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NASDAQ:BLKB

Blackbaud (BLKB) Stock Price, News & Analysis

$81.10
+0.23 (+0.28%)
(As of 10/8/2024 ET)

About Blackbaud Stock (NASDAQ:BLKB)

Key Stats

Today's Range
$80.80
$81.84
50-Day Range
$74.50
$85.69
52-Week Range
$64.32
$88.56
Volume
113,905 shs
Average Volume
235,615 shs
Market Capitalization
$4.19 billion
P/E Ratio
197.81
Dividend Yield
N/A
Price Target
$90.67
Consensus Rating
Moderate Buy

Company Overview

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. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; education solutions, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect, and EVERFI; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as Data Health, Insights, and Performance solutions and services. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.

Blackbaud Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

BLKB MarketRank™: 

Blackbaud scored higher than 90% of companies evaluated by MarketBeat, and ranked 101st out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Blackbaud has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Blackbaud has only been the subject of 4 research reports in the past 90 days.

  • Read more about Blackbaud's stock forecast and price target.
  • Earnings Growth

    Earnings for Blackbaud are expected to grow by 21.54% in the coming year, from $2.46 to $2.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Blackbaud is 197.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Blackbaud is 197.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 240.60.

  • Price to Book Value per Share Ratio

    Blackbaud has a P/B Ratio of 5.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Blackbaud's valuation and earnings.
  • Percentage of Shares Shorted

    1.61% of the float of Blackbaud has been sold short.
  • Short Interest Ratio / Days to Cover

    Blackbaud has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Blackbaud has recently increased by 15.68%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Blackbaud does not currently pay a dividend.

  • Dividend Growth

    Blackbaud does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Blackbaud is 117.07%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Blackbaud will have a dividend payout ratio of 16.05% next year. This indicates that Blackbaud will be able to sustain or increase its dividend.

  • Read more about Blackbaud's dividend.
  • Percentage of Shares Shorted

    1.61% of the float of Blackbaud has been sold short.
  • Short Interest Ratio / Days to Cover

    Blackbaud has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Blackbaud has recently increased by 15.68%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Blackbaud has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Blackbaud this week, compared to 6 articles on an average week.
  • MarketBeat Follows

    3 people have added Blackbaud to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Blackbaud insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,483,193.00 in company stock.

  • Percentage Held by Insiders

    Only 1.95% of the stock of Blackbaud is held by insiders.

  • Percentage Held by Institutions

    94.21% of the stock of Blackbaud is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Blackbaud's insider trading history.
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BLKB Stock News Headlines

What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
Blackbaud (NASDAQ:BLKB) Price Target Lowered to $95.00 at Raymond James
Blackbaud, Inc. (NASDAQ:BLKB) Short Interest Update
Blackbaud EVP sells over $389k in company stock
See More Headlines

BLKB Stock Analysis - Frequently Asked Questions

Blackbaud's stock was trading at $86.70 on January 1st, 2024. Since then, BLKB shares have decreased by 6.5% and is now trading at $81.10.
View the best growth stocks for 2024 here
.

Blackbaud, Inc. (NASDAQ:BLKB) issued its earnings results on Tuesday, July, 30th. The technology company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. The firm's quarterly revenue was up 6.0% compared to the same quarter last year.

Blackbaud's Board of Directors authorized a share buyback plan on Tuesday, July 30th 2024, which allows the company to buy back $800,000,000 in shares, according to EventVestor. This means that the company could purchase up to 18.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

The following companies are subsidiaries of Blackbaud: Everfi, YourCause, Reeher, JustGiving, AcademicWorks, Attentive.ly, Smart Tuition, and others.

Blackbaud's top institutional investors include SG Americas Securities LLC (0.03%) and Handelsbanken Fonder AB (0.02%). Insiders that own company stock include Michael P Gianoni, Anthony W Boor, Kevin P Gregoire, Kevin W Mooney, Kevin Mcdearis, David J Benjamin, Sarah E Nash, Andrew M Leitch, Jon W Olson and George H Ellis.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackbaud investors own include CVS Health (CVS), Intel (INTC), Suncor Energy (SU), Broadcom (AVGO), Bank of America (BAC), Baidu (BIDU) and Fortinet (FTNT).

Company Calendar

Last Earnings
7/30/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:BLKB
CUSIP
09227Q10
Employees
3,000
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$90.67
High Stock Price Target
$95.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$1.82 million
Pretax Margin
6.83%

Debt

Sales & Book Value

Annual Sales
$1.14 billion
Cash Flow
$3.98 per share
Book Value
$15.02 per share

Miscellaneous

Free Float
50,619,000
Market Cap
$4.19 billion
Optionable
Optionable
Beta
1.02

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This page (NASDAQ:BLKB) was last updated on 10/8/2024 by MarketBeat.com Staff
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