Blackbaud (BLKB) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BLKB shares.
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1 equities research analysts have issued 1-year price targets for Blackbaud's shares. Their BLKB share price forecasts range from $84.00 to $84.00. On average, they expect the company's stock price to reach $84.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
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Blackbaud's stock was trading at $58.86 on January 1st, 2023. Since then, BLKB stock has increased by 24.6% and is now trading at $73.36.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our BLKB earnings forecast.

Blackbaud, Inc. (NASDAQ:BLKB) posted its quarterly earnings data on Tuesday, February, 14th. The technology company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.08. The technology company had revenue of $274.76 million for the quarter, compared to the consensus estimate of $278.24 million. Blackbaud had a positive trailing twelve-month return on equity of 8.29% and a negative net margin of 4.68%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS.

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), VanEck Morningstar SMID Moat ETF (SMOT), SPDR S&P Software & Services ETF (XSW), First Trust Cloud Computing ETF (SKYY), Direxion Daily Cloud Computing Bull 2x (CLDL) and iShares Exponential Technologies ETF (XT).

Blackbaud updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $3.63-$3.94 for the period, compared to the consensus estimate of $3.47. The company issued revenue guidance of $1.09 billion-$1.13 billion, compared to the consensus revenue estimate of $1.09 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 trades on the NASDAQ under the ticker symbol "BLKB."

Blackbaud's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.17%), P2 Capital Partners LLC (3.25%), FMR LLC (3.20%), State Street Corp (2.87%), Hawk Ridge Capital Management LP (2.82%) and Greenhouse Funds LLLP (2.14%). Insiders that own company stock include Andrew Brannan, Andrew M Leitch, Anthony W Boor, 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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One share of BLKB stock can currently be purchased for approximately $73.36.

Blackbaud (NASDAQ:BLKB) has a market capitalization of $3.95 billion and generates $1.06 billion in revenue each year. The technology company earns $-45,410,000.00 in net income (profit) each year or ($0.96) on an earnings per share basis.

The company employs 3,200 workers across the globe.

Blackbaud's mailing address is 65 FAIRCHILD STREET, CHARLESTON SC, 29492. The official website for the company is www.blackbaud.com. The technology company can be reached via phone at (843) 216-6200, via email at steve.hufford@blackbaud.com, or via fax at 843-216-6100.