Blackbaud (BLKB) to Release Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is projected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Blackbaud to post earnings of $1.08 per share and revenue of $303.41 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Blackbaud Stock Down 1.1 %

BLKB stock opened at $79.88 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08. Blackbaud has a twelve month low of $66.47 and a twelve month high of $88.95. The stock has a 50-day simple moving average of $77.03 and a two-hundred day simple moving average of $80.39.

Analyst Ratings Changes

A number of analysts have recently issued reports on BLKB shares. Baird R W downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird downgraded Blackbaud from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $92.00 to $80.00 in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Blackbaud currently has a consensus rating of “Hold” and an average price target of $86.67.

Insider Activity

In related news, Director Sarah E. Nash sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $83.46, for a total value of $133,536.00. Following the completion of the sale, the director now owns 22,123 shares in the company, valued at $1,846,385.58. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Anthony W. Boor sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the completion of the sale, the chief financial officer now owns 140,262 shares of the company’s stock, valued at $11,901,230.70. The trade was a 6.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,204 shares of company stock worth $2,909,997. 1.95% of the stock is currently owned by insiders.

About Blackbaud

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.