Kornit Digital Ltd. (NASDAQ:KRNT) – Analysts at William Blair decreased their Q4 2016 earnings per share (EPS) estimates for shares of Kornit Digital in a research report issued on Thursday. William Blair analyst B. Drab now forecasts that the firm will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.15. William Blair also issued estimates for Kornit Digital’s Q1 2017 earnings at $0.08 EPS, Q2 2017 earnings at $0.11 EPS, Q3 2017 earnings at $0.14 EPS and Q4 2017 earnings at $0.18 EPS.

Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Wednesday, November 9th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Kornit Digital had a net margin of 2.03% and a return on equity of 5.14%. The firm earned $30.90 million during the quarter, compared to the consensus estimate of $28.79 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 40.5% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Stifel Nicolaus reduced their price target on shares of Kornit Digital from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.00.

Shares of Kornit Digital (NASDAQ:KRNT) opened at 11.40 on Monday. The company has a market cap of $347.40 million, a P/E ratio of 89.06 and a beta of -0.23. Kornit Digital has a 52 week low of $8.10 and a 52 week high of $12.30. The firm has a 50-day moving average of $10.16 and a 200 day moving average of $9.98.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Kornit Digital by 13.5% in the first quarter. Geode Capital Management LLC now owns 13,919 shares of the company’s stock valued at $138,000 after buying an additional 1,651 shares in the last quarter. Swiss National Bank raised its position in Kornit Digital by 72.3% in the second quarter. Swiss National Bank now owns 14,300 shares of the company’s stock valued at $140,000 after buying an additional 6,000 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in Kornit Digital during the second quarter valued at about $344,000. Bamco Inc. NY raised its position in Kornit Digital by 94.7% in the third quarter. Bamco Inc. NY now owns 37,000 shares of the company’s stock valued at $347,000 after buying an additional 18,000 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Kornit Digital during the second quarter valued at about $801,000. Institutional investors and hedge funds own 27.49% of the company’s stock.

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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