Kornit Digital (NASDAQ:KRNT) Shares Gap Up – Here’s Why

Posted by Brenda Bartman on May 13th, 2026

Kornit Digital Ltd. (NASDAQ:KRNT – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $16.08, but opened at $18.17. Kornit Digital shares last traded at $18.2690, with a volume of 240,817 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KRNT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Kornit Digital in a research report on Wednesday, February 11th. Wall Street Zen raised Kornit Digital from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kornit Digital in a report on Wednesday, March 25th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $17.00 price target on shares of Kornit Digital in a report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

Read Our Latest Analysis on KRNT

Kornit Digital Stock Up 17.3%

The company has a market capitalization of $845.01 million, a price-to-earnings ratio of -60.32 and a beta of 1.76. The firm has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $14.53.

Kornit Digital (NASDAQ:KRNT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The industrial products company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $48.54 million during the quarter, compared to the consensus estimate of $46.67 million. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. Analysts predict that Kornit Digital Ltd. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On Kornit Digital

A number of large investors have recently bought and sold shares of KRNT. CIBC Private Wealth Group LLC lifted its holdings in Kornit Digital by 1,359.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 1,795 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Kornit Digital in the third quarter worth about $27,000. Raymond James Financial Inc. bought a new position in Kornit Digital in the second quarter worth about $31,000. State of Tennessee Department of Treasury bought a new position in Kornit Digital in the second quarter worth about $35,000. Finally, Quadrature Capital Ltd bought a new position in Kornit Digital in the fourth quarter worth about $144,000. Institutional investors own 92.76% of the company’s stock.

Kornit Digital Company Profile

(Get Free Report)

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.