Blackbaud (BLKB) Stock Price, News & Analysis

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLKB shares.
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2 Wall Street analysts have issued 12-month target prices for Blackbaud's stock. Their BLKB share price targets range from $88.00 to $88.00. On average, they predict the company's share price to reach $88.00 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
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Blackbaud's stock was trading at $86.70 at the beginning of the year. Since then, BLKB shares have decreased by 9.5% and is now trading at $78.43.
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Blackbaud saw a increase in short interest in April. As of April 15th, there was short interest totaling 838,100 shares, an increase of 33.0% from the March 31st total of 630,200 shares. Based on an average daily trading volume, of 295,700 shares, the short-interest ratio is currently 2.8 days. Currently, 2.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our BLKB earnings forecast.

Blackbaud, Inc. (NASDAQ:BLKB) issued its quarterly earnings data on Tuesday, February, 13th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.09. The technology company had revenue of $295.01 million for the quarter, compared to analyst estimates of $299.04 million. Blackbaud had a net margin of 1.94% and a trailing twelve-month return on equity of 15.31%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS.

ETFs with the largest weight of Blackbaud (NASDAQ:BLKB) stock in their portfolio include Vanguard U.S. Minimum Volatility ETF (VFMV), SPDR S&P Software & Services ETF (XSW), Amplify Global Cloud Technology ETF (IVES), First Trust Cloud Computing ETF (SKYY), Direxion Daily Cloud Computing Bull 2x (CLDL), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Syntax Stratified MidCap ETF (SMDY) and IQ Chaikin U.S. Small Cap ETF (CSML).

Blackbaud issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 4.120-4.380 for the period, compared to the consensus estimate of 4.290. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

599 employees have rated Blackbaud Chief Executive Officer Michael Gianoni on Glassdoor.com. Michael Gianoni has an approval rating of 82% among the company's employees. 74.0% of employees surveyed would recommend working at Blackbaud to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Intel (INTC), Suncor Energy (SU), Broadcom (AVGO), Bank of America (BAC), Baidu (BIDU), Fortinet (FTNT), IPG Photonics (IPGP), McDonald's (MCD) and Marathon Petroleum (MPC).

Blackbaud's stock is owned by many different retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (0.54%), Allspring Global Investments Holdings LLC (0.50%), Allspring Global Investments Holdings LLC (0.51%), Principal Financial Group Inc. (0.33%), Mirae Asset Global Investments Co. Ltd. (0.17%) and Nordea Investment Management AB (0.15%). Insiders that own company stock include Andrew Brannan, Andrew M Leitch, Anthony W Boor, David J Benjamin, George H Ellis, Jon W Olson, Joyce Nelson, Kevin Mcdearis, Kevin P Gregoire, Kevin W Mooney, Michael P Gianoni and Sarah E Nash.
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Shares of BLKB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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