Barclays PLC set a $17.00 target price on Kornit Digital Ltd. (NASDAQ:KRNT) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the industrial products company’s stock.

KRNT has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Kornit Digital from a hold rating to a sell rating in a research report on Wednesday, October 4th. BidaskClub cut shares of Kornit Digital from a hold rating to a sell rating in a research note on Thursday, August 10th. Stifel Nicolaus decreased 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 note on Wednesday, September 27th. Needham & Company LLC decreased 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 note on Wednesday, September 27th. Finally, Citigroup Inc. cut shares of Kornit Digital from a buy rating to a neutral rating and decreased their price target for the stock from $21.50 to $14.00 in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $18.67.

Kornit Digital (KRNT) opened at $16.80 on Wednesday. The company has a market cap of $566.75, a price-to-earnings ratio of 84.00, a P/E/G ratio of 5.04 and a beta of 0.06. Kornit Digital has a 52-week low of $11.05 and a 52-week high of $23.15.

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A number of large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado acquired a new stake in shares of Kornit Digital in the 2nd quarter worth $101,000. Cowen Prime Services LLC lifted its stake in shares of Kornit Digital by 104.8% in the 2nd quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 3,100 shares during the period. Van ECK Associates Corp lifted its stake in shares of Kornit Digital by 49.4% in the 2nd quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 2,583 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Kornit Digital by 1,540.0% in the 2nd quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 7,700 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Kornit Digital in the 2nd quarter worth $198,000. Hedge funds and other institutional investors own 77.41% 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.

Analyst Recommendations for Kornit Digital (NASDAQ:KRNT)

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