Blackbaud Inc. (NASDAQ:BLKB) went down by -3.47% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Software – Application giant went up by $57.38 to trade ended Tuesday trading at $59.44. This is down from the $59.44 price recorded on Monday’s trading session. Thanks to this latest performance, BLKB is closer to the higher price 52-week target of $60.00 and further from the lowest price target of $48.00. Its performance from the start of the year has also been negative, with BLKB down by -27.91% year-to-date.
Blackbaud Inc. (BLKB) started the day trading at $60 and recorded an intraday high of $60.06. It also recorded an intraday low of $57.24 during Tuesday’s trading session. Blackbaud Inc. is a very active stock that recorded a trading volume that is less than -94.12% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 226496, which is less than -94.12 of the total average daily trading volume of 439.68K.
Blackbaud Inc. (NASDAQ:BLKB) 2020 Performance Impressive
The increase in BLKB’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of BLKB currently stands at $97.35, which is higher than the current trading price of the stock by 41.06%. However, BLKB’s current trading price is -50.13% lower than the 52-week low price of $38.22. In terms of trading volume, Blackbaud Inc. currently experienced healthy participation during the last trading session. 226496 shares of Blackbaud Inc. were traded on the stock exchange on Tuesday, which is less than -94.12% of the 439.68K average trading volume of the stock.
The performance of the stock has been positive over the past year. BLKB’s performance over the past one year has seen it plunge by -31.09%, while the stock has gone down by -27.73% in the last six months. The quarterly performance of BLKB currently stands at 15.45%, and it is down by -9.17% in the last month. The only positive figure was from the weekly performance, which currently reads 0.46%. At the time of writing BLKB’s report, the company has a total market cap of $2.85B, making it one of the largest publicly-traded companies in the world.Blackbaud Inc. also has over 3611 employees all over the world.
BLKB Insider Activities
The insider transactions over the past six months are up by 40.30%.For Blackbaud Inc. insiders bought 237,020 shares in 10 transactions. In that same period, insiders sold 129,033 of their shares in 38 transactions. After these transactions, insiders at Blackbaud Inc. now hold 785.91k shares, which is over 106.33% of the total company stocks. Institutional investors currently hold a large chunk of the BLKB shares, as they control 1.63% of the company’s total stock.
BLKB Fundamental Analysis
For Blackbaud Inc., the stock’s diluted earnings per share (EPS) stands at 0.37. In the coming year, analysts expect the EPS to be 2.22. The EPS growth will slow down over the next five years to -6.90% after plunging by -16.80% in the previous five years. In terms of revenue, Blackbaud Inc.’s quarterly sales (YOY) is growing at 0.50, which is higher than the average annual revenue of -16.80% over the past half a decade.
The Return on Investment (ROI) on Blackbaud Inc.’s stock currently stands at 3.30%, and it has a net profit margin of 1.90%. The operating margin of the company is 3.70%, and its gross margin is 53.30%.
BLKB Analysts Prediction
Another analyst that has a Underperform rating for BLKB is BofA/Merrill, which set a price target of between $70 and $80.
Stifel and Stifel also believe that Blackbaud Inc.’s stock is outperforming at the moment.
At the moment, Blackbaud Inc.’s Total Debt to Equity ratio stands at 1.40, and they have a long-term Debt to Equity ratio of 1.37.
BLKB Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of BLKB currently stands at -2.21%, while the SMA50 is 1.26%. The biggest one is the SMA200, which is currently reading -18.66% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 48.27, while its price to earnings ratio (P/E) is 157.21.