Kornit Digital Ltd (NASDAQ:KRNT) has received an average rating of “Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.67.
A number of brokerages have recently issued reports on KRNT. Zacks Investment Research upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. BidaskClub downgraded Kornit Digital from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Citigroup raised 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 raised Kornit Digital from a “c” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Needham & Company LLC decreased 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.
Shares of Kornit Digital (NASDAQ:KRNT) traded up $0.05 on Friday, hitting $13.65. 5,006 shares of the stock were exchanged, compared to its average volume of 317,382. The stock has a market capitalization of $460.48, a price-to-earnings ratio of 170.63, a PEG ratio of 1.00 and a beta of 0.25. Kornit Digital has a twelve month low of $11.70 and a twelve month high of $23.15.
Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, February 13th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business 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 forecast that Kornit Digital will post 0.34 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN lifted its holdings in Kornit Digital by 3.2% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 182,352 shares of the industrial products company’s stock valued at $2,945,000 after acquiring an additional 5,732 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Kornit Digital in the fourth quarter valued at $103,000. Wells Fargo & Company MN lifted its holdings in Kornit Digital by 1,540.0% in the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 7,700 shares during the period. CAPROCK Group Inc. raised its stake in shares of Kornit Digital by 46.9% during the 4th quarter. CAPROCK Group Inc. now owns 24,497 shares of the industrial products company’s stock worth $385,000 after buying an additional 7,817 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of 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 buying an additional 8,876 shares during the last quarter. 92.00% of the stock is owned by institutional investors.
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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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