Blackbaud - BLKB Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BLKB shares. 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.
View BLKB analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1-year price objectives for Blackbaud's shares. Their BLKB share price forecasts range from $70.00 to $70.00. On average, they expect the company's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
View analysts price targets for BLKB or view top-rated stocks among Wall Street analysts.

Blackbaud's stock was trading at $58.86 at the beginning of 2023. Since then, BLKB shares have increased by 6.7% and is now trading at $62.79.
View the best growth stocks for 2023 here.

Blackbaud saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,040,000 shares, a drop of 5.5% from the December 31st total of 1,100,000 shares. Based on an average trading volume of 215,300 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.5% of the company's stock are sold short.
View Blackbaud's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our BLKB earnings forecast.

Blackbaud will be holding an earnings conference call on Tuesday, February 14th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Blackbaud, Inc. (NASDAQ:BLKB) issued its quarterly earnings data on Tuesday, November, 2nd. The technology company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.65. The technology company had revenue of $231.22 million for the quarter, compared to the consensus estimate of $219.46 million. Blackbaud had a negative net margin of 3.03% and a positive trailing twelve-month return on equity of 6.95%. During the same period last year, the firm earned $0.39 EPS.

Blackbaud updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $2.43-$2.63 for the period, compared to the consensus EPS estimate of $2.53. The company issued revenue guidance of $1.05 billion-$1.07 billion, compared to the consensus revenue estimate of $1.06 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 trades on the NASDAQ under the ticker symbol "BLKB."

Blackbaud's stock is owned by a number of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (0.65%), New York State Common Retirement Fund (0.44%), Allspring Global Investments Holdings LLC (0.39%), Grandfield & Dodd LLC (0.30%), Sycomore Asset Management (0.18%) and New York State Teachers Retirement System (0.13%). Insiders that own company 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.

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.

One share of BLKB stock can currently be purchased for approximately $62.79.

Blackbaud (NASDAQ:BLKB) has a market capitalization of $3.33 billion and generates $927.74 million in revenue each year. The technology company earns $5.70 million in net income (profit) each year or ($0.62) on an earnings per share basis.

The company employs 3,600 workers across the globe.

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.