Shares of Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $63.51 and last traded at $63.22, with a volume of 235210 shares trading hands. The stock had previously closed at $64.70.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird dropped their price objective on Blackbaud from $80.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Blackbaud presently has an average rating of "Hold" and an average price target of $85.33.
Check Out Our Latest Analysis on Blackbaud
Blackbaud Stock Performance
The stock has a fifty day simple moving average of $73.13 and a 200-day simple moving average of $78.82. The stock has a market cap of $3.18 billion, a P/E ratio of -10.94 and a beta of 1.08. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.68 and a current ratio of 0.78.
Blackbaud (NASDAQ:BLKB - Get Free Report) last released its earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.50). The firm had revenue of $302.23 million for the quarter, compared to the consensus estimate of $303.41 million. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. On average, equities analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current year.
Hedge Funds Weigh In On Blackbaud
Hedge funds have recently modified their holdings of the stock. Vestcor Inc bought a new position in shares of Blackbaud in the 4th quarter valued at about $75,000. TD Private Client Wealth LLC lifted its position in Blackbaud by 42.0% during the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company's stock worth $99,000 after acquiring an additional 347 shares during the last quarter. KBC Group NV raised its position in shares of Blackbaud by 33.9% in the fourth quarter. KBC Group NV now owns 1,676 shares of the technology company's stock valued at $124,000 after buying an additional 424 shares in the last quarter. Huntington National Bank raised its position in shares of Blackbaud by 13.9% in the fourth quarter. Huntington National Bank now owns 1,864 shares of the technology company's stock valued at $138,000 after buying an additional 227 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Blackbaud in the third quarter valued at approximately $142,000. Institutional investors own 94.21% of the company's stock.
Blackbaud Company Profile
(
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.
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