Blackbaud (NASDAQ:BLKB) Shares Up 7.1% – Should You Buy?

Blackbaud, Inc. (NASDAQ:BLKB)’s stock price traded up 7.1% on Thursday . The company traded as high as $33.48 and last traded at $33.79. 260,604 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 640,649 shares. The stock had previously closed at $31.55.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BLKB shares. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Stifel Nicolaus lowered their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.75.

Blackbaud Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.18 and a beta of 1.01. The stock has a 50 day moving average price of $29.58 and a two-hundred day moving average price of $40.97.

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

Insider Activity at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction on 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 owned 62,869 shares in the company, valued at $1,968,428.39. This represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Blackbaud

Several institutional investors and hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in Blackbaud in the first quarter valued at approximately $29,000. Parallel Advisors LLC raised its position in Blackbaud by 528.0% in 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 last quarter. Blue Trust Inc. raised its position in Blackbaud by 44.3% in 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 last quarter. Rothschild Investment LLC raised its holdings in shares of Blackbaud by 589.0% in 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 during the last quarter. Finally, Versant Capital Management Inc lifted its position in Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock worth $38,000 after buying an additional 912 shares in the last quarter. 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.