Blackbaud (NASDAQ:BLKB) Stock Price Down 4.6% – What’s Next?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) fell 4.6% during mid-day trading on Thursday . The stock traded as low as $27.08 and last traded at $27.04. 61,507 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 574,070 shares. The stock had previously closed at $28.34.

Analysts Set New Price Targets

Several brokerages have recently commented on BLKB. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Stifel Nicolaus decreased their price objective 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 downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Evercore set a $55.00 price target on shares of Blackbaud in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.50.

Blackbaud Stock Performance

The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $1.27 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.99 and a beta of 1.02. The business’s fifty day simple moving average is $34.20 and its 200-day simple moving average is $46.92.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $279.81 million. During the same period in the previous year, the firm posted $0.96 EPS. Blackbaud’s revenue for the quarter was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the business’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 sale, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by company insiders.

Institutional Trading of Blackbaud

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after purchasing an additional 706,695 shares during the period. Greenhouse Funds LLLP boosted its position in Blackbaud by 13.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock valued at $51,635,000 after buying an additional 96,457 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Blackbaud in the 3rd quarter valued at about $10,586,000. P2 Capital Partners LLC boosted its position in Blackbaud by 28.4% in the 3rd quarter. P2 Capital Partners LLC now owns 630,303 shares of the technology company’s stock valued at $40,535,000 after buying an additional 139,549 shares during the period. Finally, UBS Group AG boosted its position in Blackbaud by 35.0% in the 4th quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock valued at $10,393,000 after buying an additional 42,521 shares during the period. 94.21% of the stock is currently owned by 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.