Blackbaud (NASDAQ:BLKB - Get Free Report) issued its quarterly earnings results on Tuesday. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.50), Zacks reports. Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. The business had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Blackbaud updated its FY 2025 guidance to 4.160-4.350 EPS.
Blackbaud Stock Performance
Shares of Blackbaud stock traded up $2.02 during trading on Friday, hitting $68.24. 320,736 shares of the stock were exchanged, compared to its average volume of 182,657. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -11.57 and a beta of 1.08. The company has a fifty day moving average price of $76.14 and a 200-day moving average price of $80.15. Blackbaud has a 1-year low of $66.07 and a 1-year high of $88.95. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40.
Analysts Set New Price Targets
Several equities research analysts have issued reports on BLKB shares. Baird R W lowered shares of Blackbaud from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Blackbaud from $80.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Blackbaud presently has a consensus rating of "Hold" and a consensus price target of $85.33.
Get Our Latest Stock Report on BLKB
Insider Transactions at Blackbaud
In related news, CEO Michael P. Gianoni sold 9,479 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $88.13, for a total value of $835,384.27. Following the transaction, the chief executive officer now owns 344,079 shares in the company, valued at approximately $30,323,682.27. This represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.95% of the stock is owned by company insiders.
About Blackbaud
(
Get Free Report)
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.
Further Reading
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