Blackbaud Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Blackbaud stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLKB, but not buy additional shares or sell existing shares.
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1 analysts have issued 12-month price targets for Blackbaud's shares. Their BLKB stock forecasts range from $70.00 to $70.00. On average, they expect Blackbaud's share price to reach $70.00 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
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Blackbaud's stock was trading at $78.98 on January 1st, 2022. Since then, BLKB shares have decreased by 26.2% and is now trading at $58.31.
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Blackbaud is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Blackbaud, Inc. (NASDAQ:BLKB) posted its quarterly earnings data on Tuesday, May, 3rd. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.04. The technology company had revenue of $257.12 million for the quarter, compared to analysts' expectations of $253.10 million. Blackbaud had a negative net margin of 0.47% and a positive trailing twelve-month return on equity of 8.94%. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share.
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Blackbaud updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $2.63-$2.82 for the period, compared to the consensus estimate of $2.70. The company issued revenue guidance of $1.07 billion-$1.09 billion, compared to the consensus revenue estimate of $1.08 billion.

426 employees have rated Blackbaud CEO Michael Gianoni on Glassdoor.com. Michael Gianoni has an approval rating of 82% among Blackbaud's employees.

Some companies that are related to Blackbaud include Adobe (ADBE), Salesforce (CRM), Intuit (INTU), Synopsys (SNPS), Cadence Design Systems (CDNS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), SS&C Technologies (SSNC), Splunk (SPLK), FactSet Research Systems (FDS), Tyler Technologies (TYL), Aspen Technology (AZPN), Citrix Systems (CTXS) and Fair Isaac (FICO).
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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. (10.05%), Vanguard Group Inc. (9.29%), Van ECK Associates Corp (5.00%), State Street Corp (2.90%), Champlain Investment Partners LLC (1.98%) and Van Berkom & Associates Inc. (1.75%). Company insiders that own Blackbaud 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.
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, Echo Street Capital Management LLC, Trillium Asset Management LLC, King Luther Capital Management Corp, Arrowstreet Capital Limited Partnership, Van Berkom & Associates Inc., UBS Group AG, and Bank of America Corp DE. Company insiders that have sold Blackbaud company stock in the last two years 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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BLKB stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Vanguard Group Inc., BlackRock Inc., Van ECK Associates Corp, State Street Corp, Great Lakes Advisors LLC, Federated Hermes Inc., and Tributary Capital Management LLC.
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Shares of BLKB 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 $58.31.

Blackbaud (NASDAQ:BLKB) has a market capitalization of $3.09 billion and generates $927.74 million in revenue each year. The technology company earns $5.70 million in net income (profit) each year or ($0.080010) on an earnings per share basis.

Blackbaud employs 3,600 workers across the globe.

Blackbaud was founded in 1981.

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