BLACKBAUD INC (BLKB) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does BLACKBAUD INC Do?
Blackbaud, Inc. provides cloud software solutions to higher education institutions, K12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services. It sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina. BLACKBAUD INC (BLKB) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Michael P. Gianoni and employs approximately 3,200 people, headquartered in Charleston, South Carolina. With a market capitalization of $1.7B, BLKB is one of the notable companies in the Technology sector.
BLACKBAUD INC (BLKB) Stock Rating — Reduce (April 2026)
As of April 2026, BLACKBAUD INC receives a Reduce rating with a composite score of 42.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.BLKB ranks #2,555 out of 4,446 stocks in our coverage universe. Within the Technology sector, BLACKBAUD INC ranks #274 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
BLKB Stock Price and 52-Week Range
BLACKBAUD INC (BLKB) currently trades at $34.27. The stock lost $1.89 (5.2%) in the most recent trading session. The 52-week high for BLKB is $74.88, which means the stock is currently trading -54.2% from its annual peak. The 52-week low is $43.16, putting the stock -20.6% above its annual trough. Recent trading volume was 583K shares, suggesting relatively thin trading activity.
Is BLKB Overvalued or Undervalued? — Valuation Analysis
BLACKBAUD INC (BLKB) carries a value factor score of 68/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 18.00x, compared to the Technology sector average of 45.27x — a discount of 60%. The price-to-book ratio stands at 20.92x, versus the sector average of 3.16x. The price-to-sales ratio is 1.59x, compared to 1.06x for the average Technology stock. On an enterprise value basis, BLKB trades at 10.66x EV/EBITDA, versus 12.79x for the sector.
Overall, BLKB's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
BLACKBAUD INC Profitability — ROE, Margins, and Quality Score
BLACKBAUD INC (BLKB) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 116.2%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 4.1% versus the sector average of -1.0%.
On a margin basis, BLACKBAUD INC reports gross margins of 58.1%, compared to 50.9% for the sector. The operating margin is 15.6% (sector: -0.5%). Net profit margin stands at 8.8%, versus -1.5% for the average Technology stock. Revenue growth is running at -2.1% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
BLKB Debt, Balance Sheet, and Financial Health
BLACKBAUD INC has a debt-to-equity ratio of 1306.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.79x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $1.11B. Cash and equivalents stand at $38M.
BLKB has a beta of 0.61, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for BLACKBAUD INC is 65/100, reflecting average volatility within the normal range for its sector.
BLACKBAUD INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, BLACKBAUD INC reported revenue of $1.12B and earnings per share (EPS) of $2.41. Net income for the quarter was $99M. Gross margin was 58.1%. Operating income came in at $175M.
In FY 2025, BLACKBAUD INC reported revenue of $1.13B and earnings per share (EPS) of $2.41. Net income for the quarter was $115M. Gross margin was 58.8%. Revenue grew -2.3% year-over-year compared to FY 2024. Operating income came in at $191M.
In Q3 2025, BLACKBAUD INC reported revenue of $281M and earnings per share (EPS) of $1.00. Net income for the quarter was $47M. Gross margin was 59.6%. Revenue grew -1.9% year-over-year compared to Q3 2024. Operating income came in at $55M.
In Q2 2025, BLACKBAUD INC reported revenue of $282M and earnings per share (EPS) of $0.55. Net income for the quarter was $26M. Gross margin was 59.7%. Revenue grew -1.8% year-over-year compared to Q2 2024. Operating income came in at $57M.
Over the past 8 quarters, BLACKBAUD INC has demonstrated a growth trajectory, with revenue expanding from $287M to $1.12B. Investors analyzing BLKB stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
BLKB Dividend Yield and Income Analysis
BLACKBAUD INC (BLKB) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
BLKB Momentum and Technical Analysis Profile
BLACKBAUD INC (BLKB) has a momentum factor score of 21/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 34/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 23/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
BLKB vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, BLACKBAUD INC (BLKB) ranks #274 out of 584 stocks based on the Blank Capital composite score. This places BLKB in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing BLKB against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BLKB vs S&P 500 (SPY) comparison to assess how BLACKBAUD INC stacks up against the broader market across all factor dimensions.
BLKB Next Earnings Date
No upcoming earnings date has been announced for BLACKBAUD INC (BLKB) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy BLKB? — Investment Thesis Summary
The quantitative profile for BLACKBAUD INC suggests caution. The value score of 68/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 21/100, a headwind for near-term performance. Low volatility (stability score 65/100) reduces downside risk.
In summary, BLACKBAUD INC (BLKB) earns a Reduce rating with a composite score of 42.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BLKB stock.
Related Resources for BLKB Investors
Explore more research and tools: BLKB vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BLKB head-to-head with peers: BLKB vs IHS, BLKB vs VRSN, BLKB vs ESE.