Blackbaud (NASDAQ:BLKB) Releases Earnings Results, Misses Estimates By $0.50 EPS

Blackbaud (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50), Zacks reports. Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. The business had revenue of $302.23 million during the quarter, compared to the consensus estimate of $303.41 million. Blackbaud updated its FY 2025 guidance to 4.160-4.350 EPS.

Blackbaud Trading Down 3.4 %

Shares of NASDAQ:BLKB opened at $68.52 on Thursday. The company has a market cap of $3.37 billion, a PE ratio of 67.18 and a beta of 1.08. The company’s 50-day moving average price is $76.63 and its 200 day moving average price is $80.29. Blackbaud has a fifty-two week low of $66.47 and a fifty-two week high of $88.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79.

Insider Activity at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 9,479 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $88.13, for a total transaction of $835,384.27. Following the transaction, the chief executive officer now owns 344,079 shares of the company’s stock, valued at approximately $30,323,682.27. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLKB. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird reduced their price target on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.33.

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.