Blackbaud (NASDAQ:BLKB) Reports Earnings, Falls Short of Estimates

Blackbaud (NASDAQ:BLKB) released its quarterly earnings on Tuesday, showing an earnings per share (EPS) of $0.58. This figure fell short of analysts' average estimates of $1.08, missing expectations by $0.50, according to reports from Zacks. The company also reported a net margin of 4.61% and a return on equity of 20.34%. Additionally, Blackbaud provided an updated guidance for its fiscal year 2025, projecting an EPS between $4.160 and $4.350.

Blackbaud Stock Performance

On Tuesday, Blackbaud's stock opened at $79.88. The company's shares have seen a 52-week low of $66.47 and a high of $88.95. Over the past 50 days, the moving average price has been $77.07, while the 200-day moving average stands at $80.41. Financial indicators show a quick ratio and current ratio of 0.68, along with a debt-to-equity ratio of 1.79. Blackbaud has a market capitalization of approximately $3.93 billion and a price-to-earnings (PE) ratio of 78.31, with a beta value of 1.08.

Analysts Adjust Price Targets

Several research analysts have weighed in on Blackbaud shares recently. On October 31st, Robert W. Baird adjusted their rating, downgrading the shares from "outperform" to "neutral" and lowering their price target from $92.00 to $80.00. Baird R W also changed their stance from a "strong-buy" to a "hold" rating for the company's stock. Currently, four investment analysts have rated Blackbaud with a "hold" rating, while two have given it a "buy" rating. MarketBeat data indicates that the average rating among analysts for the company is "Hold" with an average target price of $86.67.

Insider Transactions at Blackbaud

In other news regarding Blackbaud, CEO Michael P. Gianoni sold 800 shares on November 21st at an average price of $83.15, totaling $66,520. Following this transaction, Gianoni holds 373,293 shares valued at about $31.04 million, marking a 0.21% decrease in his stake. Additionally, CFO Anthony W. Boor sold 10,000 shares on the same date at an average price of $84.85, amounting to $848,500. After this sale, Boor owns 140,262 shares, valued at approximately $11.90 million, reflecting a decrease of 6.66% in his ownership. In total, insiders have sold 20,279 shares worth $1.75 million over the last three months, with corporate insiders owning 1.95% of Blackbaud's stock.

About Blackbaud

Blackbaud, Inc. is a technology company that provides cloud-based software solutions for nonprofits, foundations, educational institutions, and healthcare organizations both in the United States and internationally. Their offerings include fundraising and engagement solutions like Blackbaud Raiser's Edge NXT, Blackbaud CRM, and Blackbaud eTapestry, as well as financial management solutions such as Blackbaud Financial Edge NXT and Blackbaud Tuition Management.

Earnings, Stocks, Finance