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NASDAQ:BLKB

Blackbaud (BLKB) Stock Price, News & Analysis

Blackbaud logo
$83.94 -0.29 (-0.34%)
(As of 11/29/2024 05:27 PM ET)

About Blackbaud Stock (NASDAQ:BLKB)

Key Stats

Today's Range
$83.52
$84.83
50-Day Range
$74.29
$87.48
52-Week Range
$66.47
$88.95
Volume
95,978 shs
Average Volume
258,130 shs
Market Capitalization
$4.26 billion
P/E Ratio
82.29
Dividend Yield
N/A
Price Target
$86.67
Consensus Rating
Hold

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
82nd Percentile Overall Score

BLKB MarketRank™: 

Blackbaud scored higher than 82% of companies evaluated by MarketBeat, and ranked 183rd out of 665 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 Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 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 17.31% in the coming year, from $2.60 to $3.05 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Blackbaud is 82.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Blackbaud is 82.29, 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 199.61.

  • Price to Book Value per Share Ratio

    Blackbaud has a P/B Ratio of 7.82. 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

    1.58% 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 3.2, 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 6.35%, 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 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Blackbaud will have a dividend payout ratio of 15.74% 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

    1.58% 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 3.2, 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 6.35%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Blackbaud has a news sentiment score of 0.29. 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 lower news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Blackbaud this week, compared to 6 articles on an average week.
  • Search Interest

    Only 1 people have searched for BLKB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Blackbaud to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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 $4,373,270.00 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

Video: Blindfolded Man Gets Into a Cybertruck… What Happens Next Will Shock You
“Hi, I’m Jeff Brown… Even though I can’t see a thing… I’m about to get in this Cybertruck and drive up to a location just a few miles from here to show you Elon Musk’s next AI product. I promise what happens next will shock you…”
Blackbaud: This Story Is Souring Quickly (Rating Downgrade)
See More Headlines

BLKB Stock Analysis - Frequently Asked Questions

Blackbaud's stock was trading at $86.70 at the beginning of 2024. Since then, BLKB shares have decreased by 3.2% and is now trading at $83.94.
View the best growth stocks for 2024 here
.

Blackbaud, Inc. (NASDAQ:BLKB) announced its quarterly earnings data on Wednesday, October, 30th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by $0.08. Blackbaud's quarterly revenue was up 3.3% compared to the same quarter last year.

Blackbaud's Board of Directors approved a stock repurchase program on Tuesday, July 30th 2024, which allows the company to repurchase $800,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 18.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Blackbaud subsidiaries include Everfi, YourCause, Reeher, JustGiving, AcademicWorks, Attentive.ly, Smart Tuition, and more.

Top institutional shareholders of Blackbaud include Janus Henderson Group PLC (5.62%), State Street Corp (3.25%), ArrowMark Colorado Holdings LLC (2.53%) and Geneva Capital Management LLC (2.32%). Insiders that own company stock include Michael P Gianoni, Anthony W Boor, Kevin W Mooney, Kevin P Gregoire, Kevin Mcdearis, David J Benjamin, Andrew M Leitch, Jon W Olson, Sarah E Nash 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 Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

Last Earnings
10/30/2024
Today
12/01/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/10/2025

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
$86.67
High Stock Price Target
$95.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$1.82 million
Pretax Margin
8.05%

Debt

Sales & Book Value

Annual Sales
$1.15 billion
Cash Flow
$4.14 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
49,729,000
Market Cap
$4.26 billion
Optionable
Optionable
Beta
1.03

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This page (NASDAQ:BLKB) was last updated on 12/1/2024 by MarketBeat.com Staff
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