Blackbaud, Inc. (NASDAQ:BLKB) Given Average Recommendation of “Hold” by Brokerages

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.75.

Several research firms recently weighed in on BLKB. Zacks Research cut shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus dropped their target price on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Weiss Ratings cut shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Raymond James Financial reissued an “outperform” rating on shares of Blackbaud in a report on Wednesday. Finally, Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $50.00 in a research report on Thursday, April 30th.

Blackbaud Price Performance

NASDAQ BLKB traded up $6.44 during trading on Wednesday, reaching $42.37. The company’s stock had a trading volume of 1,403,384 shares, compared to its average volume of 652,493. The stock has a market capitalization of $1.95 billion, a PE ratio of 14.36, a P/E/G ratio of 1.23 and a beta of 1.01. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a fifty day moving average of $29.69 and a 200 day moving average of $39.37. Blackbaud has a one year low of $25.58 and a one year high of $74.88.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.10. The firm had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts expect that Blackbaud will post 3.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the sale, the chief financial officer owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Blackbaud

A number of hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC boosted its stake in shares of Blackbaud by 117.1% during the second quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company’s stock valued at $3,020,000 after purchasing an additional 54,997 shares during the period. GAMMA Investing LLC increased its stake in shares of Blackbaud by 127.6% in the second quarter. GAMMA Investing LLC now owns 2,226 shares of the technology company’s stock worth $66,000 after buying an additional 1,248 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Blackbaud by 1,147.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the technology company’s stock valued at $40,000 after buying an additional 1,251 shares during the last quarter. Versant Capital Management Inc raised its holdings in Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock valued at $38,000 after buying an additional 912 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Blackbaud by 2,958.2% during the 1st quarter. Pacer Advisors Inc. now owns 187,557 shares of the technology company’s stock valued at $7,242,000 after buying an additional 181,424 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Blackbaud News Summary

Here are the key news stories impacting Blackbaud this week:

• Positive Sentiment: Adjusted earnings beat expectations: Blackbaud reported quarterly adjusted EPS of $1.33, above the Zacks consensus estimate of $1.23 and up from $1.21 a year earlier. Blackbaud Surpasses Q2 Earnings Estimates
• Positive Sentiment: Full-year EPS guidance increased: Blackbaud projected fiscal 2026 EPS of $5.15 to $5.25, well above the analyst consensus of $4.87. Management also said it expects to finish the year in the upper half of its revenue, adjusted EBITDA, non-GAAP EPS, and free-cash-flow ranges. Blackbaud Announces 2026 Second Quarter Results
• Positive Sentiment: Recurring revenue and cash flow remained solid: Second-quarter revenue rose 3.0% year over year to $290.6 million, while recurring revenue increased 3.3% to $285.3 million, representing 98.2% of total revenue. Operating cash flow was $91.1 million, and approximately $850 million remained available under the company’s stock-repurchase authorization. Blackbaud Q2 2026 Earnings
• Neutral Sentiment: GAAP and adjusted results differ: The company reported GAAP net income of $35.4 million and diluted GAAP EPS of $0.79. A separate earnings report cited $0.83 EPS against a $1.23 consensus estimate, while the $1.33 figure reflects the adjusted measure investors typically use for comparison.
• Negative Sentiment: Growth remains moderate and insider selling is a potential overhang: Revenue growth was only about 3%, and insiders made eight open-market sales with no purchases over the past six months. These factors could temper enthusiasm despite the earnings beat and stronger EPS outlook.

About Blackbaud

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.