Needham analyst Ryan MacDonald reiterated a Hold rating on Blackbaud (BLKB) today. The company’s shares closed last Thursday at $70.23.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 37.6% and a 67.5% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software, ChannelAdvisor, and Verint Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blackbaud with a $80.75 average price target, a 18.7% upside from current levels. In a report issued on March 23, Robert W. Baird also assigned a Hold rating to the stock with a $75.00 price target.
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Blackbaud’s market cap is currently $3.4B and has a P/E ratio of 440.00. The company has a Price to Book ratio of -5.69.
Based on the recent corporate insider activity of 28 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, 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.
