Blackbaud (BLKB) to Release Quarterly Earnings on Wednesday

Blackbaud (NASDAQ:BLKB - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $276.48 million for the quarter. Blackbaud has set its FY 2025 guidance at 4.160-4.350 EPS.

Blackbaud (NASDAQ:BLKB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. Blackbaud had a negative net margin of 25.05% and a positive return on equity of 38.58%. The company had revenue of $270.66 million for the quarter, compared to the consensus estimate of $268.53 million. During the same quarter in the prior year, the company earned $0.93 EPS. Blackbaud's quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect Blackbaud to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Blackbaud Stock Performance

NASDAQ BLKB traded up $0.15 on Friday, hitting $65.40. 168,022 shares of the company's stock traded hands, compared to its average volume of 219,471. The firm's 50-day moving average price is $63.40 and its two-hundred day moving average price is $66.23. The firm has a market capitalization of $3.17 billion, a PE ratio of -11.08, a P/E/G ratio of 4.87 and a beta of 1.14. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 35.64. Blackbaud has a 1-year low of $58.05 and a 1-year high of $88.95.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their target price on shares of Blackbaud from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $78.67.

Insider Activity at Blackbaud

In other news, SVP Jon W. Olson sold 10,698 shares of Blackbaud stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $61.15, for a total transaction of $654,182.70. Following the completion of the transaction, the senior vice president directly owned 23,799 shares of the company's stock, valued at $1,455,308.85. The trade was a 31.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Chad Anderson sold 5,500 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $63.99, for a total transaction of $351,945.00. Following the completion of the transaction, the chief financial officer owned 35,976 shares of the company's stock, valued at approximately $2,302,104.24. This represents a 13.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Blackbaud by 1.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company's stock valued at $1,454,000 after acquiring an additional 361 shares during the period. Jones Financial Companies Lllp boosted its position in Blackbaud by 293.1% during the first quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company's stock worth $478,000 after purchasing an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Blackbaud by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company's stock valued at $14,225,000 after purchasing an additional 47,549 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Blackbaud by 4.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company's stock valued at $6,314,000 after buying an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Blackbaud by 886.2% in the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company's stock valued at $9,911,000 after buying an additional 143,533 shares in the last quarter. Hedge funds and other institutional investors own 94.21% 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.