Media headlines about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.2577187069655 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Kornit Digital (NASDAQ:KRNT) traded up 1.49% on Tuesday, reaching $17.05. 19,503 shares of the company’s stock traded hands. The firm’s 50-day moving average is $17.86 and its 200 day moving average is $18.53. The stock’s market capitalization is $575.18 million. Kornit Digital has a 52-week low of $8.90 and a 52-week high of $23.15.
Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $28.59 million during the quarter, compared to analysts’ expectations of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. Analysts forecast that Kornit Digital will post $0.42 EPS for the current year.
Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $24.00 target price on shares of Kornit Digital in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Craig Hallum assumed coverage on shares of Kornit Digital in a research report on Tuesday, July 11th. They issued a “buy” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.86.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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