Blackbaud's (BLKB) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D)" rating for Blackbaud (BLKB), while Wall Street Zen has upgraded the stock from a "hold" to a "buy" rating.
• Blackbaud's recent quarterly earnings report revealed an EPS of $1.21, exceeding estimates, but the company experienced a 2.1% decline in revenue compared to the same period last year.
• Insider transactions show significant selling activity, with executives selling thousands of shares, reflecting a 6.71% and 23.89% decrease in their stock ownership.

Blackbaud (NASDAQ:BLKB - Get Free Report)'s stock had its "sell (d)" rating restated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Blackbaud from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $70.50.

Blackbaud Trading Up 0.5%

BLKB traded up $0.30 during mid-day trading on Wednesday, hitting $63.05. The stock had a trading volume of 198,017 shares, compared to its average volume of 304,683. Blackbaud has a 1-year low of $58.05 and a 1-year high of $88.95. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -10.91, a price-to-earnings-growth ratio of 4.42 and a beta of 1.11. 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 stock's fifty day simple moving average is $65.60 and its 200-day simple moving average is $63.85.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Blackbaud

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its holdings in Blackbaud by 215.9% during the second 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Blackbaud in the second quarter valued at approximately $33,000. UMB Bank n.a. boosted its stake in shares of Blackbaud by 63.2% during the 1st quarter. UMB Bank n.a. now owns 692 shares of the technology company's stock worth $43,000 after acquiring an additional 268 shares during the period. Parallel Advisors LLC bought a new position in shares of Blackbaud during the 2nd quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Blackbaud by 46.6% during the 3rd quarter. GAMMA Investing LLC now owns 777 shares of the technology company's stock worth $50,000 after acquiring an additional 247 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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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