Somewhat Positive Media Coverage Somewhat Unlikely to Affect Blackbaud (BLKB) Stock Price
Press coverage about Blackbaud (NASDAQ:BLKB) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackbaud earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.1300053476091 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Blackbaud (NASDAQ BLKB) traded up $0.50 on Wednesday, reaching $94.54. 212,392 shares of the company’s stock traded hands, compared to its average volume of 188,591. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.19. Blackbaud has a fifty-two week low of $61.98 and a fifty-two week high of $104.55. The company has a market capitalization of $4,520.00, a P/E ratio of 85.95, a PEG ratio of 5.13 and a beta of 0.82.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The business had revenue of $195.51 million for the quarter, compared to the consensus estimate of $196.35 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. research analysts expect that Blackbaud will post 1.57 earnings per share for the current year.
In other Blackbaud news, EVP Brian Boruff sold 800 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $103.95, for a total value of $83,160.00. Following the transaction, the executive vice president now directly owns 50,862 shares in the company, valued at $5,287,104.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Anthony W. Boor sold 1,989 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $98.26, for a total transaction of $195,439.14. Following the sale, the chief financial officer now owns 105,342 shares in the company, valued at $10,350,904.92. The disclosure for this sale can be found here. Insiders sold 9,655 shares of company stock worth $972,923 over the last quarter. Insiders own 2.19% of the company’s stock.
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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