Black Knight, Inc. (NYSE: BKI – Get Rating) was the target of a sharp drop in short-term interest in April. As of April 30, there was short interest totaling 2,570,000 shares, down 20.7% from the April 15 total of 3,240,000 shares. Based on an average daily volume of 1,840,000 shares, the day-to-cover ratio is currently 1.4 days. Approximately 1.7% of the company’s shares are sold short.
Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Ellevest Inc. purchased a new stake in Black Knight stock during Q4 for $27,000. NEXT Financial Group Inc increased its position in Black Knight by 125.0% in the fourth quarter. NEXT Financial Group Inc now owns 324 shares of the company worth $27,000 after purchasing an additional 180 shares in the last quarter. Quent Capital LLC bought a new stake in Black Knight in the fourth quarter worth $28,000. Counterpoint Mutual Funds LLC purchased a new stake in Black Knight in the fourth quarter for $29,000. Finally, Lazard Asset Management LLC bought a new position in Black Knight in Q4 worth around $29,000. Hedge funds and other institutional investors hold 97.33% of the company’s shares.
Black Knight stock opened at $69.34 on Monday. The company has a quick ratio of 1.33, a current ratio of 0.84 and a debt ratio of 1.10. Black Knight has a 12 month low of $52.00 and a 12 month high of $84.27. The company’s fifty-day moving average is $63.88 and its 200-day moving average is $69.45. The company has a market capitalization of $10.77 billion, a PE ratio of 20.82, a PEG ratio of 2.99 and a beta of 0.68.
Black Knight (NYSE:BKI – Get Rating) last released its results on Thursday, May 5. The company reported earnings per share (EPS) of $0.56 for the quarter, beating consensus analyst estimates of $0.54 by $0.02. Black Knight had a net margin of 34.27% and a return on equity of 14.60%. The company posted revenue of $387.20 million for the quarter, versus a consensus estimate of $380.31 million. In the same quarter of the previous year, the company achieved EPS of $0.51. Black Knight’s quarterly revenue increased 10.7% compared to the same quarter last year. Sell-side analysts expect Black Knight to post EPS of 2.43 for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a Friday, February 18 research note. Wedbush raised its price target on Black Knight shares from $70.00 to $85.00 and gave the company a “neutral” rating in a Thursday, May 5 report. Oppenheimer cut his price target on Black Knight shares from $92.00 to $80.00 in a Friday, April 8 report. Jefferies Financial Group downgraded Black Knight from a “buy” rating to a “hold” rating and lowered its price target for the company from $100.00 to $71.00 in a Tuesday, February 8 research note. Finally, Raymond James downgraded Black Knight from an “outperforming” rating to a “market performing” rating and set a price target of $85.00 for the stock. in a research note on Thursday, May 5. Five equity research analysts rated the stock with a holding rating. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $81.17.
About the Dark Knight (Get a rating)
Black Knight, Inc provides integrated software, data and analytics solutions in North America and internationally. The Software Solutions segment offers software and hosting solutions including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.
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