Blackbaud, Inc. (NASDAQ:BLKB) Stock Has Average Target Price of $49.50 According to Analysts

Blackbaud, Inc. (NASDAQ:BLKB) has been assigned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.50.

A number of research firms have weighed in on BLKB. Raymond James Financial restated an “outperform” rating and issued a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. Robert W. Baird boosted their target price on shares of Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Finally, Stifel Nicolaus decreased their target price on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th.

Blackbaud Price Performance

BLKB stock opened at $51.65 on Monday. Blackbaud has a 1 year low of $25.58 and a 1 year high of $70.71. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average price is $45.49 and its 200 day moving average price is $37.68. The firm has a market cap of $2.34 billion, a P/E ratio of 16.14, a PEG ratio of 1.76 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The business had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, sell-side analysts expect that Blackbaud will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Benjamin sold 2,086 shares of Blackbaud stock in a transaction on Monday, August 31st. The shares were sold at an average price of $48.27, for a total value of $100,691.22. Following the completion of the sale, the executive vice president owned 71,038 shares in the company, valued at approximately $3,429,004.26. The trade was a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Chad Anderson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total transaction of $95,120.00. Following the completion of the sale, the chief financial officer directly owned 59,883 shares of the company’s stock, valued at $2,848,035.48. The trade was a 3.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,086 shares of company stock valued at $2,001,761 over the last 90 days. 2.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. RHS Financial LLC acquired a new stake in shares of Blackbaud during the 3rd quarter worth approximately $232,000. GAMMA Investing LLC grew its stake in Blackbaud by 34.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,993 shares of the technology company’s stock worth $125,000 after buying an additional 767 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Blackbaud by 63.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,223 shares of the technology company’s stock worth $93,000 after buying an additional 863 shares during the last quarter. Engineers Gate Manager LP increased its position in Blackbaud by 2.0% in the second quarter. Engineers Gate Manager LP now owns 40,178 shares of the technology company’s stock worth $1,190,000 after buying an additional 797 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Blackbaud in the second quarter worth $206,000. 94.21% of the stock is owned by institutional investors and hedge funds.

About Blackbaud

Blackbaud, Inc is a software company that provides cloud-based technology for nonprofit organizations and other social-impact institutions. Its solutions help organizations manage fundraising, donor relationships, financial operations, marketing, volunteer programs, grants, and constituent engagement.

The company’s product portfolio includes customer relationship management and fundraising platforms, online giving and peer-to-peer fundraising tools, financial management software, grantmaking solutions, and systems for managing events, memberships, and communications.