Blackbaud Reaches New 52-Week High (BLKB)

NEW YORK ( TheStreet) -- Blackbaud (Nasdaq: BLKB) hit a new 52-week high Monday as it is currently trading at $33.65, above its previous 52-week high of $33.36 with 2,440 shares traded as of 9:34 a.m. ET. Average volume has been 172,100 shares over the past 30 days.

Blackbaud has a market cap of $1.33 billion and is part of the technology sector and computer software & services industry. Shares are up 19.4% year to date as of the close of trading on Friday.

Blackbaud, Inc. provides software and related services for nonprofit organizations. The company has a P/E ratio of 43.4, above the average computer software & services industry P/E ratio of 37.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Blackbaud as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Blackbaud Ratings Report.

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