Shares of Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.33.
Separately, Robert W. Baird lowered their target price on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th.
Read Our Latest Research Report on Blackbaud
Institutional Trading of Blackbaud
Blackbaud Stock Up 0.2 %
Blackbaud stock opened at $63.45 on Friday. Blackbaud has a 1-year low of $62.99 and a 1-year high of $88.95. The firm’s fifty day simple moving average is $73.13 and its 200-day simple moving average is $78.85. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40. The company has a market capitalization of $3.12 billion, a P/E ratio of -10.75 and a beta of 1.09.
Blackbaud (NASDAQ:BLKB – Get Free Report) last posted 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). Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. The firm had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Sell-side analysts forecast that Blackbaud will post 3.05 earnings per share for the current fiscal year.
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.
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