BLKB Stock Summary and Trading Ideas (Blackbaud | NASDAQ:BLKB)

Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.

Blackbaud trades on the NASDAQ stock market under the symbol BLKB.

As of April 26, 2024, BLKB stock price declined to $77.95 with 134,672 million shares trading.

BLKB has a beta of 1.06, meaning it tends to be more sensitive to market movements. BLKB has a correlation of 0.19 to the broad based SPY ETF.

BLKB has a market cap of $4.17 billion. This is considered a Mid Cap stock.

Last quarter Blackbaud reported $295 million in Revenue and $1.14 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.09.

In the last 3 years, BLKB stock traded as high as $88.56 and as low as $43.54.

The top ETF exchange traded funds that BLKB belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

BLKB has underperformed the market in the last year with a return of +14.6%, while the SPY ETF gained +27.4%. In the last 3 month period, BLKB fell short of the market, returning -6.7%, while SPY returned +4.6%. However, in the most recent 2 weeks BLKB has outperformed the stock market by returning +1.6%, while SPY returned -0.5%.

BLKB support price is $76.59 and resistance is $79.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLKB stock will trade within this expected range on the day.