News coverage about Blackbaud (NASDAQ:BLKB) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackbaud earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.2725070894583 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Blackbaud (BLKB) opened at $95.80 on Monday. Blackbaud has a 52-week low of $61.98 and a 52-week high of $104.55. The stock has a market cap of $4,607.02, a P/E ratio of 87.89, a price-to-earnings-growth ratio of 5.14 and a beta of 0.83. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.19.
Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The firm had revenue of $195.51 million for the quarter, compared to analyst estimates of $196.35 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts expect that Blackbaud will post 1.57 earnings per share for the current year.
BLKB has been the topic of a number of research reports. B. Riley set a $82.00 price target on shares of Blackbaud and gave the company a “hold” rating in a research note on Thursday, October 26th. Dougherty & Co initiated coverage on shares of Blackbaud in a research note on Tuesday, October 31st. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird set a $85.00 price target on shares of Blackbaud and gave the company a “hold” rating in a research note on Sunday, October 1st. Finally, Zacks Investment Research lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.75.
In other Blackbaud news, EVP Kevin W. Mooney sold 900 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $101.17, for a total transaction of $91,053.00. Following the transaction, the executive vice president now owns 77,711 shares in the company, valued at approximately $7,862,021.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Anthony W. Boor sold 1,989 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $98.26, for a total transaction of $195,439.14. Following the sale, the chief financial officer now owns 105,342 shares in the company, valued at approximately $10,350,904.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,655 shares of company stock worth $972,923. Company insiders own 2.19% of the company’s stock.
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Blackbaud Company Profile
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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