Blackbaud Divests EVERFI Amid Slow Growth and Business Challenges

Zacks01-03

Blackbaud, Inc. BLKB has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic...

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The transaction, finalized on Dec. 31, 2024, followed a thorough strategic...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackbaud-divests-everfi-amid-slow-140100853.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackbaud Divests EVERFI Amid Slow Growth and Business Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackbaud Divests EVERFI Amid Slow Growth and Business Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-03 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackbaud-divests-everfi-amid-slow-140100853.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blackbaud, Inc. BLKB has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackbaud-divests-everfi-amid-slow-140100853.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/blackbaud-divests-everfi-amid-slow-140100853.html","article_id":"2500557145","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500557145","pubTimestamp":1735912860,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Blackbaud, Inc. BLKB has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic review process and was closed for a nominal amount.The company is collaborating closely with the buyer and EVERFI leadership to ensure a seamless handover. Management highlighted that EVERFI remains committed to supporting its customers with educational programs covering essential topics, such as financial literacy, wellness, compliance and workplace training.Blackbaud reaffirmed its focus on its core offerings, including the YourCause portfolio and the Impact Edge solution. These tools, integral to Blackbaud's forward-looking strategy, empower purpose-driven organizations to enhance corporate giving, volunteering, engagement and impact reporting initiatives. The company remains committed to enabling businesses to drive meaningful corporate impact.Blackbaud currently carries a Zacks Rank ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Blackbaud因增长缓慢和业务挑战而剥离EVERFI","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLKB":1,"IDCC":1,"RDCM":1,"UI":1},"content_text":"Blackbaud, Inc. BLKB has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic review process and was closed for a nominal amount.\nThe company is collaborating closely with the buyer and EVERFI leadership to ensure a seamless handover. Management highlighted that EVERFI remains committed to supporting its customers with educational programs covering essential topics, such as financial literacy, wellness, compliance and workplace training.\nBlackbaud reaffirmed its focus on its core offerings, including the YourCause portfolio and the Impact Edge solution. These tools, integral to Blackbaud's forward-looking strategy, empower purpose-driven organizations to enhance corporate giving, volunteering, engagement and impact reporting initiatives. The company remains committed to enabling businesses to drive meaningful corporate impact.\n\nBlackbaud, Inc. Price and Consensus\n\nBlackbaud, Inc. price-consensus-chart | Blackbaud, Inc. Quote\n\nBlackbaud has been encountering slow growth due to challenges in its EVERFI business. Additionally, the weak performance of the corporate sector in the third quarter of 2024 raised significant concerns. The sector, which accounted for nearly 11% of total revenues in the quarter, fell 17.3% year over year, primarily due to the underperformance of EVERFI. EVERFI’s top line, which represents 7% of total company revenues, declined 26% year over year in the third quarter. Moreover, the company expects continued softness in the segment in the near term.\nOwing to these adversities, Blackbaud has lowered its annual revenue forecast for 2024. It expects non-GAAP revenues between $1.150 billion and $1.160 billion, down from earlier guidance of $1.164 billion to $1.194 billion. It is also right-sizing the business to better align costs to revenues and has sought the services of Goldman Sachs to help in evaluating other options for EVERFI.\nBLKB’s Zacks Rank & Stock Price Performance\nBlackbaud currently carries a Zacks Rank #3 (Hold). Shares of the company have declined 11.7% over the past year against the industry’s growth of 17.9%.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader technology space are Ubiquiti Inc. UI, InterDigital, Inc. IDCC and RADCOM Ltd. RDCM. UI and IDCC presently sport a Zacks Rank #1 (Strong Buy), whereas RDCM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for Ubiquiti’s fiscal 2025 EPS is pegged at $7.30. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its shares have surged 164.1% in the past year.\nThe Zacks Consensus Estimate for InterDigital’s 2024 EPS is pegged at $15.19, unchanged in the past 30 days. IDCC earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 163.7%. The company’s long-term earnings growth rate is 15%. Its shares have jumped 65.4% in the past six months.\nThe Zacks Consensus Estimate for RADCOM’ 2024 EPS is pegged at 80 cents, unchanged in the past seven days. RDCM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 25.36%. Its shares have surged 48.7% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nInterDigital, Inc. (IDCC) : Free Stock Analysis Report\nBlackbaud, Inc. (BLKB) : Free Stock Analysis Report\nRadcom Ltd. (RDCM) : Free Stock Analysis Report\nUbiquiti Inc. (UI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500557145"}