Blackbaud (NASDAQ:BLKB) Hits New 1-Year Low – What’s Next?

Blackbaud, Inc. (NASDAQ:BLKB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.00 and last traded at $45.2590, with a volume of 22137 shares traded. The stock had previously closed at $47.16.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLKB shares. Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a report on Wednesday, February 11th. Finally, Evercore set a $55.00 price target on Blackbaud in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.25.

Blackbaud Trading Down 0.8%

The stock has a market cap of $2.07 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11. The firm has a 50-day moving average price of $52.55 and a 200-day moving average price of $59.49. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $295.26 million for the quarter, compared to the consensus estimate of $292.71 million. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. Blackbaud’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts anticipate that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Blackbaud

In other news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the sale, the executive vice president owned 135,194 shares in the company, valued at $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kevin Mcdearis sold 15,462 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $46.43, for a total transaction of $717,900.66. Following the sale, the executive vice president directly owned 91,756 shares of the company’s stock, valued at $4,260,231.08. This trade represents a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 39,801 shares of company stock worth $1,893,874. Corporate insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

Several institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC raised its stake in shares of Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after purchasing an additional 483 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Blackbaud by 380.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after buying an additional 487 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after buying an additional 602 shares during the last quarter. Quarry LP bought a new stake in Blackbaud in the 3rd quarter worth about $46,000. Finally, Kestra Advisory Services LLC bought a new stake in Blackbaud in the 4th quarter worth about $47,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.