Blackbaud (NASDAQ:BLKB) Sets New 1-Year Low – Time to Sell?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.88 and last traded at $29.13, with a volume of 14201 shares traded. The stock had previously closed at $29.57.

Wall Street Analyst Weigh In

BLKB has been the subject of a number of research analyst reports. Evercore set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, February 11th. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Stifel Nicolaus dropped their price target on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Raymond James Financial set a $60.00 price target on shares of Blackbaud in a research note on Tuesday, February 10th. Finally, Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.50.

Blackbaud Trading Down 0.1%

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.05 and a beta of 1.09. The business’s fifty day simple moving average is $37.20 and its 200 day simple moving average is $49.38. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74.

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

Insider Transactions at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares in the company, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Blackbaud during the first quarter valued at approximately $29,000. Parallel Advisors LLC grew its holdings in Blackbaud by 528.0% in the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock worth $30,000 after buying an additional 660 shares in the last quarter. Blue Trust Inc. increased its position in Blackbaud by 44.3% in the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Rothschild Investment LLC raised its stake in Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after acquiring an additional 483 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Blackbaud by 4,300.0% during the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after acquiring an additional 602 shares in the last quarter. Institutional investors 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.