Blackbaud (NASDAQ:BLKB) Sets New 1-Year Low – Time to Sell?

Shares of Blackbaud, Inc. (NASDAQ:BLKB) hit a new 52-week low on Tuesday . The stock traded as low as $28.88 and last traded at $29.13, with a volume of 14201 shares. The stock had previously closed at $29.57.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore set a $55.00 price objective on shares of Blackbaud in a report on Wednesday, February 11th. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus reduced their target price on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. One 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.com, the stock presently has an average rating of “Hold” and an average price target of $52.50.

Blackbaud Price 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 firm has a market cap of $1.36 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.09. The company’s fifty day moving average is $37.20 and its two-hundred day moving average is $49.38.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $281.14 million for 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%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts forecast that Blackbaud, Inc. will post 3.57 EPS for the current year.

Insider Activity

In other news, EVP Kevin P. Gregoire sold 2,000 shares of Blackbaud stock in a transaction that occurred 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 sale, the executive vice president owned 135,194 shares in the company, valued at $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.97% of the stock is owned by corporate insiders.

Institutional Trading of Blackbaud

A number of hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Blackbaud by 3.9% during the first quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after purchasing an additional 58,806 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Blackbaud during the first quarter valued at approximately $29,000. Amundi raised its stake in shares of Blackbaud by 55.8% during the first quarter. Amundi now owns 27,345 shares of the technology company’s stock valued at $1,056,000 after purchasing an additional 9,795 shares during the period. California State Teachers Retirement System raised its stake in shares of Blackbaud by 25.4% during the first quarter. California State Teachers Retirement System now owns 47,589 shares of the technology company’s stock valued at $1,837,000 after purchasing an additional 9,636 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Blackbaud during the first quarter valued at approximately $1,729,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.