A number of other research analysts have also recently commented on KRNT. Zacks Investment Research raised shares of Kornit Digital from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, January 15th. Craig Hallum set a $25.00 target price on shares of Kornit Digital and gave the stock a “buy” rating in a research report on Thursday, February 14th. Finally, Needham & Company LLC upped their price target on shares of Kornit Digital from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $24.29.
Shares of NASDAQ KRNT traded up $0.19 during trading on Thursday, reaching $25.86. 290,293 shares of the stock were exchanged, compared to its average volume of 443,610. Kornit Digital has a twelve month low of $15.35 and a twelve month high of $29.63. The stock has a market cap of $906.65 million, a P/E ratio of 107.75 and a beta of 1.08.
Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Tuesday, February 12th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Kornit Digital had a return on equity of 5.09% and a net margin of 8.73%. The firm had revenue of $37.80 million for the quarter, compared to analyst estimates of $38.11 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities analysts forecast that Kornit Digital will post 0.44 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EAM Global Investors LLC raised its holdings in Kornit Digital by 2.4% in the first quarter. EAM Global Investors LLC now owns 226,001 shares of the industrial products company’s stock valued at $5,379,000 after acquiring an additional 5,281 shares in the last quarter. Swiss National Bank raised its holdings in Kornit Digital by 3.1% in the first quarter. Swiss National Bank now owns 56,400 shares of the industrial products company’s stock valued at $1,342,000 after acquiring an additional 1,700 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Kornit Digital in the first quarter valued at $165,000. Wells Fargo & Company MN raised its holdings in Kornit Digital by 1,412.5% in the first quarter. Wells Fargo & Company MN now owns 35,453 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 33,109 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in Kornit Digital by 53.7% in the first quarter. Advisor Group Inc. now owns 1,434 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 501 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.
About Kornit Digital
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.
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