Blackbaud Reports Earnings: Misses Estimates by $0.50 per Share

Blackbaud (NASDAQ:BLKB) disclosed its earnings results on Tuesday. The technology firm reported earnings of $0.58 per share for the quarter, which was significantly lower than analysts' average expectation of $1.08, showing a miss of $0.50, according to Zacks. The company's net margin stood at 4.61%, while its return on equity was 20.34%. Additionally, Blackbaud has revised its full-year 2025 earnings guidance to a range of $4.160 to $4.350 per share.

Blackbaud's Stock Performance

The company's stock opened at $79.88 on Tuesday. Over the past year, Blackbaud has seen its shares fluctuate, hitting a low of $66.47 and a high of $88.95. Currently, the 50-day moving average price is $77.07, while the 200-day moving average price is $80.41. The firm maintains a quick ratio and current ratio of 0.68, coupled with a debt-to-equity ratio of 1.79. With a market capitalization of $3.93 billion, the company's price-to-earnings (PE) ratio is 78.31, and its beta is 1.08.

Analyst Ratings and Price Targets

Several analysts have provided updated ratings on Blackbaud shares. Research firm Robert W. Baird downgraded the stock from an "outperform" rating to "neutral" and lowered the price target from $92.00 to $80.00 as of October 31. In these reports, four investment analysts have given the stock a hold rating, while two have rated it as buy. Currently, the average rating remains as "Hold," with an average target price of $86.67, per data from MarketBeat.

Insider Trading Activity

In recent insider trading activity, CEO Michael P. Gianoni sold 800 shares of the company on November 21 at an average price of $83.15, amounting to a total of $66,520. This sale reduced his ownership stake by 0.21%, leaving him with approximately 373,293 shares valued at around $31 million. CFO Anthony W. Boor also sold 10,000 shares on the same day at an average price of $84.85, totaling $848,500. Following this transaction, Boor now holds 140,262 shares valued at about $11.9 million, reflecting a 6.66% reduction in his position. In total, insiders have sold 20,279 shares valued at $1.75 million over the last three months, with corporate insiders owning roughly 1.95% of the company's equity.

Overview of Blackbaud

Blackbaud, Inc. specializes in providing cloud software solutions primarily tailored for nonprofits, foundations, educational institutions, and healthcare organizations both in the United States and globally. The company delivers various fundraising and engagement solutions including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, and Blackbaud Luminate Online. Its financial management offerings feature tools such as Blackbaud Financial Edge NXT and Blackbaud Tuition Management.

earnings, estimates, stock