Blackbaud (NASDAQ:BLKB) Hits New 52-Week Low – What’s Next?

Blackbaud, Inc. (NASDAQ:BLKB)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $33.79 and last traded at $34.0450, with a volume of 13010 shares traded. The stock had previously closed at $34.36.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BLKB shares. Stifel Nicolaus reduced their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Evercore set a $55.00 target price on shares of Blackbaud in a report on Wednesday, February 11th. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research note on Tuesday, February 10th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research cut shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.50.

Blackbaud Stock Down 2.9%

The company has a 50-day moving average of $40.56 and a two-hundred day moving average of $51.76. The company has a market capitalization of $1.53 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66.

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

Insider Buying and Selling at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total value of $100,040.00. Following the transaction, the executive vice president directly owned 135,194 shares in the company, valued at approximately $6,762,403.88. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David J. Benjamin sold 14,349 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the transaction, the executive vice president directly owned 73,124 shares in the company, valued at approximately $3,471,196.28. This represents a 16.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,801 shares of company stock valued at $1,893,874. Insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings 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 acquiring an additional 660 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after buying an additional 266 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after buying an additional 602 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Blackbaud by 380.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after acquiring an additional 487 shares during the last quarter. 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.