In a report released yesterday, Matthew VanVliet from BTIG maintained a Hold rating on Blackbaud (BLKB – Research Report). The company’s shares closed yesterday at $45.29.
VanVliet covers the Technology sector, focusing on stocks such as 8X8, Tyler Technologies, and Twilio. According to TipRanks, VanVliet has an average return of -13.8% and a 28.38% success rate on recommended stocks.
Blackbaud has an analyst consensus of Hold, with a price target consensus of $59.00, which is a 30.27% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $48.00 price target.
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BLKB market cap is currently $2.36B and has a P/E ratio of -152.42.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLKB in relation to earlier this year.
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Blackbaud, Inc. engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, grantmaking, financial management, payment processing, and analytics. The company was founded by Anthony E. Bakker in 1981 and is headquartered in Charleston, SC.
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