Blackbaud (NASDAQ:BLKB) Updates FY 2025 Earnings Guidance

Blackbaud (NASDAQ:BLKB) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 4.160-4.350 for the period, compared to the consensus earnings per share estimate of 4.670. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Blackbaud has an average rating of “Hold” and an average price target of $85.33.

Blackbaud Trading Down 3.4 %

NASDAQ:BLKB opened at $68.52 on Thursday. Blackbaud has a one year low of $66.47 and a one year high of $88.95. The company has a market cap of $3.37 billion, a PE ratio of 67.18 and a beta of 1.08. The firm has a 50-day moving average of $76.63 and a 200-day moving average of $80.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.50). Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. The firm had revenue of $302.23 million for the quarter, compared to analysts’ expectations of $303.41 million. As a group, equities research analysts expect that Blackbaud will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael P. Gianoni sold 9,479 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $88.13, for a total transaction of $835,384.27. Following the transaction, the chief executive officer now directly owns 344,079 shares in the company, valued at approximately $30,323,682.27. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.95% of the stock is owned by corporate insiders.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.