AWM Investment Company Inc. boosted its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,098 shares of the industrial products company’s stock after buying an additional 150,921 shares during the quarter. AWM Investment Company Inc. owned approximately 1.04% of Kornit Digital worth $6,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement Association of Colorado bought a new stake in Kornit Digital during the second quarter valued at approximately $101,000. Cowen Prime Services LLC boosted its position in shares of Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 3,100 shares during the period. Van ECK Associates Corp boosted its position in shares of Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 2,583 shares during the period. Wells Fargo & Company MN boosted its position in shares of 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 worth $159,000 after purchasing an additional 7,700 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Kornit Digital by 104.3% in the first quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 4,652 shares during the period. Institutional investors own 73.33% of the company’s stock.

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Kornit Digital Ltd. (KRNT) traded up 1.62% during trading on Friday, hitting $15.70. 44,350 shares of the company’s stock were exchanged. Kornit Digital Ltd. has a 12-month low of $9.00 and a 12-month high of $23.15. The company’s 50-day moving average price is $16.26 and its 200 day moving average price is $16.26. The firm’s market cap is $529.64 million.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $28.59 million during the quarter, compared to analyst estimates of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. Equities analysts forecast that Kornit Digital Ltd. will post $0.18 earnings per share for the current fiscal year.

KRNT has been the subject of a number of recent analyst reports. Craig Hallum dropped their price target on shares of Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Needham & Company LLC dropped their price target on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target (down from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Stifel Nicolaus dropped their price target on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Finally, BidaskClub lowered shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.83.

Kornit Digital 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.

Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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