Black Knight Inc. (NYSE: BKI) stock jumped 1.01% on Wednesday to $55.07 against a previous-day closing price of $54.52. With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $55.65 whereas the lowest price it dropped to was $54.33. The 52-week range on BKI shows that it touched its highest point at $71.32 and its lowest point at $53.15 during that stretch. It currently has a 1-year price target of $62.80. Beta for the stock currently stands at 0.48.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BKI was down-trending over the past week, with a drop of -0.22%, but this was up by 0.58% over a month. Three-month performance dropped to -13.03% while six-month performance fell -9.87%. The stock lost -22.56% in the past year, while it has lost -10.82% so far this year. A look at the trailing 12-month EPS for BKI yields 1.48 with Next year EPS estimates of 2.52. For the next quarter, that number is 0.50. This implies an EPS growth rate of 117.90% for this year and 21.58% for next year. EPS is expected to grow by 2.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 44.30%.
Float and Shares Shorts:
At present, 154.70 million BKI shares are outstanding with a float of 150.82 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.38 million, which was 1.52% higher than short shares on Mar 30, 2023. In addition to Mr. Anthony M. Jabbour as the firm’s Exec. Chairman, Mr. Joseph M. Nackashi serves as its Chief Exec. Officer.
Through their ownership of 91.19% of BKI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.11% of BKI, in contrast to 44.51% held by mutual funds. Shares owned by individuals account for 4.02%. As the largest shareholder in BKI with 9.49% of the stake, T. Rowe Price Investment Manageme holds 14,883,197 shares worth 14,883,197. A second-largest stockholder of BKI, The Vanguard Group, Inc., holds 13,463,819 shares, controlling over 8.59% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in BKI, holding 12,181,693 shares or 7.77% stake. With a 3.17% stake in BKI, the Principal Funds, Inc. – Mid Cap F is the largest stakeholder. A total of 4,964,990 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.78% of BKI stock, is the second-largest Mutual Fund holder. It holds 4,361,240 shares valued at 238.3 million. T Rowe Price Capital Appreciation holds 2.76% of the stake in BKI, owning 4,319,417 shares worth 236.01 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BKI reported revenue of $394.50M and operating income of $85.20M. The EBITDA in the recently reported quarter was $164.90M and diluted EPS was $0.26.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BKI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BKI analysts setting a high price target of $72.00 and a low target of $57.00, the average target price over the next 12 months is $62.80. Based on these targets, BKI could surge 30.74% to reach the target high and rise by 3.5% to reach the target low. Reaching the average price target will result in a growth of 14.04% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded BKI stock several times over the past three months with 4 Buys and 6 Sells. In these transactions, 325,347 shares were bought while 35,800 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 349,028 while 82,118 shares were sold.