Kornit Digital (NASDAQ:KRNT) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Kornit Digital (NASDAQ:KRNT) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05, Briefing.com reports. Kornit Digital had a negative return on equity of 0.74% and a negative net margin of 5.43%.The firm had revenue of $53.13 million during the quarter, compared to the consensus estimate of $51.79 million. During the same period in the prior year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Kornit Digital updated its Q4 2025 guidance to EPS.

Kornit Digital Price Performance

KRNT traded down $0.17 during midday trading on Friday, reaching $12.96. 127,800 shares of the company’s stock were exchanged, compared to its average volume of 338,931. The business’s 50-day moving average price is $14.15 and its 200 day moving average price is $17.62. The stock has a market capitalization of $580.54 million, a PE ratio of -51.84 and a beta of 1.94. Kornit Digital has a 1-year low of $11.93 and a 1-year high of $34.28.

Wall Street Analyst Weigh In

KRNT has been the subject of several research analyst reports. Needham & Company LLC lowered their target price on shares of Kornit Digital from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price objective (down previously from $20.00) on shares of Kornit Digital in a report on Thursday. Cantor Fitzgerald reduced their target price on Kornit Digital from $28.50 to $26.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of Kornit Digital in a research report on Wednesday, October 8th. Finally, Barclays cut their price target on Kornit Digital from $22.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.75.

Hedge Funds Weigh In On Kornit Digital

A number of institutional investors have recently modified their holdings of KRNT. Raymond James Financial Inc. acquired a new stake in Kornit Digital during the second quarter worth approximately $31,000. State of Tennessee Department of Treasury acquired a new stake in shares of Kornit Digital during the second quarter worth $35,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kornit Digital by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,800 shares of the industrial products company’s stock valued at $2,248,000 after purchasing an additional 2,105 shares during the period. Sei Investments Co. increased its stake in Kornit Digital by 0.8% in the second quarter. Sei Investments Co. now owns 271,305 shares of the industrial products company’s stock valued at $5,402,000 after purchasing an additional 2,195 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Kornit Digital by 8.9% in the second quarter. Jane Street Group LLC now owns 35,927 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 2,948 shares during the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

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 in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.