Black Knight (BKI) Shares Gap Down After Analyst Downgrade

Black Knight Inc (NYSE:BKI) shares gapped down before the market opened on Wednesday after Wedbush lowered their price target on the stock from $55.00 to $50.00. The stock had previously closed at $42.68, but opened at $43.13. Wedbush currently has a neutral rating on the stock. Black Knight shares last traded at $44.33, with a volume of 30148 shares trading hands.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Black Knight from a “hold” rating to a “strong sell” rating in a research report on Friday, November 2nd. Compass Point cut their price target on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Barclays increased their price target on shares of Black Knight from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st. Finally, Wells Fargo & Co increased their price target on shares of Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and an average target price of $57.06.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Black Knight in the 2nd quarter valued at approximately $101,000. Cerebellum GP LLC bought a new stake in Black Knight during the 3rd quarter worth approximately $171,000. AMP Capital Investors Ltd bought a new stake in Black Knight during the 2nd quarter worth approximately $203,000. Levin Capital Strategies L.P. bought a new stake in Black Knight during the 2nd quarter worth approximately $209,000. Finally, Point72 Hong Kong Ltd bought a new stake in Black Knight during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $6.44 billion, a PE ratio of 33.76, a P/E/G ratio of 1.78 and a beta of 0.83.

Black Knight (NYSE:BKI) last posted its earnings results on Tuesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. The business had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $282.42 million. Black Knight’s revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that Black Knight Inc will post 1.6 EPS for the current year.

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About Black Knight (NYSE:BKI)

Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.

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