Comparison To Peers: Black Knight Inc. (BKI), Switch Inc. (SWCH)

You should consider shares of Black Knight Inc. (NYSE:BKI) and Switch Inc. (NYSE:SWCH) if you are looking for a great stocks to invest in. Starting with the BKI shares, which traded at $65.87 at the close of the recent session, gaining 0.08%. On Wednesday, the company’s shares shed $0.05 from its value which represented in intraday trading. The stock is now 2.16% higher in year-to-date (YTD) trading. BKI’s intraday high was $66.43 while its lowest price touched $65.61. The stock’s 52-week high price is $66.25, which means the current price is at -0.57%. In terms of trading activity, the daily trading volume rose to 1527859 against 200-day average trading volume of 915,255 shares.

What are analyst forecasts for Black Knight Inc. (NYSE:BKI)?

At a consensus rating of 4.40, BKI is trending as a streaking Moderate Buy, as it has been the case a month ago when 10 analysts called it a Strong Buy. Two months ago, 11 analysts recommended, on average, that BKI stock is a Strong Buy. The Financial company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $65.97 on the day.

Forecasts for Black Knight Inc. (NYSE:BKI) give the stock a fair value for the growth of 1.69% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $67.00, which means the price per share could rise by nearly $1.13. The price range target is between a low of $60.00 and a high of $76.00. The stock would need to gain by about $13.33 to hit the estimated high or 0.71% from its 12-month low.

The consensus among 13 analysts is that it is a good time for one to Buy in the Black Knight Inc. 10 analysts rate BKI as a Buy, with 0 of 13 analysts rate it as a Sell. 0 have valued the stock as Overweight and 3 have recommended that investors Hold.

Black Knight Inc. (NYSE:BKI) Upgrades and Downgrades

In terms of rating changes, JP Morgan on December 18, 2019, Downgrade Black Knight Inc. (BKI) at Neutral. They believe the stock could reach $66 in the near term. Analysts at Compass Point have assigned a Neutral rating for the stock in their research note on November 08, 2019. Moreover, Goldman analysts issued a rating of Buy for the stock on June 03, 2019, giving it a price target of $68 for the next 12 months. On February 19, 2019, the stock earned a Buy rating due to an analyst call from Compass Point, while analysts from Susquehanna on November 29, 2018 suggested that the stock is Positive.

Switch Inc. (NYSE:SWCH) adds $0.49 on Wednesday

The SWCH stock has risen 8.50% year-to-date and is currently trading at $16.08, which is -5.13% below its 52-week high. The company shares gained 3.14% on the day and have risen nearly 114.69% off a low hit. At current levels, Switch Inc. has a valuation of about $439.40M. As of 01/15/20, this stock has risen 4.01% during the week and closed at $15.59 in the previous session. However, recent Switch Inc. stock performance shows that SWCH shares are 8.14% up over the last month, and 3.61% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.03, with the trailing 12-month share earnings at $0.10. The ratio is expected to be up by 11.10% for the current year 2019 and 150.00% for next year. Over the next 5-year period, earnings per share will be 35.56%. But will the SWCH stock surprise in the current quarter results, where the $0.02 actual EPS reported on 9/29/2019 surprised by -50.00% or was lower by -$0.02 from the estimated $0.04.

Sales Growth to climb 12.30% for the year

How well will Switch Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $118.5M and $120.1M in current quarter sales. The consensus estimated for the current quarter is $119.28M from sales. Forecasts for this fiscal year are between $454.8M and $456.3M and the consensus estimate for sales is at $455.54M. SWCH has its next quarter sales estimates at between $117.4M and $123.92M, with the quarter-over-quarter growth estimates at 13.70% and the annual growth forecast for the year at 12.30%.

Who owns shares in Switch Inc. (SWCH)?

Let’s briefly focus on the share ownership of the Switch Inc. (NYSE:SWCH) stock, where we find that 68.81% of shares are held by institutions. Sylebra Capital Ltd tops the list of institutional owners as it is holding 7.56 million shares or 8.71% of shares outstanding. ArrowMark Colorado Holdings LLC and Vanguard Group, Inc. (The) held 6.12 million and 5.75 million representing 7.05% and 6.63% respectively at the close of the last trading session. As of Sep 29, 2019, Renaissance Technologies, LLC accounted for 5.51 million shares at over 86.13 million. This represented 6.35% of shares outstanding. U.S. Bancorp (Minnesota) held 4.42 million shares at over 69.04 million representing 5.09% of shares outstanding.

SWCH Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Switch Inc. (SWCH), a total of 1516686 shares have been sold by insiders over the last 6 months while 5923803 shares were added in the same time span. On 8/23/2019, by the name Balelo William Gonsalves sold 286991.0 shares worth $4.7 million at the price of $16.30 per share. Filings also show that Balelo William Gonsalves sold a total of 286991.0 shares on 8/23/2019 valued at $4.7 million. Since the last insider activity, the company’s share price has dropped 0.00%.