Blackbaud, Inc. (NASDAQ:BLKB) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate Blackbaud “Hold,” with one sell, two hold and two buy recommendations; the average 12-month price target is $48.50.
• Blackbaud reported quarterly EPS of $1.33, exceeding estimates of $1.23, while revenue rose 3.3% year over year to $290.6 million, slightly below expectations.
• Shares opened at $47.52, up 2.3%, while insiders recently sold stock; institutional investors own approximately 94.21% of the company.

Shares of Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) have been given a consensus recommendation of "Hold" by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.50.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Blackbaud from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Weiss Ratings upgraded Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Blackbaud in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $54.00 target price on shares of Blackbaud in a research report on Thursday, July 30th.

Blackbaud Trading Up 2.3%

Shares of Blackbaud stock opened at $47.52 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. Blackbaud has a 52 week low of $25.58 and a 52 week high of $70.71. The stock has a 50 day moving average price of $35.31 and a two-hundred day moving average price of $37.98. 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 issued its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, topping 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 company had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. During the same period in the prior year, the firm earned $1.21 earnings per share. Blackbaud's revenue for the quarter was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts anticipate that Blackbaud will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Blackbaud

In related news, EVP Kevin P. Gregoire sold 22,000 shares of the company's stock in a transaction that occurred on 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. This represents a 16.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Chad Anderson sold 6,205 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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

Several hedge funds have recently made changes to their positions in BLKB. Altshuler Shaham Ltd bought a new position in Blackbaud in the 1st quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in shares of Blackbaud by 528.0% in the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company's stock worth $30,000 after buying an additional 660 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company's stock worth $33,000 after buying an additional 266 shares in the last quarter. Rothschild Investment LLC lifted its holdings 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 buying an additional 483 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Blackbaud by 243.9% in the second quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company's stock valued at $38,000 after acquiring an additional 912 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Blackbaud Company Profile

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.

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