NASDAQ:BLKBBlackbaud 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. Since then, BLKB stock has increased by 3.4% and is now trading at $63.17. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last year. There are currently 1 sell rating and 4 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, August 4th 2020. View our earnings forecast for Blackbaud.

Blackbaud, Inc. (NASDAQ:BLKB) released its quarterly earnings data on Tuesday, May, 5th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The technology company had revenue of $223.62 million for the quarter, compared to analysts' expectations of $221.97 million. Blackbaud had a net margin of 1.95% and a return on equity of 15.99%. Blackbaud's revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. View Blackbaud's earnings history.

Blackbaud announced a quarterly dividend on Monday, February 10th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share on Friday, March 13th. This represents a $0.48 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 27th. View Blackbaud's dividend history.

5 brokerages have issued 12 month target prices for Blackbaud's stock. Their forecasts range from $50.00 to $92.00. On average, they anticipate Blackbaud's stock price to reach $74.00 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Blackbaud.

News coverage about BLKB stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackbaud earned a news impact score of 1.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutBlackbaud.

Blackbaud saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,980,000 shares, a drop of 6.9% from the April 30th total of 3,200,000 shares. Based on an average daily trading volume, of 525,800 shares, the days-to-cover ratio is presently 5.7 days. Currently, 6.1% of the company's shares 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), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS) and Guidewire Software (GWRE). View all competitors.

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

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

Blackbaud's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.58%), Atlanta Capital Management Co. L L C (9.56%), Wellington Management Group LLP (9.50%), Brown Capital Management LLC (6.74%), Janus Henderson Group PLC (6.65%) and State Street Corp (3.20%). 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 Champlain Investment Partners LLC, Janus Henderson Group PLC, Invesco Ltd., JPMorgan Chase & Co., Wellington Management Group LLP, Brown Capital Management LLC, BlackRock Inc., and UBS Group AG. 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, and Sarah E Nash. View insider buying and selling activity for Blackbaud.

BLKB stock was purchased by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Echo Street Capital Management LLC, Atlanta Capital Management Co. L L C, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, Two Sigma Investments LP, and Eagle Asset Management Inc.. 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 $63.17.

Blackbaud has a market capitalization of $3.13 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.

The official website for Blackbaud is 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]