Media coverage about Blackbaud (NASDAQ:BLKB) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackbaud earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Blackbaud, Inc. (NASDAQ:BLKB) Experiences Lighter than Average Trading Volume (highlightpress.com)
- The Philip Morris International (PM) Earns News Sentiment Score of (theaviationweek.net)
- Philip Morris International Inc (NYSE:PM) Receives An Update From Brokers (hoyentv.com)
- Philip Morris International Inc (PM) Position Maintained by Westbourne Investment Advisors Inc (badhub.net)
- Blackbaud : Intelligence for Good™ Leverages Advanced Analytics to Transform Data into Mission-Based Outcomes (4-traders.com)
Blackbaud (NASDAQ:BLKB) traded down 0.31% during midday trading on Friday, hitting $91.84. 225,483 shares of the company traded hands. The stock has a market cap of $4.27 billion, a P/E ratio of 92.86 and a beta of 0.76. Blackbaud has a 12-month low of $55.88 and a 12-month high of $93.27. The stock has a 50 day moving average of $88.20 and a 200 day moving average of $78.63.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Monday, May 1st. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.01. The firm had revenue of $183.62 million for the quarter, compared to analyst estimates of $182.95 million. Blackbaud had a return on equity of 31.13% and a net margin of 6.11%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Equities research analysts predict that Blackbaud will post $2.13 EPS for the current fiscal year.
Several equities analysts have issued reports on BLKB shares. Raymond James Financial, Inc. started coverage on shares of Blackbaud in a research note on Wednesday, April 19th. They issued an “outperform” rating and a $90.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Blackbaud from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Benchmark Co. reissued a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Blackbaud in a research note on Tuesday, May 2nd. B. Riley lowered shares of Blackbaud from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of Blackbaud from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $81.71.
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In other news, EVP John J. Mistretta sold 3,693 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $82.00, for a total transaction of $302,826.00. Following the completion of the transaction, the executive vice president now directly owns 86,278 shares of the company’s stock, valued at $7,074,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John J. Mistretta sold 596 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $82.00, for a total value of $48,872.00. Following the transaction, the executive vice president now directly owns 86,278 shares of the company’s stock, valued at $7,074,796. The disclosure for this sale can be found here. Insiders have sold 14,224 shares of company stock valued at $1,152,915 over the last ninety days. 2.74% of the stock is owned by insiders.
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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