Stifel Nicolaus analyst J. Parker Lane maintained a Hold rating on Blackbaud (BLKB – Research Report) on August 4 and set a price target of $75.00. The company’s shares closed last Friday at $73.55.
Parker Lane covers the Technology sector, focusing on stocks such as Q2 Holdings, Twilio, and Intapp. According to TipRanks, Parker Lane has an average return of -4.9% and a 44.12% success rate on recommended stocks.
Currently, the analyst consensus on Blackbaud is a Hold with an average price target of $78.00.
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Based on Blackbaud’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $262.39 million and a net profit of $2.11 million. In comparison, last year the company earned a revenue of $257.12 million and had a GAAP net loss of $10.41 million
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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