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 year. 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 12 month price targets for Blackbaud's stock. Their BLKB share price targets range from $84.00 to $88.00. On average, they anticipate the company's share price to reach $86.00 in the next year. This suggests a possible upside of 6.8% 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 36.7% and is now trading at $80.49.
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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 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.13. The technology company earned $277.63 million during the quarter, compared to the consensus estimate 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%.

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 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 many different 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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