Blackbaud (NASDAQ:BLKB) Hits New 52-Week Low – Time to Sell?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $37.33 and last traded at $37.5450, with a volume of 28934 shares trading hands. The stock had previously closed at $38.61.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BLKB shares. Raymond James Financial set a $60.00 price target on shares of Blackbaud in a report on Tuesday, February 10th. Robert W. Baird set a $60.00 price objective on shares of Blackbaud in a research note on Wednesday, February 11th. Zacks Research upgraded shares of Blackbaud from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a $50.00 target price on shares of Blackbaud in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.25.

Blackbaud Stock Down 1.7%

The firm has a fifty day simple moving average of $47.59 and a 200 day simple moving average of $56.95. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $1.74 billion, a PE ratio of 15.93, a PEG ratio of 1.30 and a beta of 1.11.

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

Insiders Place Their Bets

In other news, EVP Kevin Mcdearis sold 15,462 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the completion of the sale, the executive vice president directly owned 91,756 shares in the company, valued at $4,260,231.08. This represents a 14.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the transaction, the executive vice president directly owned 73,124 shares in the company, valued at $3,471,196.28. This trade represents a 16.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,801 shares of company stock valued at $1,893,874 over the last quarter. Company insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLKB. Amicus Financial Advisors LLC purchased a new position in shares of Blackbaud in the 4th quarter worth about $1,114,000. Pacer Advisors Inc. grew its holdings in shares of Blackbaud by 23.9% during the 4th quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock worth $388,000 after purchasing an additional 1,183 shares during the period. Invesco Ltd. increased its position in Blackbaud by 2.4% during the 4th quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock worth $6,716,000 after purchasing an additional 2,465 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Blackbaud by 26.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock worth $417,000 after purchasing an additional 1,369 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Blackbaud in the fourth quarter valued at approximately $252,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Blackbaud

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.