Blackbaud (NASDAQ:BLKB) Reaches New 12-Month Low – What’s Next?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) reached a new 52-week low during trading on Friday . The stock traded as low as $27.54 and last traded at $27.7050, with a volume of 106559 shares changing hands. The stock had previously closed at $28.37.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, February 11th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Stifel Nicolaus cut their price objective on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Finally, Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.50.

Blackbaud Stock Performance

The firm has a market capitalization of $1.30 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The company has a 50-day moving average of $35.04 and a 200-day moving average of $47.75.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The business had revenue of $281.14 million during the quarter, compared to analyst estimates of $279.81 million. During the same period last year, the company earned $0.96 EPS. Blackbaud’s revenue for the quarter was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the sale, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at $1,968,428.39. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Blackbaud by 528.0% in the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after buying an additional 660 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Blackbaud by 9.9% during the 1st quarter. Glenmede Trust Co. NA now owns 9,075 shares of the technology company’s stock valued at $350,000 after purchasing an additional 820 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Blackbaud by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after purchasing an additional 58,806 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Blackbaud during the 1st quarter valued at about $29,000. Finally, Amundi boosted its stake in shares of Blackbaud by 55.8% in the 1st quarter. Amundi now owns 27,345 shares of the technology company’s stock worth $1,056,000 after buying an additional 9,795 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

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.