Blackbaud, Inc. (NASDAQ:BLKB – Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 717,600 shares, a growth of 25.9% from the February 13th total of 570,100 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 225,600 shares, the short-interest ratio is currently 3.2 days.
Analyst Ratings Changes
Separately, Robert W. Baird lowered their price target on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Blackbaud presently has an average rating of “Hold” and a consensus target price of $85.33.
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Institutional Investors Weigh In On Blackbaud
Blackbaud Stock Performance
NASDAQ:BLKB opened at $63.45 on Monday. The company has a debt-to-equity ratio of 7.40, a current ratio of 0.78 and a quick ratio of 0.68. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -10.75 and a beta of 1.09. The company’s 50-day moving average is $73.13 and its two-hundred day moving average is $78.82. Blackbaud has a 1-year low of $62.99 and a 1-year high of $88.95.
Blackbaud (NASDAQ:BLKB – Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.50). The firm had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. Analysts forecast that Blackbaud will post 3.05 EPS for the current year.
Blackbaud Company Profile
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.
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