Shares of Kornit Digital Ltd (NASDAQ:KRNT) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.67.
Several research firms have commented on KRNT. Zacks Investment Research upgraded Kornit Digital from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. BidaskClub cut Kornit Digital from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Citigroup upgraded Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, January 23rd. TheStreet upgraded Kornit Digital from a “c” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Needham & Company LLC lowered their price target on Kornit Digital from $19.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 14th.
Kornit Digital (NASDAQ KRNT) traded up $0.05 during trading on Friday, reaching $13.65. The company had a trading volume of 5,006 shares, compared to its average volume of 317,382. The stock has a market cap of $460.48, a PE ratio of 170.63, a PEG ratio of 1.00 and a beta of 0.25. Kornit Digital has a 1 year low of $11.70 and a 1 year high of $23.15.
Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $29.95 million for the quarter, compared to analysts’ expectations of $30.51 million. Kornit Digital had a positive return on equity of 1.68% and a negative net margin of 1.77%. equities analysts expect that Kornit Digital will post 0.34 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Kornit Digital during the 4th quarter worth about $103,000. Wells Fargo & Company MN grew its holdings in shares of Kornit Digital by 1,540.0% during the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 7,700 shares during the period. Citadel Advisors LLC acquired a new position in Kornit Digital during the 4th quarter worth approximately $186,000. Winslow Evans & Crocker Inc. lifted its position in Kornit Digital by 147.9% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 14,876 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 8,876 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Kornit Digital during the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 92.00% of the company’s stock.
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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