NASDAQ:BLKB - Blackbaud Stock Price, Forecast & News

Blackbaud's stock was trading at $61.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BLKB stock has decreased by 13.0% and is now trading at $53.18. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Blackbaud.

Blackbaud is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Blackbaud.

Blackbaud, Inc. (NASDAQ:BLKB) released its earnings results on Monday, February, 10th. The technology company reported $0.51 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.01. The technology company earned $238.10 million during the quarter, compared to the consensus estimate of $232.17 million. Blackbaud had a net margin of 1.32% and a return on equity of 16.12%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. View Blackbaud's earnings history.

Blackbaud declared a quarterly dividend on Monday, February 10th. Investors of record on Friday, February 28th will be paid a dividend of $0.12 per share on Friday, March 13th. This represents a $0.48 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. View Blackbaud's dividend history.

Blackbaud issued an update on its FY20 earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of $2 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The company issued revenue guidance of $937.77 million, compared to the consensus revenue estimate of 20-2.35.

4 Wall Street analysts have issued 1 year price targets for Blackbaud's stock. Their forecasts range from $80.00 to $92.00. On average, they anticipate Blackbaud's stock price to reach $87.00 in the next twelve months. This suggests a possible upside of 63.6% from the stock's current price. View analysts' price targets for Blackbaud.

News headlines about BLKB stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackbaud earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutBlackbaud.

Blackbaud saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,340,000 shares, an increase of 5.9% from the February 13th total of 4,100,000 shares. Based on an average trading volume of 310,300 shares, the days-to-cover ratio is presently 14.0 days. Approximately 9.0% of the shares of the company are sold short. View Blackbaud's Current Options Chain.

Some companies that are related to Blackbaud include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Citrix Systems (CTXS), Tyler Technologies (TYL), SS&C Technologies (SSNC), FactSet Research Systems (FDS), Fair Isaac (FICO) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Suncor Energy (SU), Broadcom (AVGO), Intel (INTC), IPG Photonics (IPGP), Marathon Petroleum (MPC), Philip Morris International (PM), AT&T (T), Verizon Communications (VZ) and Activision Blizzard (ATVI).

Blackbaud trades on the NASDAQ under the ticker symbol "BLKB."

Blackbaud's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (9.49%), Champlain Investment Partners LLC (5.29%), State Street Corp (3.15%), Fred Alger Management LLC (2.09%), Conestoga Capital Advisors LLC (2.07%) and FMR LLC (1.97%). Company insiders that own Blackbaud stock include Andrew M Leitch, Anthony W Boor, George H Ellis, Jon W Olson, Joyce Nelson, Kevin W Mooney, Michael P Gianoni, Sarah E Nash and Timothy C K Chou. View institutional ownership trends for Blackbaud.

BLKB stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Sei Investments Co., AXA, AlphaCrest Capital Management LLC, Conestoga Capital Advisors LLC, Goldman Sachs Group Inc., New York State Common Retirement Fund, and Fred Alger Management LLC. Company insiders that have sold Blackbaud company stock in the last year include Anthony W Boor, George H Ellis, Joyce Nelson, Kevin W Mooney, Michael P Gianoni, Sarah E Nash, and Timothy C K Chou. View insider buying and selling activity for Blackbaud.

BLKB stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Echo Street Capital Management LLC, FMR LLC, Van ECK Associates Corp, Bank of America Corp DE, UBS Group AG, Macquarie Group Ltd., and Macquarie Group Ltd.. View insider buying and selling activity for Blackbaud.

Shares of BLKB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BLKB stock can currently be purchased for approximately $53.18.

Blackbaud has a market capitalization of $2.61 billion and generates $900.42 million in revenue each year. The technology company earns $11.91 million in net income (profit) each year or $1.27 on an earnings per share basis. Blackbaud employs 3,611 workers across the globe. View additional information about Blackbaud.

The official website for Blackbaud is http://www.blackbaud.com/.

Blackbaud's mailing address is 65 FAIRCHILD STREET, CHARLESTON SC, 29492. The technology company can be reached via phone at 843-216-6200 or via email at [email protected]