In a report released on December 28, Matthew VanVliet from BTIG maintained a Hold rating on Blackbaud (BLKB – Research Report). The company’s shares closed last Friday at $86.70.
VanVliet covers the Technology sector, focusing on stocks such as Blackbaud, Guidewire, and Five9. According to TipRanks, VanVliet has an average return of -8.5% and a 43.50% success rate on recommended stocks.
Blackbaud has an analyst consensus of Hold, with a price target consensus of $79.00.
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The company has a one-year high of $88.56 and a one-year low of $53.39. Currently, Blackbaud has an average volume of 181K.
Based on the recent corporate insider activity of 61 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 (BLKB) Company Description:
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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