Blackbaud rose 11.55% during the afternoon session to $64.51 per share. As reported by Barrons: "Blackbaud Rejects $71-a-Share Takeover Offer From Clearlake as Too Low ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, businesses, educational institutions, healthcare organizations, and other social concern entities in the United States and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 6.23. In contrast, Blackbaud has a trailing 12 month P/E ratio of -73.31 and a P/B ratio of 4.246.
Blackbaud has moved -2.3% over the last year compared to -13.21% for the S&P 500 -- a difference of 10.91%. Blackbaud has a 52 week high of $65.4 and a 52 week low of $43.54. At today's price of $64.51 per share, Blackbaud is 7.07% away from its target price of $60.25, and on average, analysts give the stock a rating of hold. 2.14% of the company's shares are linked to short positions, and 97.74% of the shares are owned by institutional investors.
