How Many Blackbaud, Inc. (NASDAQ:BLKB)’s Analysts Are Bearish?

July 18, 2017 - By Linda Rogers

 How Many Blackbaud, Inc. (NASDAQ:BLKB)'s Analysts Are Bearish?
Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.39, from 1.38 in 2016Q3. It dived, as 27 investors sold Blackbaud, Inc. shares while 68 reduced holdings. 25 funds opened positions while 69 raised stakes. 51.96 million shares or 3.92% more from 50.00 million shares in 2016Q3 were reported.
Huntington Bancorporation owns 2,828 shares. Amalgamated National Bank has invested 0.02% in Blackbaud, Inc. (NASDAQ:BLKB). Price T Rowe Associates Inc Md stated it has 0.01% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Deutsche Bankshares Ag stated it has 0% in Blackbaud, Inc. (NASDAQ:BLKB). Moreover, Royal State Bank Of Canada has 0% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 18,375 shares. Ftb Advsr invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Strs Ohio owns 5,600 shares. State Of Alaska Department Of Revenue has invested 0.03% in Blackbaud, Inc. (NASDAQ:BLKB). Northern Tru Corp, Illinois-based fund reported 758,618 shares. Ls Invest Advsrs Ltd Llc reported 0.01% in Blackbaud, Inc. (NASDAQ:BLKB). Da Davidson & reported 475 shares. Fdx Advsrs Inc stated it has 0.02% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Whittier Tru Of Nevada owns 60 shares. Ny State Teachers Retirement Sys stated it has 0.02% in Blackbaud, Inc. (NASDAQ:BLKB). Comerica Bank holds 0.03% or 51,260 shares in its portfolio.

Since February 9, 2017, it had 0 buys, and 20 sales for $9.38 million activity. 2,500 shares valued at $190,000 were sold by MISTRETTA JOHN J on Wednesday, March 15. On Thursday, May 4 the insider BOOR ANTHONY W sold $713,437. Nelson Joyce sold $71,070 worth of stock or 1,000 shares. $549,335 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by Cumbaa Charles T. Olson Jon W also sold $337,346 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares. The insider Boruff Brian sold 3,500 shares worth $256,550. CHOU TIMOTHY C K sold 3,531 shares worth $249,430.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Among 10 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Blackbaud Inc has $90 highest and $66 lowest target. $77’s average target is -12.97% below currents $88.48 stock price. Blackbaud Inc had 16 analyst reports since October 13, 2015 according to SRatingsIntel. Wunderlich downgraded the stock to “Hold” rating in Friday, February 10 report. Stifel Nicolaus maintained the shares of BLKB in report on Thursday, June 30 with “Buy” rating. The stock has “Sector Weight” rating by Pacific Crest on Tuesday, March 22. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Outperform” rating given on Thursday, December 10 by Robert W. Baird. The company was initiated on Monday, June 27 by Evercore. The firm has “Neutral” rating given on Tuesday, February 28 by Robert W. Baird. The rating was initiated by B. Riley & Co on Tuesday, October 13 with “Neutral”. The rating was initiated by Wunderlich on Thursday, February 18 with “Buy”. The firm has “Underperform” rating given on Wednesday, November 23 by Bank of America. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Buy” rating given on Thursday, November 19 by Benchmark. Below is a list of Blackbaud, Inc. (NASDAQ:BLKB) latest ratings and price target changes.

19/04/2017 Broker: Raymond James Rating: Outperform New Target: $90.00 Initiates Coverage On
28/02/2017 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral New Target: $75 Downgrade
10/02/2017 Broker: Wunderlich Old Rating: Buy New Rating: Hold Downgrade
10/02/2017 Broker: Stifel Nicolaus Rating: Buy Old Target: $73 New Target: $79 Maintain

The stock decreased 0.33% or $0.29 during the last trading session, reaching $88.48. About shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since July 18, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Blackbaud, Inc. is a cloud software company. The company has market cap of $4.26 billion. The Firm offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. It has a 89.76 P/E ratio. The Company’s divisions include the General Markets Business Unit , the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

More notable recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Prnewswire.com which released: “Blackbaud to Acquire Leading Charity Crowdfunding Platform JustGiving” on June 26, 2017, also Prnewswire.com with their article: “Blackbaud Announces Date of Second Quarter 2017 Financial Results” published on July 12, 2017, Prnewswire.com published: “Award-Winning Actress and International Women’s Advocate Robin Wright to …” on July 14, 2017. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) were released by: Postandcourier.com and their article: “Charleston-based Blackbaud moves into crowdfunding with its biggest …” published on June 26, 2017 as well as Prnewswire.com‘s news article titled: “Blackbaud’s Intelligence for Goodâ„¢ Named Best AI Innovation in Charity” with publication date: June 30, 2017.

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