Blackbaud (NASDAQ:BLKB) Price Target Raised to $58.00 at Robert W. Baird

Key Points

• Robert W. Baird raised Blackbaud’s price target to $58 from $54 and maintained an “outperform” rating, implying approximately 27% upside from the stock’s current price.
• Blackbaud reported quarterly EPS of $1.33, beating the $1.23 consensus estimate, while revenue reached $290.6 million and increased 3.3% year over year. Despite the results, analysts’ overall consensus remains “Hold,” with an average target price of $49.50.
• Insiders sold 43,086 shares worth roughly $2.0 million over the past three months, while institutional investors own 94.21% of the company’s stock.

Blackbaud (NASDAQ:BLKB - Get Free Report) had its price objective boosted by equities research analysts at Robert W. Baird from $54.00 to $58.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Robert W. Baird's price objective points to a potential upside of 27.00% from the stock's current price.

Several other equities research analysts have also issued reports on the company. Weiss Ratings upgraded Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Stifel Nicolaus dropped their price objective on Blackbaud from $45.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, July 10th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Blackbaud in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.50.

Blackbaud Trading Up 0.4%

Blackbaud stock opened at $45.67 on Tuesday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. Blackbaud has a 1 year low of $25.58 and a 1 year high of $70.71. The firm's 50 day moving average price is $41.28 and its two-hundred day moving average price is $37.73. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business's quarterly revenue was up 3.3% on a year-over-year basis. 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, research analysts predict that Blackbaud will post 3.71 EPS for the current fiscal year.

Insider Buying and Selling at Blackbaud

In other news, EVP Kevin Gregoire sold 22,000 shares of Blackbaud stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the sale, the executive vice president directly owned 113,194 shares in the company, valued at approximately $5,150,327. The trade was a 16.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Chad Anderson sold 2,000 shares of Blackbaud stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total value of $95,120.00. Following the sale, the chief financial officer directly owned 59,883 shares in the company, valued at $2,848,035.48. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,086 shares of company stock worth $2,001,761 over the last three months. 2.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC raised its position in shares of Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company's stock valued at $36,000 after purchasing an additional 483 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Blackbaud by 380.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company's stock worth $39,000 after buying an additional 487 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Blackbaud by 4,300.0% during the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company's stock worth $39,000 after buying an additional 602 shares during the period. Altshuler Shaham Ltd acquired a new position in Blackbaud in the 1st quarter valued at about $29,000. Finally, Parallel Advisors LLC grew its stake in Blackbaud by 528.0% in the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company's stock valued at $30,000 after buying an additional 660 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.

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