News coverage about Kornit Digital (NASDAQ:KRNT) has trended somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.11 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.1989107900729 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Kornit Digital (KRNT) traded down $0.30 during mid-day trading on Tuesday, reaching $15.50. 349,200 shares of the company were exchanged, compared to its average volume of 342,973. The firm has a market cap of $533.01, a PE ratio of 79.00, a price-to-earnings-growth ratio of 4.56 and a beta of 0.06. Kornit Digital has a twelve month low of $11.05 and a twelve month high of $23.15.

KRNT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Kornit Digital from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Citigroup cut shares of Kornit Digital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.50 to $14.00 in a research report on Wednesday, September 27th. Finally, Needham & Company LLC lowered their price objective 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.67.

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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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