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

Blackbaud, Inc. (NASDAQ:BLKB) reached a new 52-week low during mid-day trading on Tuesday . The stock 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 topic of several analyst reports. Stifel Nicolaus reduced their price target on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Evercore set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, February 11th. Finally, Raymond James Financial set a $60.00 price target on shares of Blackbaud in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Blackbaud has a consensus rating of “Hold” and an average price target of $52.50.

Blackbaud Stock Up 1.2%

The company has a market cap of $1.40 billion, a PE ratio of 10.29, a PEG ratio of 1.06 and a beta of 1.09. The stock’s 50 day moving average price is $36.64 and its 200-day moving average price is $48.98. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74.

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

Insider Activity

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

Several institutional investors have recently added to or reduced their stakes in BLKB. Altshuler Shaham Ltd purchased a new stake in Blackbaud during the 1st quarter valued at $29,000. Parallel Advisors LLC boosted its position in Blackbaud by 528.0% during 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 during the period. Blue Trust Inc. boosted its position in Blackbaud by 44.3% during the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after buying an additional 266 shares during the period. Rothschild Investment LLC boosted its position 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 buying an additional 483 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after purchasing an additional 602 shares in the last quarter. Hedge funds and other 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.