Blackbaud Inc. Hits New 52-Week High at $40.09 (BLKB)
Shares of Blackbaud (NASDAQ:BLKB) hit a new 52-week high during trading hours on Friday, American Banking & Market News reports. The company traded as high as $40.09 and last traded at $40.08, with a volume of 52,501 shares trading hands. The stock had previously closed at $39.32.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $42.30 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. They now have a $51.00 price target on the stock.
Blackbaud has a 52 week low of $20.99 and a 52 week high of $40.00. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $33.26. The company has a market cap of $1.794 billion and a price-to-earnings ratio of 113.31.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.03. The company had revenue of $125.50 million for the quarter, compared to the consensus estimate of $122.03 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Blackbaud will post $1.27 EPS for the current fiscal year.
Blackbaud, Inc is a global provider of software and related services designed specifically for nonprofit organizations.
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