Blackbaud Inc. Sets New 1-Year High at $42.18 (BLKB)
Blackbaud (NASDAQ:BLKB) set a new 52-week high during mid-day trading on Tuesday, Analyst Ratings News reports. The stock traded as high as $42.18 and last traded at $41.94, with a volume of 180,574 shares. The stock had previously closed at $40.67.
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.
In other Blackbaud news, SVP Charles T. Cumbaa sold 5,836 shares of Blackbaud stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $41.75, for a total transaction of $243,653.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Blackbaud has a 1-year low of $20.99 and a 1-year high of $38.84. The stock has a 50-day moving average of $35.63 and a 200-day moving average of $31.92. The company has a market cap of $1.871 billion and a P/E ratio of 117.20.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.25 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.24 earnings per share. Blackbaud’s revenue was up 10.4% compared to the same quarter last year. 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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