Blackbaud Stock Price, News & Analysis (NASDAQ:BLKB)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLKB shares.
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2 brokers have issued 1 year price targets for Blackbaud's shares. Their BLKB share price targets range from $84.00 to $88.00. On average, they expect the company's stock price to reach $86.00 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
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Blackbaud's stock was trading at $58.86 at the beginning of the year. Since then, BLKB shares have increased by 45.7% and is now trading at $85.73.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
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Blackbaud, Inc. (NASDAQ:BLKB) issued its quarterly earnings results on Tuesday, October, 31st. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.13. The technology company had revenue of $277.63 million for the quarter, compared to analyst estimates of $277.08 million. Blackbaud had a negative net margin of 2.29% and a positive trailing twelve-month return on equity of 12.01%.

Blackbaud (NASDAQ:BLKB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for BLKB.

ETFs with the largest weight of Blackbaud (NASDAQ:BLKB) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), VanEck Morningstar ESG Moat ETF (MOTE), Wedbush ETFMG Global Cloud Technology ETF (IVES), iShares Exponential Technologies ETF (XT) and Direxion Daily Cloud Computing Bull 2x (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Blackbaud issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $3.63-$3.94 for the period, compared to the consensus earnings per share estimate of $3.79. The company issued revenue guidance of $1.09 billion-$1.13 billion, compared to the consensus revenue estimate of $1.11 billion.

599 employees have rated Blackbaud Chief Executive Officer Michael Gianoni on Glassdoor.com. Michael Gianoni has an approval rating of 82% among the company's employees. 74.0% of employees surveyed would recommend working at Blackbaud to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Intel (INTC), Suncor Energy (SU), Broadcom (AVGO), Bank of America (BAC), Baidu (BIDU), Fortinet (FTNT), IPG Photonics (IPGP), McDonald's (MCD) and Marathon Petroleum (MPC).

Blackbaud's stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (7.95%), FMR LLC (2.93%), Hawk Ridge Capital Management LP (2.76%), Van Berkom & Associates Inc. (1.53%), Northern Trust Corp (1.30%) and Bank of New York Mellon Corp (0.76%). Insiders that own company stock include Andrew Brannan, Andrew M Leitch, Anthony W Boor, David J Benjamin, George H Ellis, Jon W Olson, Joyce Nelson, Kevin Mcdearis, Kevin P Gregoire, Kevin W Mooney, Michael P Gianoni and Sarah E Nash.
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Shares of BLKB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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