Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Kornit Digital (KRNT) Share Price

News stories about Kornit Digital (NASDAQ:KRNT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kornit Digital earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 44.5374085139685 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research analysts recently issued reports on KRNT shares. Zacks Investment Research upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays dropped their target price on shares of Kornit Digital from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. Citigroup upgraded shares of Kornit Digital from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, January 23rd. TheStreet upgraded shares of Kornit Digital from a “c” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, BidaskClub downgraded shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.83.

Kornit Digital (KRNT) traded up $0.15 during trading on Friday, hitting $13.50. 311,234 shares of the company were exchanged, compared to its average volume of 355,512. Kornit Digital has a 52 week low of $12.85 and a 52 week high of $23.15. The firm has a market cap of $455.42, a P/E ratio of -1,350.00, a PEG ratio of 0.96 and a beta of 0.02.

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About Kornit Digital

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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