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 $63.93.
According to TipRanks, VanVliet is an analyst with an average return of -13.9% and a 32.04% success rate. VanVliet covers the Technology sector, focusing on stocks such as Agilysys, Blackbaud, and Model N.
Currently, the analyst consensus on Blackbaud is a Hold with an average price target of $66.00.
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Based on Blackbaud’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $274.76 million and a GAAP net loss of $21.26 million. In comparison, last year the company earned a revenue of $247.89 million and had a GAAP net loss of $7.06 million
Based on the recent corporate insider activity of 56 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.
Read More on BLKB:
- Blackbaud Rejects Takeover Offer from Clearlake Capital
- Blackbaud Board of Directors Unanimously Rejects Unsolicited Proposal from Clearlake Capital
- Blackbaud price target lowered to $66 from $70 at Baird
- Blackbaud sees 2023 non-GAAP EPS $3.30-$3.60, consensus $3.18
- Blackbaud reports Q4 non-GAAP EPS 68c, consensus 60c
