761 in the last three months. Company insiders own 2.01% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLKB. Altshuler Shaham Ltd acquired a new position in shares of Blackbaud during the first quarter worth approximately $29,000. Parallel Advisors LLC increased its holdings in shares of Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after purchasing an additional 660 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Performa Ltd US LLC increased its holdings in shares of Blackbaud by 337.5% in 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. Finally, Parkside Financial Bank & Trust raised its position in Blackbaud by 107.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 959 shares of the technology company’s stock worth $28,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Price Performance

NASDAQ:BLKB opened at $51.65 on Monday. The firm has a market cap of $2.34 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. Blackbaud has a 12 month low of $25.58 and a 12 month high of $70.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. The company’s 50-day moving average price is $45.49 and its two-hundred day moving average price is $37.67.

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

Blackbaud Company Profile

Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.

The company’s product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.