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

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have received an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $48.50.

BLKB has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 23rd. Stifel Nicolaus dropped their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Robert W. Baird set a $54.00 price objective on Blackbaud in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th.

Blackbaud Trading Up 2.5%

BLKB opened at $45.50 on Wednesday. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50 day simple moving average is $31.00 and its two-hundred day simple moving average is $38.73. Blackbaud has a 1-year low of $25.58 and a 1-year high of $70.71. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. During the same period in the prior year, the business earned $1.21 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts expect that Blackbaud will post 3.57 EPS for the current fiscal year.

Insider Activity at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the sale, the chief financial officer owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.01% of the company’s stock.

Hedge Funds Weigh In On Blackbaud

Hedge funds have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd purchased a new position in shares of Blackbaud in the 1st quarter valued at $29,000. Parallel Advisors LLC boosted its stake in 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 acquiring an additional 660 shares in the last quarter. 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. Rothschild Investment LLC increased its position in shares of Blackbaud by 589.0% during 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 in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Blackbaud by 243.9% in the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 912 shares during the last quarter. 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.