Blackbaud (NASDAQ:BLKB) Reaches New 1-Year Low – Should You Sell?

Blackbaud, Inc. (NASDAQ:BLKB)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $26.59 and last traded at $27.0620, with a volume of 20379 shares traded. The stock had previously closed at $27.36.

Analyst Ratings Changes

A number of research firms have issued reports on BLKB. Stifel Nicolaus decreased their target price on Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $60.00 to $50.00 in a research note on Thursday, April 30th. Finally, Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.50.

Blackbaud Trading Up 1.0%

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 capitalization of $1.27 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.01 and a beta of 1.02. The business has a 50 day simple moving average of $33.97 and a 200-day simple moving average of $46.72.

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

Insider Activity at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the sale, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by company insiders.

Institutional Trading of Blackbaud

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Blackbaud by 14.7% in the third quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock valued at $354,762,000 after purchasing an additional 706,695 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after purchasing an additional 2,205,641 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Blackbaud by 3.9% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Blackbaud by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock valued at $61,743,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Greenhouse Funds LLLP lifted its holdings in shares of Blackbaud by 13.7% in the third quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock valued at $51,635,000 after purchasing an additional 96,457 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.