Kornit Digital Ltd (NASDAQ:KRNT) has been assigned a consensus rating of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $20.50.
A number of brokerages have recently commented on KRNT. Canaccord Genuity lifted their target price on shares of Kornit Digital from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 8th. Stifel Nicolaus began coverage on shares of Kornit Digital in a research report on Thursday, June 7th. They issued a “buy” rating and a $21.00 price objective on the stock. BidaskClub upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Finally, Zacks Investment Research upgraded shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 18th.
Get Kornit Digital alerts:Shares of Kornit Digital stock traded up $0.05 during trading on Monday, reaching $17.80. The company’s stock had a trading volume of 165,690 shares, compared to its average volume of 246,401. The stock has a market capitalization of $608.95 million, a price-to-earnings ratio of 147.92 and a beta of 0.30. Kornit Digital has a fifty-two week low of $11.70 and a fifty-two week high of $21.80.
Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, May 8th. The industrial products company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. The business had revenue of $31.10 million for the quarter, compared to analysts’ expectations of $29.42 million. Kornit Digital had a net margin of 0.24% and a return on equity of 2.54%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. equities analysts expect that Kornit Digital will post 0.25 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in shares of Kornit Digital by 973.6% during the 4th quarter. Wells Fargo & Company MN now owns 8,546 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 7,750 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Kornit Digital by 5.0% during the 4th quarter. Schroder Investment Management Group now owns 856,945 shares of the industrial products company’s stock worth $13,840,000 after purchasing an additional 40,919 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kornit Digital by 10.4% during the 4th quarter. BlackRock Inc. now owns 330,307 shares of the industrial products company’s stock worth $5,334,000 after purchasing an additional 31,052 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Kornit Digital during the 4th quarter worth $186,000. Finally, Senvest Management LLC boosted its position in shares of Kornit Digital by 16.8% during the 4th quarter. Senvest Management LLC now owns 1,530,177 shares of the industrial products company’s stock worth $24,712,000 after purchasing an additional 220,000 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.
About Kornit Digital
Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.
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