Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) has received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $49.50.
Several research analysts have recently commented on the stock. Weiss Ratings raised shares of Blackbaud from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. Stifel Nicolaus dropped their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price target on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Robert W. Baird increased their price target on Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th.
Check Out Our Latest Stock Analysis on Blackbaud
Blackbaud Price Performance
Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. The business had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts predict that Blackbaud will post 3.71 earnings per share for the current year.
Insider Buying and Selling
In other news, EVP David J. Benjamin sold 2,086 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $48.27, for a total transaction of $100,691.22. Following the sale, the executive vice president directly owned 71,038 shares of the company’s stock, valued at approximately $3,429,004.26. This represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Gianoni sold 17,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total value of $804,950.00. Following the sale, the chief executive officer directly owned 423,264 shares in the company, valued at approximately $20,041,550.40. This trade represents a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,086 shares of company stock valued at $2,001,761 over the last 90 days. 2.01% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Blackbaud in the 2nd quarter valued at $177,153,000. Jupiter Topco LLC acquired a new position in shares of Blackbaud during the 2nd quarter worth $47,145,000. Bank of America Corp DE bought a new stake in shares of Blackbaud during the 2nd quarter worth $12,694,000. Bank of New York Mellon Corp bought a new stake in shares of Blackbaud during the 2nd quarter worth $7,067,000. Finally, Palisade Capital Management LP bought a new stake in shares of Blackbaud during the 2nd quarter worth $6,171,000. Institutional investors and hedge funds own 94.21% of the company’s stock.
Blackbaud Company Profile
Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.
The company’s product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.
Featured Stories
- Five stocks we like better than Blackbaud
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter.
