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

Blackbaud, Inc. (NASDAQ:BLKB) shares hit a new 52-week low on Thursday . The stock traded as low as $26.52 and last traded at $26.77, with a volume of 741609 shares. The stock had previously closed at $28.01.

Wall Street Analysts Forecast Growth

BLKB has been the subject of several recent research reports. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. Finally, Stifel Nicolaus decreased their target price on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.50.

Blackbaud Stock Performance

The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.00 and a beta of 1.02. The stock’s 50-day moving average is $33.13 and its 200 day moving average is $45.91.

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

Insider Buying and Selling

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer directly owned 62,869 shares in the company, valued at approximately $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new position in Blackbaud during the first quarter worth about $29,000. Parallel Advisors LLC grew its position in Blackbaud by 528.0% during the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock worth $30,000 after buying an additional 660 shares during the period. Blue Trust Inc. grew its position in Blackbaud by 44.3% during 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 during the period. Rothschild Investment LLC grew its position in Blackbaud by 589.0% during 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 during the period. Finally, TD Private Client Wealth LLC grew its position 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 worth $39,000 after buying an additional 602 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Company Profile

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.