Blackbaud (NASDAQ:BLKB) Issues FY 2025 Earnings Guidance

Blackbaud (NASDAQ:BLKB) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.160-4.350 for the period, compared to the consensus EPS estimate of 4.670. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLKB. Robert W. Baird lowered shares of Blackbaud from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $80.00 in a research note on Thursday, October 31st. Baird R W lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.67.

Blackbaud Price Performance

Shares of BLKB opened at $79.88 on Tuesday. The stock has a market capitalization of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08. Blackbaud has a fifty-two week low of $66.47 and a fifty-two week high of $88.95. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50 day moving average price of $77.07 and a 200-day moving average price of $80.41.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). Blackbaud had a net margin of 4.61% and a return on equity of 20.34%. Equities analysts predict that Blackbaud will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael P. Gianoni sold 9,479 shares of Blackbaud stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $88.13, for a total transaction of $835,384.27. Following the completion of the transaction, the chief executive officer now directly owns 344,079 shares of the company’s stock, valued at $30,323,682.27. The trade was a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Anthony W. Boor sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $84.85, for a total transaction of $848,500.00. Following the sale, the chief financial officer now owns 140,262 shares in the company, valued at approximately $11,901,230.70. This represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,279 shares of company stock valued at $1,750,404. 1.95% of the stock is currently owned by corporate insiders.

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.