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

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Raymond James Financial set a $60.00 price target on shares of Blackbaud in a research report on Tuesday, February 10th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Stifel Nicolaus dropped their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.50.

Blackbaud Trading Down 0.5%

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. The stock’s fifty day moving average price is $35.04 and its two-hundred day moving average price is $47.75. The company has a market capitalization of $1.30 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02.

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

Insider Buying and Selling

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were 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 in the company, valued at $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is owned by company insiders.

Institutional Trading of Blackbaud

Institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new position in shares of Blackbaud during the first quarter valued at approximately $29,000. Parallel Advisors LLC increased its stake in shares of Blackbaud by 528.0% during the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after purchasing an additional 660 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after purchasing an additional 483 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after purchasing an additional 602 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other 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.