Blackbaud (NASDAQ:BLKB) Announces Earnings Results

Blackbaud (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday. The technology company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50), Zacks reports. The company had revenue of $302.23 million for the quarter, compared to analysts’ expectations of $303.41 million. Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. Blackbaud updated its FY 2025 guidance to 4.160-4.350 EPS.

Blackbaud Price Performance

Blackbaud stock opened at $68.52 on Thursday. The firm has a fifty day moving average of $76.63 and a 200-day moving average of $80.29. The firm has a market capitalization of $3.37 billion, a P/E ratio of 67.18 and a beta of 1.08. Blackbaud has a 52-week low of $66.47 and a 52-week high of $88.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.33.

Insider Activity at Blackbaud

In related news, CEO Michael P. Gianoni sold 9,479 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $88.13, for a total transaction of $835,384.27. Following the completion of the sale, the chief executive officer now directly owns 344,079 shares of the company’s stock, valued at approximately $30,323,682.27. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.95% of the company’s stock.

Blackbaud Company Profile

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.