Blackbaud (NASDAQ:BLKB) received a $92.00 target price from stock analysts at Stephens in a report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the technology company’s stock. Stephens’ target price would indicate a potential upside of 6.50% from the stock’s previous close.
A number of other brokerages have also weighed in on BLKB. Zacks Investment Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research note on Wednesday, August 7th. DA Davidson lifted their target price on shares of Blackbaud to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Bank of America reaffirmed an “underperform” rating and set a $80.00 target price (up previously from $70.00) on shares of Blackbaud in a research note on Thursday, August 1st. BidaskClub lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.50.
Shares of BLKB traded down $3.49 during trading hours on Friday, reaching $86.39. 272,907 shares of the company traded hands, compared to its average volume of 193,429. The company’s fifty day moving average price is $90.81 and its two-hundred day moving average price is $84.76. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 8.83 and a beta of 1.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.75. Blackbaud has a 12 month low of $58.23 and a 12 month high of $97.35.
In related news, Director Joyce Nelson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $88.62, for a total transaction of $88,620.00. Following the sale, the director now owns 12,051 shares of the company’s stock, valued at $1,067,959.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Ellis sold 2,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $88.20, for a total transaction of $176,400.00. Following the sale, the director now directly owns 4,404 shares in the company, valued at approximately $388,432.80. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust bought a new stake in Blackbaud during the second quarter worth about $25,000. Advisory Services Network LLC boosted its stake in Blackbaud by 70.6% during the second quarter. Advisory Services Network LLC now owns 377 shares of the technology company’s stock worth $32,000 after acquiring an additional 156 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Blackbaud during the second quarter worth about $77,000. Private Capital Group LLC boosted its stake in Blackbaud by 13.3% during the second quarter. Private Capital Group LLC now owns 1,250 shares of the technology company’s stock worth $128,000 after acquiring an additional 147 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Blackbaud by 1,097.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,473 shares of the technology company’s stock worth $123,000 after buying an additional 1,350 shares during the last quarter.
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.
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