Blackbaud, Inc.

Valuation Analysis

About the Company

Blackbaud, Inc. engages in the providing AI-powered solutions in the United States and internationally. The company offers fundraising and engagement solutions, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving from Blackbaud, Blackbaud Fundraiser Performance Management, and Blackbaud Altru; financial management solutions, such as Blackbaud Financial Edge NXT, Blackbaud Purchase Cards, Blackbaud Tuition Management, Blackbaud Financial Aid Management, and Blackbaud Billing Management; and grant and award management solutions, which includes Blackbaud Grantmaking and Blackbaud Award Management. It also offers education solutions, including Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enro

Blackbaud, Inc. Stock at a Glance

Blackbaud, Inc. (BLKB) is currently trading at $27.90 with a market capitalization of $1.3B. The trailing P/E ratio stands at 9.46x, with a forward P/E of 4.76x. The 52-week range spans from $26.59 to $74.88; the current price is 62.7% below the yearly high. Year-over-year revenue growth stands at +4.2%. The net profit margin stands at 12.44%.

💰 Dividend

Blackbaud, Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Analyst Rating

5 analysts rate Blackbaud, Inc. (BLKB) on consensus: None. The average price target is $51.00, implying +82.8% from the current price. Analyst price targets range from $45.00 to $65.00.

Blackbaud, Inc.: The Investment Case in Detail

Blackbaud, Inc. (BLKB) operates in the Technology — specifically Software - Application — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Earnings growth of 650.6% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. The combination of a 59.24% gross margin and 18.33% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Return on equity of 418.69% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

The Bear Case

Revenue growth has slowed to just 4.2%, which is below nominal GDP — the business is no longer outgrowing the broader economy. The debt-to-equity ratio of 3457.18% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn. Short interest sits at 13.27% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

With a PEG ratio of 0.31, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 9.2x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The forward P/E of 4.76x is meaningfully below the trailing 9.46x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 82.8% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to market-like volatility, elevated short interest (13.27%), higher leverage relative to equity.

Trading Data

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