Blackbaud stock touches 52-week low at $66.02 amid market shifts

In a market that continues to challenge even the most stalwart of companies, Blackbaud Inc. (NASDAQ:BLKB) has seen its shares tumble to a 52-week low, reaching a price level of $66.02 USD. According to InvestingPro analysis, the company appears undervalued at current levels, with management actively buying back shares despite the recent market pressure. This latest valuation marks a significant moment for the software company, which specializes in providing services to non-profit organizations. The stock has declined 18.59% over the past six months, with year-to-date losses of 9.55%. While these numbers may concern investors, InvestingPro data reveals encouraging signs, including expected net income growth and strong free cash flow yield. Investors and analysts are closely monitoring the company’s performance, as well as the broader market conditions that have contributed to this downturn, to gauge the potential for recovery or further decline. For deeper insights, access the comprehensive Pro Research Report available on InvestingPro, covering this and 1,400+ other US stocks.

In other recent news, Blackbaud reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.08, which surpassed the forecast of $1.06. However, the company’s revenue fell short of expectations at $302.2 million against the anticipated $305.28 million. The full-year 2024 revenue was $1.155 billion, marking a 5.2% organic growth rate. Blackbaud’s management has projected 2025 revenue between $1.115 billion and $1.125 billion, with EBITDA margins expected to range from 34.9% to 35.9%.

Evercore ISI recently initiated coverage on Blackbaud with an In Line rating, setting a price target of $80. This follows Blackbaud’s fiscal year 2025 revenue guidance, which fell short of Street consensus, ranging from $1.115 billion to $1.125 billion. Meanwhile, Raymond (NSE:RYMD) James maintained an Outperform rating with a $95 price target, noting the company’s strategic investments and plans to repurchase 3-5% of shares in 2025. Blackbaud’s focus on AI innovations, such as the Blackbaud CoPilot, is expected to drive future growth, as more customers transition from on-premise solutions.

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