Blackbaud (NASDAQ:BLKB) Sets New 1-Year Low – Here’s Why

Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.71 and last traded at $47.68, with a volume of 1152826 shares changing hands. The stock had previously closed at $48.25.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $50.00 price target on shares of Blackbaud in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wall Street Zen raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, Robert W. Baird set a $60.00 target price on shares of Blackbaud in a report on Wednesday. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Blackbaud has an average rating of “Reduce” and a consensus target price of $56.25.

Blackbaud Stock Performance

The firm has a fifty day moving average price of $58.20 and a 200 day moving average price of $61.68. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 12.78. The firm has a market cap of $2.28 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Blackbaud had a net margin of 10.19% and a return on equity of 175.57%. The firm had revenue of $295.26 million during the quarter, compared to analyst estimates of $292.71 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Blackbaud’s quarterly revenue was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities research analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rupal S. Hollenbeck sold 1,600 shares of Blackbaud stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $56.49, for a total transaction of $90,384.00. Following the sale, the director owned 6,366 shares of the company’s stock, valued at approximately $359,615.34. The trade was a 20.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Blackbaud

Several large investors have recently modified their holdings of BLKB. Vanguard Group Inc. increased its position in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after purchasing an additional 706,695 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Blackbaud by 143,409.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after buying an additional 2,205,641 shares during the period. Geneva Capital Management LLC increased its position in shares of Blackbaud by 6.6% during the second quarter. Geneva Capital Management LLC now owns 1,221,745 shares of the technology company’s stock valued at $78,448,000 after acquiring an additional 75,675 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Blackbaud by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock valued at $61,743,000 after acquiring an additional 5,709 shares during the period. Finally, Greenhouse Funds LLLP lifted its holdings in shares of Blackbaud by 13.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock worth $51,635,000 after acquiring an additional 96,457 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.