Blackbaud, Inc. (BLKB) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Blackbaud, with three holds and two buys and an average 12-month price target of $49.50.
• Blackbaud’s latest quarterly results exceeded expectations, with adjusted EPS of $1.33 versus the $1.23 consensus estimate, while revenue rose 3.3% year over year to $290.6 million.
• Institutional investors own 94.21% of the stock, while company insiders sold 43,086 shares worth about $2.0 million during the past 90 days.

Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $49.50.

BLKB has been the subject of several research analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Stifel Nicolaus dropped their price objective on Blackbaud from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, July 10th. Robert W. Baird raised their price objective on Blackbaud from $54.00 to $58.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings upgraded Blackbaud from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, September 24th.

Insiders Place Their Bets

In other Blackbaud news, CFO Chad Anderson sold 2,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 59,883 shares in the company, valued at $2,848,035.48. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Gianoni sold 17,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total value of $804,950.00. Following the sale, the chief executive officer directly owned 423,264 shares in the company, valued at approximately $20,041,550.40. This represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,086 shares of company stock valued at $2,001,761 over the last ninety days. 2.01% of the stock is owned by insiders.

Institutional Trading of Blackbaud

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Blackbaud in the 2nd quarter valued at $177,153,000. Janus Henderson Group PLC boosted its stake in Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company's stock worth $60,071,000 after purchasing an additional 58,806 shares during the period. Jupiter Topco LLC acquired a new position in Blackbaud in the 2nd quarter worth $47,145,000. Clearline Capital LP increased its holdings in Blackbaud by 20.9% during the 4th quarter. Clearline Capital LP now owns 385,281 shares of the technology company's stock worth $24,396,000 after purchasing an additional 66,688 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Blackbaud by 2.9% during the 1st quarter. First Trust Advisors LP now owns 405,331 shares of the technology company's stock worth $15,650,000 after purchasing an additional 11,342 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Price Performance

Blackbaud stock opened at $45.48 on Monday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.56 and a beta of 1.04. The company's 50 day simple moving average is $45.12 and its 200 day simple moving average is $37.31. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. Blackbaud has a fifty-two week low of $25.58 and a fifty-two week high of $70.71.

Blackbaud (NASDAQ:BLKB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.23 by $0.10. The firm had revenue of $290.60 million during the quarter, compared to the consensus estimate 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 quarter 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. As a group, sell-side analysts anticipate that Blackbaud will post 3.71 EPS for the current year.

About Blackbaud

Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.

The company's product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.

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