Blackbaud, Inc. (NASDAQ:BLKB) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have given Blackbaud, Inc. a consensus rating of "Hold", with one sell, three hold, and one buy recommendation, and an average price target of $78.67.
• Recent insider sales include EVP Kevin P. Gregoire selling 8,000 shares for approximately $581,360, and Director Rupal S. Hollenbeck selling 2,500 shares worth $159,950.
• Blackbaud reported $1.21 earnings per share for the latest quarter, surpassing estimates, but saw a 2.1% revenue decline year-over-year.

Shares of Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $78.6667.

Several research firms have commented on BLKB. Wall Street Zen raised shares of Blackbaud from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Blackbaud in a report on Saturday, September 27th.

Insiders Place Their Bets

In other Blackbaud news, EVP Kevin P. Gregoire sold 8,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $72.67, for a total transaction of $581,360.00. Following the transaction, the executive vice president owned 111,156 shares in the company, valued at approximately $8,077,706.52. This represents a 6.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rupal S. Hollenbeck sold 2,500 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $63.98, for a total transaction of $159,950.00. Following the transaction, the director owned 7,966 shares in the company, valued at $509,664.68. This represents a 23.89% decrease in their position. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blackbaud

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLKB. CWM LLC boosted its stake in Blackbaud by 215.9% in the 2nd quarter. CWM LLC now owns 458 shares of the technology company's stock worth $29,000 after purchasing an additional 313 shares during the period. Versant Capital Management Inc boosted its stake in Blackbaud by 127.4% in the 1st quarter. Versant Capital Management Inc now owns 523 shares of the technology company's stock worth $32,000 after purchasing an additional 293 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Blackbaud in the 2nd quarter worth approximately $33,000. UMB Bank n.a. boosted its stake in Blackbaud by 63.2% in the 1st quarter. UMB Bank n.a. now owns 692 shares of the technology company's stock worth $43,000 after purchasing an additional 268 shares during the period. Finally, Parallel Advisors LLC bought a new position in Blackbaud in the 2nd quarter worth approximately $44,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Stock Down 0.1%

Shares of NASDAQ BLKB traded down $0.07 during trading on Friday, hitting $63.04. The stock had a trading volume of 202,489 shares, compared to its average volume of 374,824. Blackbaud has a 12 month low of $58.05 and a 12 month high of $88.95. The company has a debt-to-equity ratio of 12.92, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $3.06 billion, a PE ratio of -10.91, a PEG ratio of 4.41 and a beta of 1.11. The firm has a fifty day moving average of $65.65 and a two-hundred day moving average of $63.86.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.16. The company had revenue of $281.38 million during the quarter, compared to analyst estimates of $276.48 million. Blackbaud had a negative net margin of 24.82% and a positive return on equity of 61.72%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. Blackbaud has set its FY 2025 guidance at 4.300-4.500 EPS. As a group, equities research analysts forecast that Blackbaud will post 3.05 EPS for the current fiscal year.

About Blackbaud

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.

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