The stock price of Blackbaud Inc (NASDAQ: BLKB) has dropped by -15.08 compared to previous close of 87.48. Despite this, the company has seen a fall of -13.68% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Blackbaud, Inc. (NASDAQ:BLKB ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Mike Gianoni – President, Chief Executive Officer, Vice Chairman of the Board of Directors Tony Boor – Chief Financial Officer, Executive Vice President of Finance, Administration Tom Barth – Head of Investor Relations Conference Call Participants Rob Oliver – Baird Brian Peterson – Raymond James Parker Lane – Stifel Matt VanVliet – BTIG Kirk Materne – Evercore Operator Greetings, and welcome to the Blackbaud Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Blackbaud Inc (NASDAQ: BLKB) Right Now?
Blackbaud Inc (NASDAQ: BLKB) has a price-to-earnings ratio of 94.52x that is above its average ratio. Additionally, the 36-month beta value for BLKB is 1.02. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for BLKB is 40.96M and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of BLKB on October 31, 2024 was 174.33K shares.
BLKB’s Market Performance
The stock of Blackbaud Inc (BLKB) has seen a -13.68% decrease in the past week, with a -11.27% drop in the past month, and a -4.95% fall in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 1.77% for BLKB. The simple moving average for the past 20 days is -11.58% for BLKB’s stock, with a -4.94% simple moving average for the past 200 days.
Analysts’ Opinion of BLKB
Many brokerage firms have already submitted their reports for BLKB stocks, with Raymond James repeating the rating for BLKB by listing it as a “Outperform.” The predicted price for BLKB in the upcoming period, according to Raymond James is $88 based on the research report published on June 05, 2023 of the previous year 2023.
Robert W. Baird, on the other hand, stated in their research note that they expect to see BLKB reach a price target of $84, previously predicting the price at $66. The rating they have provided for BLKB stocks is “Outperform” according to the report published on May 04th, 2023.
Stifel gave a rating of “Hold” to BLKB, setting the target price at $75 in the report published on July 16th of the previous year.
BLKB Trading at -10.90% from the 50-Day Moving Average
After a stumble in the market that brought BLKB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.11% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -10.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.07% lower at present.
During the last 5 trading sessions, BLKB fell by -13.68%, which changed the moving average for the period of 200-days by -8.03% in comparison to the 20-day moving average, which settled at $84.02. In addition, Blackbaud Inc saw -14.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BLKB starting from McDearis Kevin, who sale 2,316 shares at the price of $85.15 back on Sep 19 ’24. After this action, McDearis Kevin now owns 57,813 shares of Blackbaud Inc, valued at $197,219 using the latest closing price.
McDearis Kevin, the EVP & Chief Technology Officer of Blackbaud Inc, sale 2,261 shares at $85.12 during a trade that took place back on Sep 18 ’24, which means that McDearis Kevin is holding 60,129 shares at $192,460 based on the most recent closing price.
Stock Fundamentals for BLKB
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.55 for the gross margin
The net margin for Blackbaud Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 6.19, with 1.35 for asset returns.
Based on Blackbaud Inc (BLKB), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 3.71. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 154.19 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The receivables turnover for the company is 11.62for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In conclusion, Blackbaud Inc (BLKB) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
