Blackbaud, Inc. (NASDAQ:BLKB) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts hold a neutral view: Five brokerages give Blackbaud an average “Hold” rating, with a consensus 12-month price target of $49.50. Ratings include one sell, two holds, and two buys.
• Quarterly results exceeded profit expectations: Blackbaud reported adjusted earnings of $1.33 per share, above the $1.23 consensus estimate, while revenue rose 3.3% year over year to $290.6 million but came in slightly below forecasts.
• Institutional ownership remains high, while insiders have sold shares: Institutional investors own 94.21% of the stock, whereas company insiders sold 43,086 shares worth approximately $2.0 million over the past 90 days.

Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) has received an average recommendation of "Hold" from the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.50.

Several equities research analysts have recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating and set a $55.00 price objective on shares of Blackbaud in a research report on Wednesday, July 29th. Robert W. Baird raised their target price on shares of Blackbaud from $54.00 to $58.00 and gave the company an "outperform" rating in a research note on Tuesday. Weiss Ratings upgraded shares of Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus decreased their price target on shares of Blackbaud from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, July 10th.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 2,000 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $47.56, for a total value of $95,120.00. Following the sale, the chief financial officer owned 59,883 shares in the company, valued at approximately $2,848,035.48. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David Benjamin sold 2,086 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $48.27, for a total transaction of $100,691.22. Following the transaction, the executive vice president owned 71,038 shares of the company's stock, valued at $3,429,004.26. This trade represents a 2.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 43,086 shares of company stock valued at $2,001,761. 2.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC raised its position in Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company's stock valued at $36,000 after purchasing an additional 483 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Blackbaud by 380.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company's stock worth $39,000 after purchasing an additional 487 shares during the period. TD Private Client Wealth LLC raised its position in Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company's stock worth $39,000 after purchasing an additional 602 shares during the period. Altshuler Shaham Ltd bought a new stake in Blackbaud in the first quarter worth about $29,000. Finally, Parallel Advisors LLC boosted its position in shares of Blackbaud by 528.0% during the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company's stock valued at $30,000 after buying an additional 660 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Blackbaud Trading Down 0.6%

Shares of NASDAQ:BLKB opened at $44.82 on Thursday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The stock's 50-day simple moving average is $41.90 and its two-hundred day simple moving average is $37.68. Blackbaud has a 52-week low of $25.58 and a 52-week high of $70.71.

Blackbaud (NASDAQ:BLKB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business had revenue of $290.60 million for the quarter, compared to analysts' expectations of $292.23 million. During the same quarter last year, the company posted $1.21 EPS. The company's revenue was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts expect that Blackbaud will post 3.71 EPS for the current year.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software and related services to organizations serving social good. Its customers include nonprofit organizations, educational institutions, healthcare organizations, foundations, faith-based organizations, arts and cultural institutions, and other mission-driven groups.

The company's solutions support fundraising, donor and constituent relationship management, financial management, grantmaking, marketing, ticketing, education administration, and peer-to-peer and charitable giving.

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