NASDAQ:BLKB

Blackbaud (BLKB) Stock Forecast, Price & News

$70.32

-0.21 (-0.30%)

(As of 09/29/2023 ET)

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Today's Range: $70.02
▼
$71.87
50-Day Range: $70.32
▼
$76.13
52-Week Range: $44.01
▼
$78.71

Volume: 158,793 shs
Average Volume: 149,260 shs
Market Capitalization: $3.79 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $86.00

Blackbaud MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.3% Upside
$86.00 Price Target
Short Interest: Healthy
1.24% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.28
Upright™ Environmental Score
News Sentiment: 0.97
Based on 8 Articles This Week
Insider Trading: Selling Shares
$2.24 M Sold Last Quarter
Proj. Earnings Growth: 33.51%
From $1.88 to $2.51 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

223rd out of 607 stocks

Prepackaged Software Industry

65th out of 211 stocks

2.5

Analyst's Opinion

Consensus Rating
Blackbaud has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.00, Blackbaud has a forecasted upside of 22.3% from its current price of $70.32.
Amount of Analyst Coverage
Blackbaud has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.24% of the float of Blackbaud has been sold short.
Short Interest Ratio / Days to Cover
Blackbaud has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Blackbaud has recently increased by 2.92%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Blackbaud does not currently pay a dividend.
Dividend Growth
Blackbaud does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Blackbaud has received a 38.82% net impact score from Upright. Blackbaud seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Volunteer management software", "Ticketing platforms", and "Fundraising management software for corporations" products. See details.
Environmental Sustainability
The Environmental Impact score for Blackbaud is -0.28.

3.9

News and Social Media Coverage

News Sentiment
Blackbaud has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Blackbaud this week, compared to 4 articles on an average week.
Search Interest
2 people have searched for BLKB on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Blackbaud to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blackbaud insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,235,865.00 in company stock.
Percentage Held by Insiders
Only 1.89% of the stock of Blackbaud is held by insiders.
Percentage Held by Institutions
93.06% of the stock of Blackbaud is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Blackbaud are expected to grow by 33.51% in the coming year, from $1.88 to $2.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blackbaud is -82.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blackbaud is -82.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Blackbaud has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Blackbaud has a P/B Ratio of 5.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Blackbaud (NASDAQ:BLKB) Stock

Blackbaud, Inc. provides cloud software solutions to higher education institutions, K12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents 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 Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; education solutions, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect, and EVERFI; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as Data Health, Insights, and Performance solutions and services. It sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.

BLKB Price History

30 days | 90 days | 365 days | Advanced Chart

BLKB Stock News Headlines

September 27, 2023 | msn.com

Blackbaud: Upside From Capital Allocation And Contract Renewal (Rating Upgrade)

September 26, 2023 | stocknews.com

3 Software Stocks on the Rise

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 26, 2023 | finanznachrichten.de

Blackbaud, Inc.: America Ferrera To Speak in Keynote Conversation at Blackbaud's bbcon 2023 Tech Conference

September 26, 2023 | money.usnews.com

Blackbaud Inc

September 25, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of Blackbaud, Inc. (NASDAQ:BLKB)

September 12, 2023 | stocknews.com

3 Game-Changing Software Stocks to Buy

September 8, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Toast Inc (TOST), Roku (ROKU) and Blackbaud (BLKB)

October 1, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 7, 2023 | finance.yahoo.com

America Ferrera Will Join the Mainstage at Blackbaud's bbcon 2023 Tech Conference

August 31, 2023 | finance.yahoo.com

Why Is Blackbaud (BLKB) Up 1% Since Last Earnings Report?

August 31, 2023 | finance.yahoo.com

Truth Initiative and EVERFI Collaborate to Launch Updated Prescription Drug Safety Curriculum for Middle and High School Students Amid Growing Youth Overdose Crisis

August 30, 2023 | finance.yahoo.com

Blackbaud Customers Raise Millions of Dollars for Victims of the Hawaii Wildfires

August 28, 2023 | finance.yahoo.com

JustGiving to Revolutionize Fundraising with the Integration of Generative AI

August 14, 2023 | finance.yahoo.com

Blackbaud Names Todd Lant Chief Customer Officer

August 10, 2023 | seekingalpha.com

Blackbaud, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 7, 2023 | markets.businessinsider.com

Blackbaud (BLKB) Gets a Hold from Stifel Nicolaus

August 2, 2023 | msn.com

Blackbaud (BLKB) Q2 Earnings Top Estimates, Revenues Up Y/Y

August 1, 2023 | finance.yahoo.com

Blackbaud (BLKB) Q2 Earnings Surpass Estimates

August 1, 2023 | finance.yahoo.com

Blackbaud Announces 2023 Second Quarter Results

July 31, 2023 | markets.businessinsider.com

Blackbaud is about to announce earnings — here's what Wall Street expects

July 31, 2023 | finance.yahoo.com

Blackbaud Invests in Generative AI Startup for Social Impact

July 20, 2023 | finance.yahoo.com

Blackbaud (BLKB) Upgraded to Buy: Here's Why

July 19, 2023 | finance.yahoo.com

Microsoft (MSFT) Surges 4.0%: Is This an Indication of Further Gains?

July 19, 2023 | seekingalpha.com

Blackbaud: Don't Get Greedy

July 18, 2023 | finance.yahoo.com

Blackbaud Announces Date of Second Quarter 2023 Financial Results

July 13, 2023 | finance.yahoo.com

Blackbaud (NASDAQ:BLKB) Will Want To Turn Around Its Return Trends

See More Headlines

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BLKB Company Calendar

Last Earnings: 8/01/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:BLKB
CUSIP: 09227Q10
CIK: 1280058
Web: www.blackbaud.com
Phone: (843) 216-6200
Fax: 843-216-6100
Employees: 3,200
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $86.00
High Stock Price Forecast: $88.00
Low Stock Price Forecast: $84.00
Forecasted Upside/Downside: +22.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.85)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 37.40
P/E Growth: 1.68
Net Income: $-45,410,000.00
Net Margins: -4.13%
Pretax Margin: -5.99%
Return on Equity: 9.43%
Return on Assets: 2.46%

Debt

Debt-to-Equity Ratio: 1.09
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $1.06 billion
Price / Sales: 3.58
Cash Flow: $2.97 per share
Price / Cash Flow: 23.70
Book Value: $14.01 per share
Price / Book: 5.02

Miscellaneous

Outstanding Shares: 53,850,000
Free Float: 52,837,000
Market Cap: $3.79 billion
Optionable: Optionable
Beta: 1.17

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Key Executives

Mr. Michael P. Gianoni (Age 62)
Pres, CEO & Director
Comp: $809.06k

Mr. Anthony W. Boor (Age 60)
Exec. VP of Fin. & Admin. and CFO
Comp: $517.45k

Mr. Kevin P. Gregoire (Age 55)
Exec. VP & COO
Comp: $472.84k

Mr. Kevin R. McDearis (Age 55)
Exec. VP & Chief Technology Officer
Comp: $462.58k

Mr. David J. Benjamin (Age 51)
Exec. VP & Chief Commercial Officer
Comp: $840.08k

Mr. Chad Anderson
Chief Accounting Officer

Mr. Charles L. Longfield (Age 66)
Sr. VP & Chief Scientist

Steve Hufford
Director of Investor Relations

Mr. Jon W. Olson (Age 59)
Sr. VP, Gen. Counsel & Corp. Sec.

Nicole McGougan
PR Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BLKB Stock - Frequently Asked Questions

Should I buy or sell Blackbaud stock right now?: 2 Wall Street 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 analysts is that investors should "buy" BLKB shares.
View BLKB analyst ratings or view top-rated stocks.
What is Blackbaud's stock price forecast for 2023?: 2 analysts have issued 1-year price objectives for Blackbaud's stock. Their BLKB share price forecasts range from $84.00 to $88.00. On average, they expect the company's share price to reach $86.00 in the next year. This suggests a possible upside of 22.3% from the stock's current price.
View analysts price targets for BLKB or view top-rated stocks among Wall Street analysts.
How have BLKB shares performed in 2023?: Blackbaud's stock was trading at $58.86 at the start of the year. Since then, BLKB stock has increased by 19.5% and is now trading at $70.32.
View the best growth stocks for 2023 here.
When is Blackbaud's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our BLKB earnings forecast.
How were Blackbaud's earnings last quarter?: Blackbaud, Inc. (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday, August, 1st. The technology company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The technology company earned $271.04 million during the quarter, compared to the consensus estimate of $272.65 million. Blackbaud had a negative net margin of 4.13% and a positive trailing twelve-month return on equity of 9.43%.
What ETFs hold Blackbaud's stock?: 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).
What guidance has Blackbaud issued on next quarter's earnings?: Blackbaud updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $3.63-$3.94 for the period, compared to the consensus estimate of $3.76. The company issued revenue guidance of $1.09 billion-$1.13 billion, compared to the consensus revenue estimate of $1.11 billion.
What is Michael Gianoni's approval rating as Blackbaud's CEO?: 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.

What other stocks do shareholders of Blackbaud own?: 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).
What is Blackbaud's stock symbol?: Blackbaud trades on the NASDAQ under the ticker symbol "BLKB."
How do I buy shares of Blackbaud?: 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.
Compare Top Brokerages Here.
What is Blackbaud's stock price today?: One share of BLKB stock can currently be purchased for approximately $70.32.
How much money does Blackbaud make?: Blackbaud (NASDAQ:BLKB) has a market capitalization of $3.79 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 ($0.85) on an earnings per share basis.
How many employees does Blackbaud have?: The company employs 3,200 workers across the globe.
Does Blackbaud have any subsidiaries?: The following companies are subsidiares of Blackbaud: ACN 161 644 328 Pty. Ltd., AcademicWorks, Attentive.ly, BB Real Property Development LLC, BBHQ1 LLC, Blackbaud Asia Ltd., Blackbaud Canada Inc., Blackbaud Europe Ltd., Blackbaud Global Ltd., Blackbaud Latin America S.R.L., Blackbaud Pacific Pty. Ltd., Campagne Associates Ltd., Click 4 Compliance LLC, Convio Inc, EVERFI International Ltd., EVERFI Middle East Ltd., Ed Comms Pty Ltd., Educational Communications Ltd., EverFi Canada Inc., EverFi Inc., Everfi, Everyday Hero Ltd., Everyday Hero Pty. Ltd, Everyday Hero Pty. Ltd., Giving Limited, Giving.com Limited, JG US Inc., JGCrowdfunding USA LLC, JustGiving, Kintera, Lawroom.com, MicroEdge LLC, MyCharity Ltd., Public Interest Data LLC, RLC Customer Centric Technology B.V., Reeher, Smart LLC, Smart Tuition, Target Analysis Group Inc., WhippleHill Inc., YC Blocker 1 LLC, YourCause, YourCause Holdings LLC, YourCause LLC, and eTapestry.
Read More
How can I contact Blackbaud?: 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.

This page (NASDAQ:BLKB) was last updated on 10/1/2023 by MarketBeat.com Staff

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