Blackbaud (BLKB) Receiving Somewhat Favorable News Coverage, Analysis Finds
Headlines about Blackbaud (NASDAQ:BLKB) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackbaud earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.3729649120095 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Blackbaud, Inc. (BLKB) Forecasted to Earn Q1 2019 Earnings of $0.51 Per Share (americanbankingnews.com)
- Blackbaud (BLKB) Upgraded at Zacks Investment Research (americanbankingnews.com)
- B. Riley Boosts Blackbaud (BLKB) Price Target to $90.00 (americanbankingnews.com)
- Stifel Nicolaus Boosts Blackbaud (BLKB) Price Target to $105.00 (americanbankingnews.com)
- Blackbaud (BLKB) Downgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Blackbaud (NASDAQ BLKB) traded up $0.16 on Monday, hitting $93.74. The stock had a trading volume of 381,445 shares, compared to its average volume of 309,560. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.40. The stock has a market cap of $4,500.23, a PE ratio of 68.42, a PEG ratio of 5.34 and a beta of 0.75. Blackbaud has a fifty-two week low of $68.61 and a fifty-two week high of $104.55.
BLKB has been the subject of a number of research analyst reports. BidaskClub cut Blackbaud from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, October 30th. Citigroup set a $112.00 target price on Blackbaud and gave the company a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus raised their target price on Blackbaud from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Finally, B. Riley set a $82.00 target price on Blackbaud and gave the company a “hold” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $95.33.
In other news, EVP Kevin W. Mooney sold 4,466 shares of Blackbaud stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $101.00, for a total value of $451,066.00. Following the completion of the transaction, the executive vice president now owns 71,655 shares in the company, valued at approximately $7,237,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Boruff sold 800 shares of Blackbaud stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $103.95, for a total value of $83,160.00. Following the completion of the transaction, the executive vice president now owns 50,862 shares of the company’s stock, valued at approximately $5,287,104.90. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
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Blackbaud Company Profile
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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