Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Blackbaud (BLKB)
Headquartered in Charleston, SC, Blackbaud Inc. is a leading cloud software company working for social causes. The company combines technology and expertise to help organizations achieve their missions. It offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, marketing, advocacy, customer relationship management (“CRM”), corporate social responsibility ("CSR"), peer-to-peer fundraising, financial management, payment processing and analytics. Blackbaud’s SKY platform, the company’s modern cloud platform, continues to power innovation. The company also provides a toolset for clients, partners/developers to extend the Blackbaud SKY ecosystem.
BLKB boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Blackbaud has seen some interesting price action recently; the stock is up 3.2% over the past one week and up 3.7% over the past four weeks. And in the last one-year period, BLKB has lost 18.4%. As for the stock's trading volume, 307,273.09 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.03 to $4.23 per share. BLKB boasts an average earnings surprise of 1.2%.
BLKB should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Blackbaud, Inc. (BLKB):Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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Here's Why Blackbaud (BLKB) is a Strong Momentum Stock
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